Insight Enterprises, Inc. acquired Hanu Software Solutions, Inc. and Hanu Software Solutions Private Ltd. for $88.3 million.
June 31, 2022
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Insight Enterprises, Inc. (NasdaqGS:NSIT) acquired Hanu Software Solutions, Inc. and Hanu Software Solutions (India) Private Ltd. on June 1, 2022. Insight's 11,500+ global teammates will be joined by Hanu's 500+ teammates in North America and India. 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 Christopher R. Harding and Abtin Jalali of Gibson, Dunn & Crutcher LLP and TriLegal Partners.
Insight Enterprises, Inc. (NasdaqGS:NSIT) completed the acquisition of Hanu Software Solutions, Inc. and Hanu Software Solutions (India) Private Ltd. for $88.3 million on June 1, 2022. Insight acquired 100% of Hanu Software Solutions, Inc. and Hanu Software Solutions (India) Private Ltd. for a preliminary cash purchase price, net of cash and cash equivalents acquired, of approximately $68.2 million, excluding the estimated fair value of an earn out with a maximum value of $20 million, hold backs for representations and warranties of approximately $8.56 million and estimates for the final working capital adjustments to be paid in future periods.
Insight Enterprises, Inc. is a technology company. The Company provides end-to-end digital transformation through a portfolio of solutions. It operates through three geographical segments: North America, Europe, Middle East, and Africa (EMEA), and Asia-Pacific (APAC). Its offerings in North America and certain countries in EMEA and APAC include hardware, software, and services, including cloud solutions. Its offerings in the remainder of its EMEA and APAC segments consist of software and certain software-related services, and cloud solutions. Its service offerings include software maintenance, vendor direct support services contracts, cloud / software-as-a-service offerings, insight delivered services, time and materials services contracts, fixed service contracts, one-call support service contracts, and third-party provided services. Its software maintenance agreements provide clients with the right to obtain any software upgrades, bug fixes and help desks and other support services.
INSIGHT ENTERPRISES, INC. 
