Insight Enterprises Acquires Microsoft Partner Hanu Software Solutions
This is technology M&A deal number 530 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
The addition of Hanu’s capabilities will complement Insight’s existing transformation expertise which includes application development, cloud infrastructure modernization, cybersecurity and artificial intelligence, according to the company.
The acquisition allows Insight to expand its global footprint and training facilities, according to the company. Hanu’s corporate headquarters are in Princeton, New Jersey and the company has four other locations spread around North America and India. Hanu provides recruitment and training in cloud technologies through its Hanu Azure Academy.
Insight Enterprises Acquires Hanu Software Solutions
Joyce Mullen, president and CEO, Insight, commented:
“The addition of Hanu expands our capacity as a leading solutions integrator. Hanu’s deep cloud expertise and proven track record of attracting and developing technical skills in India are essential to accelerating our ability to offer more cloud services to even more clients.”
Stan Lequin, president of solutions, Insight, said:
“Hanu enhances Insight’s ability to deliver cutting-edge cloud solutions at scale, with a services delivery engine provided by their center of excellence, based in India. They are a perfect fit to help Insight go faster and help our clients achieve their desired business outcomes.”
Anil Singh, CEO and co-founder, Hanu, added:
“We’re excited to bring our proven track record of implementing and fully managing every aspect of cloud transformation to Insight’s excellence in helping clients ease the complexities of digital growth. As we bring our companies together, we’re looking forward to additional capacity for our cloud business, expanded clientele and augmented India-based services delivery.”
Dave Sasson, chief strategy officer, Hanu, said:
“Cloud adoption worldwide continues to accelerate at a rapid pace, and businesses across all industries are choosing Microsoft Cloud solutions among the preferred technologies for their digital transformation. The combination of our two companies will further our strategy and commitment to providing first-class solutions built upon the Microsoft technology stack to our global customer base.”
Ernst & Young served as the exclusive financial advisor to Hanu Software Solutions in connection with the transaction. Snell & Wilmer acted as counsel to Insight, and Hanu was represented by Gibson Dunn and Trilegal.
Insight Enterprises: M&A Experience
For the last five years, the Tempe, Arizona-based Insight has been expanding with the help of strategic acquisitions. In August 2018, the company acquired another Microsoft partner, Cardinal Solutions. In late 2015 it purchased BlueMetal. In 2016 Insight acquired Australia-based Ignia. And in March 2020, the company acquired French Microsoft cloud partner vNext.
Insight was founded by two college friends in 1988. The company IPOed in 1995 and two years later it expanded into Canada and the United Kingdom. Insight has been growing steadily since, acquiring approximately one company a year for the last decade. The company now boasts more than 11,000 employees worldwide.