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Scansource Announces Execution Of Letter Of Intent To Acquire Kbz, A Leading Cisco Video Conferencing Distributor

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SCANSOURCE INC | ScanSource, Inc

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Title: SCANSOURCE ANNOUNCES EXECUTION OF LETTER OF INTENT TO ACQUIRE KBZ, A LEADING CISCO VIDEO CONFERENCING DISTRIBUTOR
Date: 8/18/2015
Industry: Computer Peripherals     Sector: Technology

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Exhibit 99.1

 

  

 

For Immediate Release

  

Contact:

 

Media : Melissa Andrews

August 18, 2015

  

 

864.286.4425

melissa.andrews@scansource.com

  

 

  

 

Investors : Mary Gentry

  

 

864.286.4892

  

 

mary.gentry@scansource.com

SCANSOURCE ANNOUNCES EXECUTION OF LETTER OF INTENT

TO ACQUIRE KBZ, A LEADING CISCO VIDEO CONFERENCING DISTRIBUTOR

GREENVILLE, SC – ScanSource, Inc. (NASDAQ: SCSC), the leading international value-added distributor of specialty technology products, today announced the execution of a letter of intent to purchase the assets of KBZ, an award-winning Cisco Authorized Distributor specializing in video conferencing, cloud, and services.

Founded in 1987 and based in Doylestown, Pennsylvania, KBZ operates in the United States and has approximately 75 employees. The company’s sales for the trailing twelve months ended June 30, 2015 are estimated to total over $225 million. The acquisition is expected to be accretive to earnings per share and ROIC in the first year after closing, excluding one-time acquisition costs.

KBZ, formerly Tandberg’s largest distributor prior to its 2009 acquisition by Cisco, focuses its business exclusively on Cisco and complementary vendors. KBZ provides scale, video conferencing expertise, and services success with its ZCare offering to expand ScanSource’s business with Cisco. KBZ also brings a specialized public sector team to accelerate sales to Federal, state and local governments. Like ScanSource, KBZ has a focus on providing value-added services and support for its reseller partners. Their regional alignment of sales teams provides continued interaction with resellers and Cisco sales teams. KBZ’s sole goal is to help resellers be successful in selling Cisco – they do this by empowering collaboration through a focus on business, technology and expertise. With extensive Cisco certifications, the KBZ team offers the industry’s highest level of technical expertise to resellers. KBZ was n


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