10.07.2008 21:15:00

Insight Acquires MINX, Ltd - Accelerating Expansion of Technology Solutions Capabilities

Insight Enterprises, Inc. (NASDAQ: NSIT) ("Insight” or the "Company”) today announced that it has acquired MINX Limited, a small UK-based European Network Integrator with Cisco Gold Partner accreditation for an initial cash purchase price of approximately $1.5 million and the assumption of approximately $4.6 million of existing debt. Up to an additional $0.7 million may be due if MINX achieves certain performance targets over a one year period. The transaction is expected to be accretive to earnings on an annualized basis. This acquisition is consistent with Insight’s evolution to a broad-based technology solutions advisor and provider in the UK. MINX will become part of the operation of Insight Direct (UK) Ltd and will significantly enhance Insight UK’s capabilities in the sale, implementation and management of network infrastructure services and solutions. This acquisition will complement Insight’s acquisition of Calence, a North American networking services company, which closed on April 1st and supports the Company’s global networking solutions strategy. Founded in 2002 and headquartered in Elstree, Hertfordshire, MINX is a leading provider of business-to-business network technology with awards such as Cisco Global, European and UK Partner of the Year 2007/8 and net sales of approximately $26 million. "We are extremely excited about the acquisition of MINX. 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,” commented Stuart Fenton, President of Insight EMEA. "Their capabilities take Insight UK into a different competitive landscape within the UK.” John Pepper, Managing Director and founder of MINX, said, "We are thrilled to be joining forces with Insight. 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. We believe the combination of these two successful companies will create exciting opportunities for our teammates, clients and partners as well as for the shareholders of Insight.” John Pepper, reporting to Angelo Di-Ventura, Managing Director and Senior Vice President of Insight UK, will lead the newly formed Insight Networking Solutions team, which will combine the smaller existing Insight team into the highly accredited and highly skilled MINX team. Forwarding-Looking Information Certain statements in this release and the related conference call and Webcast are "forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including our estimated diluted earnings per share for 2008, are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statement. Some of the important factors that could cause our actual results to differ materially from those projected in any forward-looking statements, include, but are not limited to, the following, which are discussed in "Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2007: changes in the information technology industry and/or the economic environment; our reliance on partners for product availability, marketing funds, purchasing incentives and competitive products to sell; disruptions in our information technology systems and voice and data networks, including the system upgrade and the migration of acquired businesses to our information technology systems and voice and data networks; the integration and operation of acquired businesses, including our ability to achieve expected benefits of the acquisitions; actions of our competitors, including manufacturers and publishers of products we sell; the informal inquiry from the Securities and Exchange Commission ("SEC”) and stockholder litigation related to our historical stock option granting practices and the related restatement of our consolidated financial statements; the risks associated with international operations; seasonal changes in demand for sales of software licenses; increased debt and interest expense and lower availability on our financing facilities and changes in the overall capital markets that could increase our borrowing costs or reduce future availability of financing; exposure to currency exchange risks and volatility in the U.S. Dollar exchange rate; our dependence on key personnel; risk that purchased goodwill or amortizable intangible assets become impaired; failure to comply with the terms and conditions of our public sector contracts; rapid changes in product standards; and intellectual property infringement claims and challenges to our registered trademarks and trade names. Additionally, there may be other risks that are otherwise described from time to time in the reports that we file with the SEC. Any forward-looking statements in this release should be considered in light of various important factors, including the risks and uncertainties listed above, as well as others. We assume no obligation to update, and do not intend to update, any forward-looking statements. We do not endorse any projections regarding future performance made by third parties. About Insight Enterprises, Inc. Insight Enterprises, Inc. ("Insight” or the "Company") is a leading provider of brand-name information technology ("IT”) hardware, software and services to large enterprises, small- to medium-sized businesses and public sector institutions in North America, Europe, the Middle East, Africa and Asia-Pacific. The Company has more than 5,300 teammates worldwide and generated sales of $4.8 billion for its most recent fiscal year, which ended December 31, 2007. Insight is ranked number 477 on Fortune magazine’s 2008 ‘Fortune 500’ list. For more information, please call (480) 902-1001 in the United States or visit www.insight.com.
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