Insight Enterprises

Insight Enterprises
Public
Traded as NASDAQ: NSIT
Industry
  • IT Solutions
  • Business to Business
  • Commercial & Public Sector
  • IT Solutions Provider
Founded 1988 by Eric Crown & Tim Crown
Headquarters Tempe, Arizona, United States
Area served
 Worldwide
Key people
  • Ken Lamneck (CEO)
  • Glynis Bryan (CFO)
  • Michael Guggemos (CIO)
  • Steve Dodenhoff
  • (President U.S.)
  • Wolfgang Ebermann
  • (President EMEA)
Products
  • Data center
  • Devices
  • Servers
  • Software
  • Licensing
  • Power
  • Storage
  • IT Services
Revenue $5.5 billion (2016)[1]
Number of employees
 5,700 (2016)
Subsidiaries BlueMetal, Datalink, Ignia
Website www.insight.com

Insight Enterprises Inc. is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology (IT) capabilities for enterprises.[2] The company is listed on the Fortune 500[3] and has offices in 22 countries with operations in 200 countries and territories.[4]

History

Early years

Hard Drives International was founded in 1988 by Eric and Tim Crown. Initially a mail order business selling computer storage, the company expanded into a storefront when credit card companies wouldn't service startup mail order firms. In 1991, the company changed its name to Insight Enterprises, and distribution included a full line of computers and accessories.[5] The company held its initial public offering in January 1995.[6][7]

Insight became an international company when it acquired TC Computers, based in Montreal, Canada, in 1997. In April 1998, Insight signed an agreement to acquire Choice Peripherals Ltd. and Plusnet Technologies Ltd., an Internet service provider and website hosting and development company operating as Force 9.[8] The acquisition expanded Insight's operations to Europe.[5]

2000-2010

Insight acquired Action Computer Supplies Holdings PLC, a U.K.-based direct marketer, in October 2001 for approximately $150 million in stock.[9][10] In April 2002, the company acquired Comark for $150 million, increasing Insight's ability to work with clients of all sizes, including the public sector.[9]

In July 2006, Insight entered an agreement to purchase Software Spectrum, a company that focused on software and mobility products for medium and large companies, from Level 3 Communications for $287 million.[11]

Calence LLC, a technology company that focused on Cisco networking and advanced communications, was acquired by Insight in April 2008 for $125 million.[12] Insight acquired U.K.-based Minx Ltd., a European network integrator with Cisco Gold Partner accreditation, in July 2008 for $1.5 million and the assumption of $4.6 million of existing debt.[13][14]

2011-present

Ensynch, an information technology company founded in 2000, was acquired by Insight in September 2011.[15][16] Insight acquired Inmac Gmbh, a business-to-business hardware reseller based in Germany, in February 2012.[17]

In June 2015, Insight underwent a corporate rebranding which aimed to emphasize the company focus on customer relations and interaction.[2][18] The company launched a new website in July 2015 as part of the shift in company focus.[18] In October 2015, Insight acquired BlueMetal, an interactive design and technology architecture firm based in Boston.[19] Also in 2015, Insight raised $200,000 in its annual campaign for its Noble Cause division. Through Noble Cause, Insight gives to local charities including the Make-a-Wish Foundation, the Boys & Girls Clubs of America and the Ronald McDonald House.[20] In 2016, BlueMetal partnered with INDYCAR, the Indianapolis Motor Speedway and Microsoft to produce an analytics focused app during the Indianapolis 500.[21] Insight opened an additional sales center at the Meadows Office and Technological Park in Conway, Arkansas in August 2016.[22] Insight announced the acquisition of Ignia, an Australian-based business technology consulting company, in September 2016.[23]

On November 7, 2016 Insight Enterprises announced that they were acquiring the Eden Prairie, Minnesota-based data storage company, Datalink for $11.25 per share in cash, but that the company would remain mostly the same.[24] The $258 million deal closed in the first quarter of 2017 and allowed Insight Enterprises to enhance its data center services.[25][26]

Awards

In 2013, Insight received the Transformational Licensing Solution Partner of the Year award from Microsoft.[27] Company founders Eric and Tim Crown were awarded the OneNeck IT Services People's Choice Lifetime Achievement Award from Avnet Inc. at the November 2013 Arizona Governor's Celebration of Innovation Awards.[28] The company was featured on the InformationWeek 500 list in 2013[29] and received the Cisco Global Architectural Excellence-Enterprise Networks Award in 2014.

Insight was featured on the Fortune 500 list for its seventh year in 2015.[3] That year it was also recognized as Dell's National Solution Providers of the Year.[30]

References

  1. ↑ "Insight Enterprises, Inc.". United States Securities and Exchange Commission. December 31, 2016. Retrieved April 8, 2017.
  2. 1 2 Michael Cusanelli (2 June 2015). "Insight Enterprises Rebrand Reflects Emphasis on ‘Intelligent Technology’". The Var Guy. Retrieved 18 April 2016.
  3. 1 2 "Insight Enterprises". Fortune. Retrieved 18 April 2016.
  4. ↑ "Insight Enterprises, Inc. (NSIT) Upgraded to Buy at Zacks Investment Research". American Banking and Market News. January 31, 2016.
  5. 1 2 William P. Barrett (24 August 1998). "The Internet doesn't know borders". Forbes. Retrieved 18 April 2016.
  6. ↑ "Insight Enterprises Inc. reports earnings for 4th qtr to Jun 30". The New York Times. 19 August 1995. Retrieved 18 April 2016.
  7. ↑ "Offerings This Week". The New York Times. 23 January 1995. Retrieved 18 April 2016.
  8. ↑ "Insight Acquires Choice Peripherals in U.K.". internetnews.com. 1998-04-07. Retrieved 2015-08-06.
  9. 1 2 "Insight Acquires Comark for $150 Million". crn.com. 2002-04-25. Retrieved 2015-08-06.
  10. ↑ "Company News; Insight Enterprises to Add Action Computer". nytimes.com. 1999-05-11. Retrieved 2015-08-06.
  11. ↑ Scott Campbell (2006-07-20). "Insight Enterprises To Acquire Software Spectrum From Level 3 - Page: 1". Crn.com. Retrieved 2015-06-04.
  12. ↑ "Insight Enterprises completes $125M acquisition of Calence LLC". Bizjournals.com. 2008-04-01. Retrieved 2015-06-04.
  13. ↑ "Insight Enterprises (NSIT) Acquires MINX Limited". Street Insider. 10 July 2008. Retrieved 18 April 2016.
  14. ↑ Scott Campbell (11 July 2008). "Insight Buys U.K.-Based Network Integrator". CRN. Retrieved 18 April 2016.
  15. ↑ "Insight Enterprises to buy Ensynch". Phoenix Business Journal. 19 September 2011. Retrieved 18 April 2016.
  16. ↑ "Insight Enterprises (NSIT) Announces Acquisition of Tempe-based Ensynch". Street Insider. 19 September 2011. Retrieved 18 April 2016.
  17. ↑ "Insight Enterprises acquires Inmac". tmcnet.com. 2012-02-03. Retrieved 2015-08-06.
  18. 1 2 "Insight Enterprises posts increase in revenue and dip in profits, continues to hire". Phoenix Business Journal. 29 July 2015. Retrieved 18 April 2016.
  19. ↑ "Insight Enterprises buys Boston interactive design and technology architecture firm". Phoenix Business Journal. 1 October 2015. Retrieved 18 April 2016.
  20. ↑ Charlena Wynn (23 March 2015). "3.23.15 US Nonprofit News". Philanthropy Journal News. Retrieved 18 April 2016.
  21. ↑ Bradley, Tony (May 29, 2016). "Inday 500 Embraces Technology With Microsoft Azure and IoT". Forbes. Retrieved July 2, 2016.
  22. ↑ "Insight US Opening Sales Center In Conway, Adding 50 Jobs". UALR NPR. August 2, 2016. Retrieved August 18, 2016.
  23. ↑ Kieran, Steven (1 September 2016). "Insight acquires Ignia in major Microsoft merger". CRN.
  24. ↑ "Datalink Corp. will be Acquired For $258 Million by Insight Enterprises". StarTribune. 7 November 2016. Retrieved 14 March 2017.
  25. ↑ Novinson, Michael (7 November 2016). "Data Center Blockbuster: Insight to Buy Datalink For $258 Million". CRN. Retrieved 14 March 2017.
  26. ↑ Novinson, Michael (5 January 2017). "Datalink Shareholders Approve The Sale of Company to Insight Enterprises". CRN. Retrieved 14 March 2017.
  27. ↑ "Sales PR". microsoft.com. 2013-07-27. Retrieved 2015-08-06.
  28. ↑ Tishin Donkersley (6 November 2013). "Crown brothers, co-founders of Insight Enterprises, to receive Lifetime Achievement Award at 2013 Governor’s Celebration of Innovation". AZ Tech Beat. Retrieved 18 April 2016.
  29. ↑ "InformationWeek 500". InformationWeek. Retrieved 18 April 2016.
  30. ↑ "Wining with Dell PartnerDirect". Dell. Retrieved 18 April 2016.
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