TEMPE, Ariz., Feb 27, 2007 (BUSINESS WIRE) -- Insight Enterprises, Inc. (Nasdaq: NSIT - News; "Insight" or the "Company") today announced that it has entered into definitive agreements to sell PC Wholesale, a division of its wholly-owned subsidiary Insight Direct USA, Inc., to SYNNEX Corporation (NYSE: SNX - News; "SYNNEX"), a global information technology ("IT") supply chain services company. Pursuant to the agreements, the Company will receive a purchase price of $10 million, plus approximately $20 million for net assets acquired, which is subject to certain post-closing adjustments. The Company expects the transition of the business to close on February 27, 2007 and the sale of the net assets to close on or about March 2, 2007.

PC Wholesale, a distributor, purchases products from IT manufacturers and sells to resellers. Net sales for 2006 totaled approximately $224 million. The Company estimates that, as a result of the sale, annual consolidated diluted earnings per share will be reduced by $0.02 to $0.06, depending on the amount of supplier reimbursements previously allocated to PC Wholesale that the Company retains as part of its ongoing operations.

"We are proud of what PC Wholesale has accomplished since it was acquired as part of an acquisition in early 2002 and are very appreciative to the PC Wholesale teammates for their hard work and commitment over the years as a part of Insight's successful history. As we look toward Insight's future, we have concluded that selling IT products to other resellers is not a core element of our growth strategy. Therefore, we are very pleased to find a company like SYNNEX that is interested in assimilating PC Wholesale's business into its own," said Richard Fennessy, President and Chief Executive Officer, Insight Enterprises, Inc. "As a result of this divestiture, Insight will be able to continue to focus more of our time and resources, and use the proceeds, to continue to grow our core business and capabilities."

Forwarding-Looking Information

Certain statements in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the estimated reduction in annual diluted earnings per share due to the sale of PC Wholesale and our ability to continue to grow our core business and capabilities. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statement. Some of the important factors that could cause our actual results to differ materially from those projected in any forward-looking statements include, but are not limited to, the following:

• changes in the information technology industry and/or the economic environment;
• our reliance on suppliers for product availability, marketing funds, purchasing incentives and competitive products to sell;
• disruptions in our information technology systems and voice and data networks, including migration of Software Spectrum to our information technology systems and voice and data networks;
• the integration and operation of Software Spectrum;
• our ability to achieve the expected benefits from the acquisition of Software Spectrum;
• actions of our competitors, including manufacturers and publishers of products we sell;
• the risks associated with international operations;
• our ability to renew or replace financing facilities;
• increased outstanding debt and interest expense and lower availability on our financing facilities;
• increased exposure to currency exchange risks;
• our dependence on key personnel;
• risk that purchased goodwill or amortizable intangible assets become impaired;
• sales of software licenses are subject to seasonal changes in demand;
• our failure to comply with the terms and conditions of our public sector contracts;
• we have very limited experience in outsourcing business functions to India;
• rapid changes in product standards;
• intellectual property infringement claims; and
• risks that are otherwise described from time to time in our Securities and Exchange Commission reports, including but not limited to the items discussed in "Factors That Could Affect Future Results" set forth in "Risk Factors" in Item 1A of our Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 as filed with the Securities and Exchange Commission.