mindSHIFT Technologies, Inc. and White Glove Technologies, LLC Sign Acquisition Agreement

Purchase of White Glove will extend mindSHIFT’s reach to major markets throughout Texas

WALTHAM, MASS. – June 19, 2012

Leading managed service provider (MSP) mindSHIFT Technologies, Inc., said today that it has reached an agreement to acquire Austin, Texas-based White Glove Technologies, LLC. The transaction accelerates mindSHIFT’s U.S. growth strategy by adding in-market managed IT services capabilities for small-to-mid-size businesses in Austin, Dallas-Fort Worth, Houston and San Antonio. 

“Combining the expertise of White Glove Technologies with our existing capabilities further extends mindSHIFT’s reach within the $40 billion small and mid-sized business market,” said Paul Chisholm, CEO of mindSHIFT.  “White Glove’s IT services team brings the essential experience, talent and resources to the capabilities we have been building over the past decade and we’re delighted to have them join our growing mindSHIFT organization.”

Established in 2008, White Glove Technologies, LLC provides managed IT services, and cloud services, to nearly 300 clients and 10,000 managed devices for clients throughout Texas.  Like mindSHIFT, White Glove Technologies, LLC specializes in support for small-to-mid-size clients in industries such as legal, healthcare, financial, non-profits, associations and education. With the acquisition, White Glove Technologies, LLC will be renamed mindSHIFT and continue to operate under its current management team.

“We are very closely aligned with mindSHIFT in a focus on delivering superior service and genuine value to SMB clients,” said Carey Balzer, president and co-founder of White Glove Technologies, LLC.  “This acquisition enables us to join a proven leader and contribute to mindSHIFT’s continuing growth and evolution in the MSP space.”  

mindSHIFT Technologies is an independent Best Buy (NYSE:BBY) business-to-business services company, employing approximately 500 people who support more than 5,400 clients from offices in Boston; Long Island, N.Y.; Minneapolis; Morrisville, N.C.; New York City; Philadelphia and Washington, D.C.  The MSP category leader for small and mid-size business, mindSHIFT has been named the top-ranked business in the MSP space in the U.S. for the past four years, and a leading worldwide MSP for three years by industry trade publication MSPmentor.

The transaction, which is expected to close in July, is subject to customary closing conditions.

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.

Contact:
Lisa Masiello       
mindSHIFT Technologies, Inc.    
617-243-2757, lisa.masiello@mindSHIFT.com 

Paula Baldwin       
Best Buy Services
612-291-6126, paula.baldwin@bestbuy.com

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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.