Insight Enterprises has snapped up six-time Google Cloud Partner of the Year SADA for $410 million.
Insight claims the deal puts it in the same class as Accenture and Deloitte as one of Microsoft and Google’s three biggest cloud players.
Insight said the additional earnout for SADA owners has a target of $210 million based on SADA’s three-year performance after the close of the acquisition. Insight expects the deal to add 20 to 30 cents per share to its adjusted earnings per share in December 2023 and 55 to 75 cents per share in 2024.
SADA delivered net revenue of $251 million in 2022 and gross profit of $200 million.
SADA has Google Cloud specialisations, including security, infrastructure, cloud migration, data analytics, application development, location intelligence and machine learning. Insight has 22 Microsoft specialisations.
Insight said the deal extends its AI capabilities across two leading generative AI platforms.
