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 E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.