TechTaffy

tech:

taffy

Best Buy Acquires Acquire MindSHIFT Technologies For $167 Million

By TechTaffy Desk

Best Buy has reached an agreement to acquire mindShift Technologies, a managed service provider (MSP) for small and mid-sized businesses, for $167 million.

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. MindShift will continue to operate under its current name, management team and capabilities, which currently include 500 employees.

The transaction, which is expected to close on or around calendar year-end, is subject to customary closing conditions.

You may also be interested in:  Best Buy Buys Out Partner For $1.3 Bn, Revamps Worldwide Operations

Just in

Series A

DynamoFL raises $15.1M

San Francisco, CA-based DynamoFL, has raised $15.1 million in a Series A funding round.
Industry

NetApp, Google Cloud collaborate to provide enterprise storage solutions

NetApp has announced the expansion of its collaboration with Google Cloud to introduce Google Cloud NetApp Volumes.
People

Adobe co-founder John Warnock passes away

Adobe has announced the passing of Dr. John Warnock, the co-founder of the company, who died at the age of 82. Dr. Warnock, along with Dr. Charles Geschke, co-founded Adobe in 1982.
Fundings

SpyCloud raises $110M

Austin, TX-based cybercrime analytics and security provider SpyCloud has closed a $110 million growth funding.
Public Sector

CACI secures $125M contract to provide technology solutions for U.S. Navy

CACI has been awarded a five-year contract valued at up to $125 million by the U.S. Navy's Naval Air Warfare Center Aircraft Division (NAWCAD).