Best Buy to Acquire mindSHIFT Technologies for $167 Million



Via News Release

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”

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Earlier this year, mindSHIFT was the acquirer of Mendota Heights-based Orbit Systems.