Best Buy to Acquire mindSHIFT® Technologies, Inc. for $167 Million
Acquisition adds small and mid-sized business IT offerings
to Best Buy global services portfolio
#1 MSP to SMBs anticipates acceleration of
growth under Best Buy ownership
MINNEAPOLIS, Nov. 7, 2011 - Best Buy (NYSE: BBY) said today that it has reached an agreement to acquire mindSHIFT Technologies, Inc., the nation’s leading managed service provider (MSP) for small and mid-sized businesses, for $167 million. The transaction will help accelerate Best Buy’s growth in the small and mid-sized business IT services category. mindSHIFT provides cloud services, data center services and professional services to more than 5,400 clients and 25,000 managed desktops in key markets throughout the United States.