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Insight Enterprises, Inc. (Nasdaq: NSIT) has appointed Alexander L. Baum as an independent director on its board. Baum is a partner at ValueAct Capital, a major investor in the company. This addition aims to enhance the board's strategic capabilities in IT and investment. Baum's expertise is expected to support Insight's transformation into a leading cloud-first technology solutions integrator. With a strong background working with notable firms like Nintendo, Microsoft, and Adobe, Baum's appointment is anticipated to positively influence Insight's future growth.
Positive
Appointment of Alexander L. Baum as independent director enhances board expertise in IT and investment.
ValueAct Capital, a significant investor, strengthens its relationship with Insight through Baum's appointment.
Baum's prior experience with successful tech investments may bring valuable insights for growth.
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None.
TEMPE, Ariz.--(BUSINESS WIRE)--
Insight Enterprises, Inc. (Nasdaq: NSIT) the global technology provider of end-to-end secure digital transformation solutions and services, (the “Company”), today announced that it named Alexander L. Baum as an independent director to its board.
Mr. Baum is a partner at the San Francisco-based, global investment firm ValueAct Capital, which is currently one of the largest investors in the Company.
“We are pleased to welcome Alexander Baum to Insight’s board,” board chairman Tim Crown said. “Adding a new member with Alexander’s deep experience in IT industry strategy and investment expertise adds to an already solid board. His experience will have a positive impact as Insight becomes an industry leading solutions integrator.”
“We are excited to deepen our relationship with Insight,” said Alexander Baum, ValueAct Partner. "ValueAct Capital tries to identify great companies with high potential for value creation. We aspire to be the shareholder of choice for their boards and management teams as they transform and grow their businesses. We believe the transformation that Insight embarked on a number of years ago in response to the changing IT landscape is underappreciated. We look forward to being a part of the next leg of Insight’s journey to become a world-class, cloud-first technology solutions integrator."
Mr. Baum is a CFA and holds a B.A. in physics from Pomona College. He joined ValueAct in 2012 and has worked on numerous ValueAct IT and technology industry investments, including Nintendo Co. LTD, Microsoft Corporation, and Adobe Systems, Inc. among others.
About Insight
Today, every business needs to be a technology business. Insight Enterprises, Inc. empowers organizations with technology, solutions and services to help our clients maximize the value of their IT today and accelerate tomorrow. As a Fortune 500-ranked global technology provider of end-to-end secure digital transformation solutions and services, we help clients innovate and optimize their operations to run smarter. Discover more at insight.com.
