Best Buy expands in IT services by acquiring mindSHIFT, which has significant Philly presence

Tom Paine

Best Buy geared up its efforts to provide IT services to small and medium sized enterprises by acquiring Waltham, Massachusetts-based mindSHIFT Technologies for $167 million, it announced today. mindSHIFT, which has 500 employees, provides cloud services, data center services and professional services mostly on the East coast, including Philadelphia.

mindSHIFT expanded into the Philly market by acquiring Dynamic Digital Services of Levittown in 2005, and in 2007 through the acquisition of Network Alternatives, Inc. of Langhorne, a provider of full-service technology solutions to small- and medium-sized enterprises in the legal and professional services markets. mindSHIFT had over 60 employees at its Langhorne facility, it said in a press release early this year. The Philadelphia Business Journal rank it as #24 on their list of Top Technology Providers and #12 on their list of Largest Systems Integrators for 2011.

The deal reflects an effort by Best Buy to reduce its reliance on Big Box electronic retailing, and increase its base of commercial customers.



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