ScanSource Acquires Kingcom’s Channel Business To Sell Verizon Solutions
ScanSource, Inc. (NASDAQ: SCSC), a leading global provider of technology products and solutions, today announced that it has acquired Kingcom’s channel business assets and associated support organization to sell communication solutions through the Verizon Partner Program (VPP). The acquisition was completed through ScanSource’s subsidiary, Intelisys, a leading technology services provider of business communications and cloud services.
Kingcom is a VPP Platinum member and its channel business brings specialized resources and enhancements for Intelisys sales partners to sell Verizon services to their customers. This acquisition creates a direct supplier relationship between ScanSource and Verizon, and enables Intelisys to add highly qualified Verizon-focused resources to support its customers.
“As Verizon continues to focus on the channel, it’s imperative our sales partners are ready and able to most effectively sell and support these services offerings,” said Jay Bradley, president of Intelisys. “We are excited about the level of support and expertise we are able to bring to our partners through our relationship with Verizon, and we look forward to the continued opportunities ahead through our investment in this relationship.”
“Kingcom has done a tremendous job in bringing Verizon’s business services to the channel,” said Janet Schijns, VP Solutions and Sales Channels for Verizon Business Markets. “We are excited about this next chapter as together we dig deeper and reinforce our commitment to the channel and to the Intelisys Sales Partner community.”
ScanSource and Intelisys will be at the Channel Partners Conference and Expo April 10 – 13th, and can be found in the ScanSource/Intelisys Lounge located in room Islander A outside of the Expo Hall.
In August 2016, ScanSource entered the recurring revenue telecom and cloud services market through its acquisition of Intelisys, an industry-leading technology services provider of business communications services, including voice, data, access, cable, collaboration, wireless and cloud. Intelisys is dedicated to serving the needs and accelerating the success of the industry's top producing telecom sales agents, IT Solution Providers, VARs, MSPs and integrators, as they leverage the power of recurring revenue in their businesses. Under contract with more than 130 of the world's leading telecom carriers, cloud services providers and technology partners, Intelisys delivers the services end users demand exclusively through a network of sales partners, supporting those sales partners via the most exceptional back office support team ever assembled in the channel. To learn more, visit www.Intelisys.com or talk to Intelisys at 800-615-8330.
Safe Harbor Statement
This press release includes forward-looking statements relating to our expectations for the acquisition of Kingcom’s channel business. Actual results may differ materially from these expectations for a range of reasons, including difficulties in integrating the acquired business, declines in demand for telecommunications and related services, the lack of customer acceptance of the change in distribution channels and the other reasons detailed under “Risk Factors” in our Form 10-K for the year ended June 30, 2016, and subsequent Form 10-Qs.
About Kingcom
Since 2002, Kingcom (www.kingcom.com) has pioneered business telecom solutions with superior service and the latest innovations in the fast moving telecom IT environment to businesses nationwide. With expertise in Technology Expense Management and Telesales, Kingcom supports its customers by helping them stay ahead of the curve with respect to the daunting telecom and IT environment. Kingcom has been an Intelisys partner since 2013.
About ScanSource, Inc.
ScanSource, Inc. (NASDAQ: SCSC) is a leading global provider of technology products and solutions, focusing on point-of-sale, barcode, physical security, video, voice, data networking and technology services. ScanSource's teams provide value-added solutions and operate from two segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services. ScanSource is committed to helping its resellers and sales partners choose, configure and deliver the industry's best solutions across almost every vertical market in North America, Latin America and Europe. Founded in 1992, the Company is headquartered in Greenville, South Carolina and was named one of the 2016 Best Places to Work in South Carolina. ScanSource ranks #685 on the Fortune 1000. For more information, visit www.scansource.com.