Best Buy Snaps Up mindSHIFT

Best Buy is paying $167 million to buy mindSHIFT Technologies Inc., a venture funded managed service provider for small and mid-sized businesses. Backed by investors including Columbia Capital, Volition Capital and TD Fund, mindSHIFT provides cloud services, data center services and professional services to more than 5,400 clients. The deal is expected to close around the end of this year.

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