Best Buy to Acquire Cloud-Services Provider mindSHIFT

By Bizclik Editor

 

In an effort to shift away from the highly competitive electronics retail market, Best Buy is working to build a larger footprint in business IT technology services.

The company has recognized its potential in the cloud services arena and announced Monday that it agreed to acquire mindSHIFT Technologies, a managed services provider that offers cloud, IT, data center and other services to small- and mid-sized businesses.

The acquisition won’t bring huge changes to mindSHIFT, as it will continue to operate under its current name and management team, but Best Buy is hoping that it can expand its IT growth with mindSHIFT’s network of 5,400 clients and 25,000 managed desktops nationwide.

“There’s no question that acquiring the skills, capabilities and clients of mindSHIFT has the potential to help expand Best Buy’s global services capabilities in the vast small and mid-sized business market,” Best Buy Services Senior VP George Sherman said in a statement. “As important, the mindSHIFT team will bring added experience, talent and resources to the remote support capability we have been building within our multi-channel tech service unit Geek Squad.”

The acquisition of Geek Squad and development of Best Buy for Business have proven to be lucrative for the Minnesota-based chain and it said that by joining forces with mindSHIFT, it will gain significant competitive advantage.

Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI