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11 Jul 2008
Insight Enterprises has secured Cisco Gold status in the UK by acquiring networking reseller Minx for $1.5m (£759,000).
The deal also includes the assumption of about $4.6m of Minx’s existing debt and a further payment of $0.7m if Minx hits certain performance targets.
Insight is currently a Premier partner for Cisco in Europe but the acquisition will thrust it into an elite group of UK reseller’s holding the vendor’s top-level Gold badge.
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Midmarket-focused Minx will become part of Insight Direct’s operations and Insight said the deal would bolster its skills in the sale, implementation and management of network infrastuructre services.
Minx founder John Pepper, who will now lead Insight’s newly formed Networking Solutions team, said: “It was important to us that we team with a company that has a similar culture and vision for the future. We have found that with Insight.”
Founded in 2002, boasts annual revenues of about $26m.
Stuart Fenton, president of Insight EMEA, said: “Minx’s expertise in the design, installation and management of network infrastructure solutions is a strategic fit to our value proposition as a trusted advisor to our clients in finding the right technology solutions to solve business needs.
“Their capabilities take Insight UK into a different competitive landscape within the UK.”
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