Company:Insight Enterprises

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Short description: Global technology provider
Insight Enterprises
TypePublic
NASDAQ: NSIT
S&P 600 Component
Founded1988 by Eric Crown & Tim Crown
Headquarters
Tempe, Arizona
,
United States
Area served
Worldwide
Key people
  • Joyce Mullen (CEO & President)
  • Glynis Bryan (CFO)
  • Sumana Nallapati (CIO)
  • Emma de Sousa
  • (President EMEA)
Products
  • Data center
  • Devices
  • Servers
  • Software
  • Licensing
  • Power
  • Storage
  • IT Services
Revenue$8.39 billion (2020)[1]
Number of employees
11,000 [2] (2017)
SubsidiariesBlueMetal, Ignia, Datalink, Caase.com, Cardinal Solutions, PCM

Insight Enterprises Inc. is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology (IT) for enterprises.[3] The company is listed on the Fortune 500 [2] and has offices in 19 countries.

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.[4] The company held its initial public offering in January 1995.[5][6]

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.[7] The acquisition expanded Insight's operations to Europe.[4]

2000-2010

Insight acquired Action Computer Supplies Holdings PLC, a U.K.-based direct marketer, in October 2001 for approximately $150 million in stock.[8][9] 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.[8]

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.[10]

Calence LLC, a technology company that focused on Cisco networking and advanced communications, was acquired by Insight in April 2008 for $125 million.[11] 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.[12][13]

During these years, there have been a number of companies founded by Insight employees, such as ComputerSupport.com.[citation needed]

2011-present

Ensynch, an information technology company founded in 2000, was acquired by Insight in September 2011.[14][15] Insight acquired Inmac Gmbh, a business-to-business hardware reseller based in Germany, in February 2012.[16]

In June 2015, Insight underwent a corporate rebranding.[3][17] The company launched a new website in July 2015 as part of the shift in company focus.[17] In October 2015, Insight acquired BlueMetal, an interactive design and technology architecture firm based in Boston.[18] 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.[19] In 2016, BlueMetal partnered with INDYCAR, the Indianapolis Motor Speedway and Microsoft to produce an analytics focused app during the Indianapolis 500.[20] Insight opened an additional sales center at the Meadows Office and Technological Park in Conway, Arkansas in August 2016.[21] Insight announced the acquisition of Ignia, an Australian-based business technology consulting company, in September 2016.[22]

In November 2016, Insight Enterprises announced that they were acquiring the Eden Prairie, Minnesota-based data center services and solutions company, Datalink for $11.25 per share in cash, but that the company would remain mostly the same.[23] The $258 million deal closed in the first quarter of 2017 and allowed Insight Enterprises to enhance its data center services.[24][25]

In 2017, Insight announced the acquisition of Dutch cloud service provider Caase.com.[26]

In August 2019, Insight Enterprises announced the acquisition of PCM, Inc., a provider of IT products and services, expanding Insight’s operations in the US, Canada and the UK.[27]

References

  1. ↑ "Insight reports record sales of $6.7 billion, hiring 100 people". Phoenix Business Journal. February 14, 2018. https://www.bizjournals.com/phoenix/news/2018/02/14/insight-reports-record-sales-of-6-7-billion-hiring.html. 
  2. ↑ 2.0 2.1 "Insight Enterprises". http://fortune.com/fortune500/insight-enterprises/. 
  3. ↑ 3.0 3.1 Michael Cusanelli (2 June 2015). "Insight Enterprises Rebrand Reflects Emphasis on 'Intelligent Technology'". The Var Guy. http://thevarguy.com/var-guy/060215/insight-enterprises-rebrand-reflects-emphasis-intelligent-technology. 
  4. ↑ 4.0 4.1 William P. Barrett (24 August 1998). "The Internet doesn't know borders". Forbes. https://www.forbes.com/global/1998/0824/0110078a.html. 
  5. ↑ "Insight Enterprises Inc. reports earnings for 4th qtr to Jun 30". The New York Times. 19 August 1995. https://www.nytimes.com/1995/08/19/business/insight-enterprises-inc-reports-earnings-for-4th-qtr-to-jun-30.html. 
  6. ↑ "Offerings This Week". The New York Times. 23 January 1995. https://www.nytimes.com/1995/01/23/business/offerings-this-week.html. 
  7. ↑ "Insight Acquires Choice Peripherals in U.K.". internetnews.com. 1998-04-07. http://www.internetnews.com/bus-news/article.php/36111/Insight+Acquires+Choice+Peripherals+in+UK.htm. 
  8. ↑ 8.0 8.1 "Insight Acquires Comark for $150 Million". crn.com. 2002-04-25. http://www.crn.com/news/channel-programs/18837829/insight-acquires-comark-for-150-million.htm. 
  9. ↑ "Company News; Insight Enterprises to Add Action Computer". The New York Times. 1999-05-11. https://www.nytimes.com/1999/05/11/business/company-news-insight-enterprises-to-add-action-computer.html?ref=topics. 
  10. ↑ Scott Campbell (2006-07-20). "Insight Enterprises To Acquire Software Spectrum From Level 3". Crn.com. p. 1. http://www.crn.com/news/channel-programs/190900479/insight-enterprises-to-acquire-software-spectrum-from-level-3.htm. 
  11. ↑ "Insight Enterprises completes $125M acquisition of Calence LLC". Bizjournals.com. 2008-04-01. http://www.bizjournals.com/phoenix/stories/2008/03/31/daily38.html. 
  12. ↑ "Insight Enterprises (NSIT) Acquires MINX Limited". Street Insider. 10 July 2008. http://www.streetinsider.com/Mergers+and+Acquisitions/Insight+Enterprises+(NSIT)+Acquires+MINX+Limited/3812222.html. 
  13. ↑ Scott Campbell (11 July 2008). "Insight Buys U.K.-Based Network Integrator". CRN. http://www.crn.com/news/channel-programs/208808591/insight-buys-u-k-based-network-integrator.htm. 
  14. ↑ "Insight Enterprises to buy Ensynch". Phoenix Business Journal. 19 September 2011. http://www.bizjournals.com/phoenix/news/2011/09/19/insight-enterprises-to-buy-ensynch.html. 
  15. ↑ "Insight Enterprises (NSIT) Announces Acquisition of Tempe-based Ensynch". Street Insider. 19 September 2011. http://www.streetinsider.com/Mergers+and+Acquisitions/Insight+Enterprises+(NSIT)+Announces+Acquisition+of+Tempe-based+Ensynch/6796203.html. 
  16. ↑ "Insight Enterprises acquires Inmac". tmcnet.com. 2012-02-03. http://financial.tmcnet.com/news/2012/02/03/6097340.htm. 
  17. ↑ 17.0 17.1 "Insight Enterprises posts increase in revenue and dip in profits, continues to hire". Phoenix Business Journal. 29 July 2015. http://www.bizjournals.com/phoenix/blog/techflash/2015/07/insight-enterprises-sees-increase-in-revenue-dip.html. 
  18. ↑ "Insight Enterprises buys Boston interactive design and technology architecture firm". Phoenix Business Journal. 1 October 2015. http://www.bizjournals.com/phoenix/blog/techflash/2015/10/insight-enterprises-buys-boston-interactive-design.html. 
  19. ↑ Charlena Wynn (23 March 2015). "3.23.15 US Nonprofit News". Philanthropy Journal News. http://pj.news.chass.ncsu.edu/2015/03/23/3-23-15-us-nonprofit-news/. 
  20. ↑ Bradley, Tony (May 29, 2016). "Inday 500 Embraces Technology With Microsoft Azure and IoT". Forbes. https://www.forbes.com/sites/tonybradley/2016/05/29/indy-500-embraces-technology-with-microsoft-azure-and-iot/#7c13946b7e69. 
  21. ↑ "Insight US Opening Sales Center In Conway, Adding 50 Jobs". UALR NPR. August 2, 2016. http://ualrpublicradio.org/post/insight-us-opening-sales-center-conway-adding-50-jobs#stream/0. 
  22. ↑ Kieran, Steven (1 September 2016). "Insight acquires Ignia in major Microsoft merger". CRN. http://www.crn.com.au/news/insight-acquires-ignia-massive-microsoft-merger-435833. 
  23. ↑ "Datalink Corp. will be Acquired For $258 Million by Insight Enterprises". StarTribune. 7 November 2016. http://www.startribune.com/datalink-corp-will-be-acquired-for-236-million-by-insight-enterprises/400276601/. 
  24. ↑ Novinson, Michael (7 November 2016). "Data Center Blockbuster: Insight to Buy Datalink For $258 Million". CRN. http://www.crn.com/news/channel-programs/300082730/data-center-blockbuster-insight-to-buy-datalink-for-258m.htm. 
  25. ↑ Novinson, Michael (5 January 2017). "Datalink Shareholders Approve The Sale of Company to Insight Enterprises". CRN. http://www.crn.com/news/channel-programs/300083322/datalink-shareholders-approve-the-sale-of-company-to-insight-enterprises.htm/pgno/0/1. 
  26. ↑ "Web Hosting News – Technology Solutions Provider Insight Acquires Dutch Cloud Company Caase.com". http://www.hostsearch.com/news/technology-solutions-provider-insight-acquires-dutch-cloud-company-caasecom.asp. 
  27. ↑ Burke, Steven (2019-06-24). "Channel Blockbuster: Insight Acquires PCM". https://www.crn.com/news/channel-programs/channel-blockbuster-insight-acquires-pcm. 



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