Best Buy Announced Acquisition of mindSHIFT Technologies for $167 Million

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Best Buy Announced Acquisition of mindSHIFT  Technologies for $167 Million Best Buy Announced Acquisition of mindSHIFT Technologies for $167 MillionBest Buy Announced Acquisition of mindSHIFT  Technologies for $167 Million

 

7 November 2011

Best Buy, an electronics retailer, has announced that the company had reached a deal to purchase mindSHIFT Technologies, a managed service provider, for $167 million.
With acquisition of mindSHIFT, the company will be able to extend its IT service opportunities for SMBs.
At present, the cloud provider has more than 5,400 customers and 25,000 managed desktops in largest US markets.
Best Buy will use the company’s well-known brand for selling mindSHIFT's managed service offerings through its retail stores, Geek Squad services and Best Buy for Business operations.
Best Buy’s officials commented that acquiring the skills, capabilities and customers of mindSHIFT will help Best Buy expand its global services capabilities across the small and mid-sized business market. The mindSHIFT’s team will add experience, talent and resources to Best Buy’s remote support capability that the company has been building within its multi-channel tech service unit Geek Squad.
The acquisition is expected to be completed by the end of the year; mindSHIFT will continue to operate under its name, management team and capabilities.

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