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ScanSource, Inc. (NASDAQ: SCSC) stands as a prominent global provider of advanced technology products and solutions. The company specializes in a wide array of sectors including point-of-sale, barcode, physical security, video, voice, data networking, and comprehensive technology services. Since its foundation in 1992, ScanSource has been dedicated to delivering exceptional value-added solutions, tailored to meet the intricate needs of businesses across diverse vertical markets in North America, Latin America, and Europe.
Operating from two main segments—Worldwide Barcode & Security and World Communications & Services—ScanSource ensures optimal support for its resellers and sales partners. The Worldwide Barcode & Security segment encompasses the company's expertise in mobility, barcode, POS, payments, security, and networking technologies. The World Communications & Services segment, strengthened by the acquisition of Intelisys in August 2016, pioneers in the recurring revenue telecom and cloud services market, positioning ScanSource as a leader in technology services distribution.
Headquartered in Greenville, South Carolina, ScanSource prides itself on fostering a collaborative and innovative work environment, recognized as one of the Best Places to Work in South Carolina in 2016. The company's commitment to excellence is further evidenced by its rank at #685 on the Fortune 1000 list.
Financially, ScanSource generates a significant portion of its revenue from the United States, primarily from its Specialty Technology Solutions segment. The company's strategic partnerships and robust service offerings enable it to maintain a competitive edge in the specialty technology markets.
For more detailed and up-to-date information about ScanSource, including their latest achievements and ongoing projects, please visit their official website at www.scansource.com.
ScanSource (NASDAQ: SCSC) has launched its Integrated Solutions and Services (ISS) group, aimed at enhancing value for hardware value-added resellers (VARs). As part of this initiative, ScanSource has acquired Advantix, a managed connectivity experience provider specializing in wireless enablement solutions. This acquisition allows ScanSource hardware VARs to combine connectivity with hardware, software, and services, enabling complete hybrid solutions and increased margins.
Ansley Hoke, a 22-year ScanSource veteran, has been appointed SVP of ISS. Natasha Royer Coons and Nathan Brown will serve as Co-Presidents of Advantix, now a ScanSource company. The acquisition, completed on August 15, 2024, aims to help partners add recurring revenue to their practice and deepen relationships with end users.
ScanSource, a leading hybrid distributor, has acquired Resourcive, a technology advisor specializing in strategic IT sourcing solutions for mid-market and enterprise clients. This acquisition aims to establish a new Channel Advisory business, separate from ScanSource's Intelisys division. Resourcive, founded in 2001, serves over 300 customers across various technology sectors, including cloud, IoT, and communications. The Resourcive team will report to Mark Morgan, who has been appointed President of ScanSource Channel Advisors. The acquisition closed on August 8, 2024, and financial terms were not disclosed.
ScanSource (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, has announced plans to release its fourth quarter and fiscal year 2024 results on Tuesday, August 27, 2024 at approximately 8:30 a.m. ET. The company will host an earnings conference call on the same day at 10:30 a.m. ET to discuss the results. Investors can access the call via a live Internet webcast in the Investor Relations section of ScanSource's website. A replay of the webcast will be available on the company's website for 60 days following the call.
Intelisys, a ScanSource company and a leader in technology services, has appointed Ken Mills as its new president. Mills, who brings nearly 25 years of leadership experience from companies like Dell Technologies and Cisco, aims to drive sustainable growth for Intelisys, its partners, and suppliers. Previously CEO of Epic iO Technologies, Mills boosted revenue and shareholder value and developed partner-focused platforms. His expertise in AI, IoT, and 5G aligns with Intelisys' strategic goals. Mills will report to Mike Baur, Chair and CEO of ScanSource, and is expected to enhance the company's vision and team leadership.
ScanSource, Inc. (NASDAQ: SCSC) reported its third-quarter results with a decrease in net sales, gross profit, operating income, and net income compared to the previous year. The company highlighted strong margins and free cash flow despite lower hardware sales. Specialty Technology Solutions and Modern Communications & Cloud segments experienced a decline in net sales. However, Intelisys net sales increased. The company announced a new $100 million share purchase authorization. The updated annual financial outlook for fiscal year 2024 includes a decrease in net sales, adjusted EBITDA, and free cash flow expectations.
Intelisys, a ScanSource company, announced the appointment of Eddie Acosta as Vice President of Sales, Central Region. Acosta brings over 20 years of experience in cloud-based technology services. His role involves leading the central region sales team and driving strategy, account management, and business development.
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