Original URL: http://www.channelregister.co.uk/2008/07/11/insight_enterprises_buys_minx/
Insight buys UK dealership for Cisco glory
Ooh you little MINX!
Posted in IT Channel, 11th July 2008 09:43 GMT
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Insight Enterprises has gained Cisco Gold Partner accreditation in the UK through the back door - by buying a small reseller that's already got the badge.
The reseller giant is shelling out $1.5m in cash for MINX Ltd, a dealership in Elstree, Herts. Probably more significantly, it is also taking on $4.6m in existing debt. And it may pay out another $700k in 12 months, if performance targets are met.
MINX brings revenues of $26m to the table and a sheaf of awards from Cisco. Founder and MD John Pepper will take charge of Insight UK's new networking solutions team, which consists of MINX - as was - and a smaller group who already work at Insight.
Press release [1]. ®