Imaging solution provider ScanSource has announced its acquisition of Intelisys Communications, Inc.
The deal is valued at $83.6 million plus earn-out payments based on EBITDA (earnings before interest expense, taxes depreciation and amortization) over four years.
With the acquisition, ScanSource expands into the telecom and cloud services market. It plans to build more tools to enable recurring revenue streams.
Intelisys was founded in 1994 and based in Petaluma, California, and its management team will remain in place, the companies announced.