MindShift Technologies, a Best Buy-owned provider of managed IT, cloud computing, data center and professional services to small- and medium-size businesses, is being sold to Ricoh.
The deal was announced Tuesday.
MindShift has some 650 employees and operates centers in Morrisville as well as Boston, Chicago, Long Island, N.Y., Minneapolis, New York City, Philadelphia, Washington, D.C., and Austin, Houston, San Antonio, and Dallas, Tex.
Financial terms of the deal were not disclosed.
MindShift serves more than 6,900 clients.
Ricoh also has an IT services organization with some 8,000 employees.
“With the addition of these highly skilled engineering and customer-facing resources to our existing services organization, Ricoh can now offer a greatly enhanced range of services for its customers,” said Martin Brodigan, Chairman and Chief Executive Officer, Ricoh Americas Corporation. “We are very much looking forward to working with our small and medium-sized customers to maximize these combined capabilities to their greatest benefit.”
The deal is expected to close in February.
“At MindShift, we are proud to have the most comprehensive IT Services portfolio for small and mid-sized business customers in the industry and are excited to become a part of the Ricoh family. With Ricoh’s keen focus on business customers, their leadership position in the small and mid-sized business space and our common philosophy in delivering innovative ways to solve technology challenges, we believe we can deliver even more value to customers together,” said Mona Abutaleb, MindShift’s CEO. “We’re excited about what this acquisition means to our customers; the impact of having a well-respected brand like Ricoh tied to our market leadership will bring great benefits to current and new customers around the country.”
