Carousel Acquires Source Inc., Enhances Presence in Southwest

PRESS RELEASE — EXETER, R.I., June 27, 2016 /PRNewswire/ — Carousel Industries, a leader in communication and network technologies, professional and managed services, and cloud solutions, today announced it has acquired Dallas-based SOURCE, Inc., a provider of unified communications, asset management, and inventory logistics solutions and services. Terms of the agreement were not disclosed.

Founded in 1971 and with customers located nationwide, SOURCE brings to Carousel a unique blend of proven capabilities and expertise in asset management and logistics, technology refurbishment and repair, as well as disaster recovery, e911 implementation, and IT services. The company is the 15^th largest Avaya dealer in the U.S. and has more than 10,000 successful customer installations.{ad}

More than 100 SOURCE employees, including president Bryan Davis, join Carousel effective immediately. The acquisition gives Carousel an enhanced presence in the Southwestern U.S., including SOURCE corporate headquarters, a 250,000 square foot, ISO:9001-certified distribution and repair facility–replete with a patented barcoding system – in Dallas, and sales offices in both Texas and Missouri.

“Thanks to the rapid adoption of wireless devices, unified communications has become one of the most dynamic segments of the overall IT industry. Through the SOURCE acquisition, Carousel continues to strengthen its delivery and integration of voice and data solutions to meet a nearly insatiable demand we are seeing from customers,” said Jeff Gardner, CEO, Carousel. “SOURCE has earned a sterling reputation from both technology partners and clients as a nimble, customer-focused firm, and we are pleased to add their strong and respected management team, deep customer base and a new capability in inventory logistics.”

“SOURCE delivers tremendous value to clients by extending the lifecycle of their existing assets, while creating a transformative bridge to future communications and computing solutions,” said Jim Marsh, Carousel’s Chief Revenue Officer. “This unique value–combined with Carousel’s already-strong expertise in Avaya solutions and other major platforms–expands our ability to service our customers and their future needs. We are thrilled to add SOURCE to the team, and we look forward to going to market together.”

“Right now we’re witnessing a massive shift in how our clients adopt omni-channel communications across multiple platforms,” said Davis. “By joining Carousel, SOURCE will be better able to deliver the optimal applications, systems, and platforms customers require to navigate through these dynamic transformations and achieve their desired outcomes.”

About SOURCE, Inc.
Headquartered in Dallas, SOURCE provides enterprise-level unified communications solutions and services including voice, video, and data from Avaya, Microsoft, Cisco and an expansive selection of partners. These partnerships allow SOURCE to offer a comprehensive blend of service and products including maintenance services, implementation, project management, managed services, virtualization, inventory logistics and wireless solutions. Since its founding in 1971, SOURCE has taken a consultative approach to delivering communication solutions to its customers to create value as a trusted business partner in the communications eco-system through the integration of people, technology and systems. Find SOURCE online: www.source.com, on Facebook and Twitter.

About Carousel Industries
Carousel Industries is a recognized leader in helping organizations evolve the way they communicate and orchestrate the flow of information throughout their networks. Carousel enables clients to connect and collaborate the way modern IT users demand and advance from their current network infrastructure to meet tomorrow’s standards. With deep expertise across a vast portfolio of communication, network, and security technologies, Carousel is able to design, implement, and support solutions tailored to meet the unique needs of each customer. By offering professional and managed services with flexible deployments in the cloud, Carousel ensures clients achieve agility and utilize technologies in the way most effective for their business.

Since 1992 Carousel has grown by an average of 30 percent annually and today has more than 6,000 customers, including 35 of the Fortune 100. The company has been widely recognized by multiple leading industry publications and consortiums as a top technology partner, managed service provider, and cloud solution provider. It has made the Inc. 500/5000 list of the fastest-growing privately-held companies in the U.S. seven times overall. Headquartered in Exeter, RI, Carousel has more than 1,000 employees working in 23 locations across the U.S.