through a professional executive management team. He first joined Intelisys as Vice President of Marketing and Business Development in October 2002. Mr. Bradley brought 20 years of telecom sales, marketing and management experience to the company, 10 of which were spent with MCI Communications. In September 2010, Intelisys unveiled a Partner Investment Program that provides financial capital to its sales partners outside of traditional banking relationships. Financing is secured by existing, or future, commissions and loan repayment is triggered by growth milestones designed to be flexible and favorable. In May 2012, Intelisys acquired the Terrapin Solutions-owned Cloud Services Coalition, as it intensified its focus on cloud services. With the acquisition, Intelisys created the new business unit Intelisys Cloud Services and Complex Bids, which was designed to focus on supporting channel sales partners through the entire telecom and cloud sales processes, including technical, business and application discovery, solution design, project management and turnkey onsite installation and training. Sole owner of Terrapin Solutions, Andrew Pryfogle, was brought on to lead the new unit as Senior VP Cloud Transformation. In June 2012, following the acquisition of Cloud Services Coalition, Intelisys launched its education platform Intelisys Cloud Services University (iCSU), the first of its kind, designed to provide practical training to channel sales professionals on identifying, designing and selling cloud solutions. In June 2013, an alliance between distributors Intelisys and ScanSource was formed to enable ScanSource channel partners to access Intelisys' suppliers and resources necessary to successfully leverage a services-based business model, whether historically IT or telco-focused. Intelisys celebrated its 20-year anniversary in December 2014. In April 2015, the company launched a mobile app to bring its website and partner platform functionality to mobile devices in a faster, easier-to-navigate format. In March 2016, Intelisys launched Intelisys Global, the UK-based European subsidiary of Intelisys, to service and support the European Partner community. In July 2016, Intelisys Global signed Equinix as an inaugural Supplier Partner. ScanSource announced a definitive agreement to acquire Intelisys Communications, Inc. in August 2016. Under the agreement, the all-cash transaction included an initial purchase price of approximately $83.6 million, plus earn-out payments based on earnings before interest expense, taxes, depreciation and amortization (EBITDA) over the next four years. ScanSource broadened its capabilities by entering the telecom and cloud services market with the acquisition of Intelisys, and accelerated Intelisys’ ability to extend its two-tier distribution model to the ScanSource VAR community. The acquisition