Insight Buys U.K.-Based Network Integrator

Insight, based in Tempe, Ariz., will pay $1.5 million for Minx and assume about $4.6 million of existing debt, according to Insight. The price could include an additional $700,000, based on performance targets over a one-year period.

Minx, a $26 million networking infrastructure specialist based in Elstree, Hertfordshire, U.K., will become part of Insight Direct Ltd., Insight's operations in the United Kingdom. It will complement Insight's previous acquisition of Calence, a Tempe-based networking services company, according to Insight.

John Pepper, managing director and founder of Minx, will lead the newly formed Insight Networking Solutions team, which combines the smaller existing Insight team and the Minx team.

"We believe the combination of these two successful companies will create exciting opportunities for our teammates, clients and partners as well as for the shareholders of Insight," Pepper said in a statement.