# mindSHIFT Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mindshift-technologies

- Industry: IT Infrastructure
- Headquarters: Waltham, US
- Website: www.mindshift.com
- Total disclosed funding: $32M
- Latest round: Series D (Aug 29, 2007)
- Investors on record: 3

## About

mindSHIFT Technologies, Inc. is a leading provider of Cloud and IT Services, focusing on streamlining workflows and enhancing IT infrastructures for businesses. The company specializes in managed IT services and cybersecurity solutions.Founded in 1999 and headquartered in Waltham, US, mindSHIFT Technologies, Inc. provides IT solutions that support business operations. The company has undergone strategic shifts to focus on cloud services and managed IT offerings. It was acquired by Best Buy Co., Inc. in November 2011 for USD 167 mn, marking its transition to a larger corporate structure. The founder's background details are not publicly available.mindSHIFT Technologies, Inc. offers a comprehensive suite of Cloud & IT Services, which includes managed IT services, public, private, and hybrid cloud solutions, cybersecurity measures, and advanced print technology. Their services cater to a wide range of clients, including commercial enterprises, educational institutions, and government entities, addressing their needs for operational efficiency and data management across North America and select international markets.mindSHIFT Technologies, Inc. generates revenue through managed services contracts, subscription-based cloud services, and direct sales of printing technology and software. Their business-to-business transactions foster long-term partnerships with clients, allowing for streamlined billing and predictable revenue streams. The integrated pricing structure reflects the value of their comprehensive IT solutions, tailored to enhance performance and security for client organizations.Looking ahead, mindSHIFT Technologies, Inc. aims to innovate its product offerings, although specific upcoming products and their launch dates have not been detailed. The company plans to expand its operations into additional geographic markets, targeting areas that align with its growth strategy. The recent acquisition by Best Buy Co., Inc. for USD 167 mn will likely enhance resources for these initiatives, enabling the company to strengthen its service capabilities and market reach.

## Funding rounds

- Series D, Aug 29, 2007, $14M — Columbia Capital, Jacana Partners, TDF Ventures
- Series C, Jul 6, 2006, $18M — Columbia Capital, Jacana Partners, TDF Ventures

## Investors

- Columbia Capital (https://capitalatlas.ai/funds/columbia-capital) — Series C, Series D
- Jacana Partners (https://capitalatlas.ai/funds/jacana-partners) — Series C, Series D
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Series C, Series D