
Updated 8:00am ET, August 8: ScanSource confirms Intelisys acquisition. Here's estimated deal valuation. Our original Aug. 7 report continues below.
ScanSource (NASDAQ: SCSC) is a $3 billion distributor focused on point-of-sale (POS), barcode, physical security, video, voice, data networking and emerging technologies.
Intelisys, which is privately held, is a technology services distributor focused on telecommunications, network and cloud services in the channel. Intelisys positions itself as a Master Agent that has moved aggressively in the cloud solutions market -- inking relationships with such cloud partners as Equinix and SADA Systems. In recent months, Intelisys has been pushing hard into the European market as well.
ChannelE2E has not directly confirmed the ScanSource-Intelisys deal with each vendor. ChannelE2E reached out to both companies for comment on Sunday, Aug. 7. We will update this article with comments if/when they arrive.
ScanSource and Intelisys: Partnership Then More
ScanSource and Intelisys have partnered since around 2013. Under terms of that relationship, ScanSource channel partners have access to Intelisys suppliers.
Once ScanSource completes the Intelisys buyout, the two businesses together intend to "create the ultimate channel company, one that seamlessly integrates technology products AND services to meet the evolving needs of customers," according to sources observing the deal.
The Intelisys brand and team team -- executives, sales directors, support staff and more -- are expected to remain in place under ScanSource's ownership, according to a source allegedly familiar with the deal. The acquisition is expected to close in the quarter ending Sept. 30, 2016, subject to various regulatory approvals, two source say.
ChannelE2E has not been able to confirm the deal's valuation, nor have we confirmed an announcement date -- though sources suggest it could come as soon as Monday, August 8, before markets open.
WANs and LANs Converge
ChannelE2E reached out to a range of sources for their thoughts on trends that may have triggered the alleged ScanSource-Intelisys deal.
