Best Buy Completes Acquisition of mindSHIFT Technologies
Move adds IT services for small-to-mid-sized businesses to Best Buy's global services portfolio
MINNEAPOLIS – January 5, 2012
Best Buy (NYSE: BBY) said today that it has completed the acquisition of mindSHIFT Technologies, Inc., the nation's leading managed service provider (MSP) for small and mid-sized businesses. mindSHIFT provides managed IT, cloud, data center and professional services to more than 5,400 clients and 25,000 managed desktops in markets throughout the U.S.
Coupled with Best Buy's retail, Geek Squad services and Best Buy For Business operations, Best Buy anticipates that mindSHIFT will capture a greater share of the $40 billion small-to-mid-sized MSP market. mindSHIFT, the MSP category leader for small and mid-sized business, supports clients across all industries with a focus on the legal, healthcare, financial, non-profit, association and education categories. It will operate under its current name, management team and capabilities, which include approximately 500 employees at offices in Boston; Long Island, N.Y.; Minneapolis; Morrisville, N.C.; New York City; Philadelphia and Washington, D.C.
About mindSHIFT Technologies, Inc.
mindSHIFT is one of the largest IT outsourcing and cloud managed services providers, serving small and mid-size businesses for more than 10 years. At mindSHIFT, we're about keeping your IT systems up and running, providing personal attention and making you more productive. We're big enough to offer the facilities, services and expertise you expect, but small enough to provide the support and attention you demand. Learn more at www.mindSHIFT.com.
About Best Buy Co., Inc.
Best Buy Co., Inc. (NYSE: BBY) is a leading multi-channel global retailer and developer of technology products and services. Every day our employees - 180,000 strong - are committed to helping deliver the technology solutions that enable easy access to people, knowledge, ideas and fun. We are keenly aware of our role and impact on the world, and we are committed to developing and implementing business strategies that bring sustainable technology solutions to our consumers and communities. For information about Best Buy, visit www.bby.com and to shop at Best Buy, visit www.bestbuy.com.
mindSHIFT Technologies, Inc.
mindSHIFT and the mindSHIFT Technologies logo are registered service marks, and cloudSHIFT and Delivering IT Peace of Mind are service marks of mindSHIFT Technologies, Inc.
All other marks are property of their respective owners.