Insight expects to achieve approximately
"The data center is at the core of our clients' strategic investments. With the increasing number of options from converged to hyper-converged solutions as well as hybrid cloud options, the landscape has become more complex and clients are looking for help as they evaluate alternatives. The acquisition of
"The strength of Datalink's world-class data center capabilities combined with Insight's scale and breadth of offerings will bolster our ability to deliver solutions for complex business problems across an expanded footprint of clients. This combination gives our team significant new opportunities to help more organizations elevate and transform their IT," said Shawn O'Grady, Chief Operating Officer of
The combination of the two organizations brings a full complement of end-to-end technology solutions in supply chain, application and data center architecture, implementation and managed solutions. "Our clients, partners and teammates will experience exciting opportunities for growth and development as a result of this acquisition," said
"Our decision to join forces with Insight is based on our shared commitment to deliver best in class technology, operations and services to meet our clients' need for IT transformation. Our enterprise solutions platform, sophisticated offerings, talented professionals and our client base will bring a rich dimension to the Insight organization," said
Terms and Financing
The transaction is subject to certain closing conditions, including regulatory approvals and approval of Datalink's shareholders, and is expected to close in the first quarter of 2017.
Insight intends to finance the transaction through a combination of cash on hand and borrowings under its existing revolving credit facilities.
Insight will host a conference call and webcast today,
The live conference call is available by dialing (877) 402-8904 from the
A replay of the conference call will be available for a limited time beginning approximately one hour after completion of the conference call and can be accessed via the Insight website at http://nsit.client.shareholder.com/index.cfm.
Forward Looking Statements
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this communication may constitute "forward-looking statements." Forward-looking statements can usually be identified by the use of words such as "aim," "anticipate," "believe," "continue," "could," "estimate," "evolve," "expect," "forecast," "intend," "looking ahead," "may," "opinion," "plan," "possible," "potential," "project," "should," "will" and other expressions which indicate future events or trends.
These forward-looking statements are based upon certain expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors, including the following: Datalink's shareholders may not approve the transaction; conditions to the closing of the transaction, including receipt of required regulatory approvals, may not be satisfied; the transaction may involve unexpected costs, liabilities or delays; the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected time frames or at all and to successfully integrate Datalink's operations into those of Insight; such integration may be more difficult, time consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs,
customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; uncertainties surrounding the transaction; the outcome of any legal proceedings related to the transaction;
All forward-looking statements are qualified by, and should be considered in conjunction with, such cautionary statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which such statements were made. Except as required by applicable law, neither Insight nor
Additional Information and Where to Find It
In connection with the transaction,
Participants in the Solicitation
Datalink is a complete IT services and solutions provider that helps companies transform their technology, operations, and service delivery to meet business challenges. Combining extensive experience, a full lifecycle of services and a comprehensive approach to producing IT innovations that empower positive business outcomes, Datalink delivers success across cloud IT transformation, next generation technology, and security. For more information, call 800.448.6314 or visit www.datalink.com.
From business and government organizations to healthcare and educational institutions, Insight empowers clients with "Intelligent Technology™" solutions to realize their goals. As a Fortune 500-ranked global provider of hardware, software, cloud and service solutions, our 5,700 teammates provide clients the guidance and expertise needed to select, implement and manage complex technology solutions to drive business outcomes. Through our world-class people, partnerships, services and delivery solutions, we help businesses run smarter. Discover more at insight.com . NSIT-F
INSIGHT CONTACTS: INVESTORS:
HELEN JOHNSON Insight EnterprisesTEL. (480) 333-3234 EMAIL: HELEN.JOHNSON@INSIGHT.COM MEDIA: AMY PROTEXTER Insight EnterprisesTEL. (480) 409-6710 EMAIL: AMY.PROTEXTER@INSIGHT.COM ARIEL KOUVARAS Sloane & CompanyTEL. (212) 446-1884 EMAIL: firstname.lastname@example.org DATALINK CONTACTS: INVESTORS: GREG BARNUM Datalink CorporationTEL. (952) 279-4816 EMAIL: Gbarnum@Datalink.Com MEDIA: MATT SULLIVANPadilla CRT TEL. (612) 455-1709 EMAIL: MATT.SULLIVAN@PADILLACRT.COM
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