ePlus Acquires ABS Technology, Expanding Reach in Mid-Atlantic Region
August 26 2019 - 8:30AM
Business Wire
ePlus inc. (NASDAQ NGS: PLUS – news) today announced it has
acquired certain assets and liabilities of Innovative Technology
Systems & Solutions, Inc. (dba “ABS Technology”). The
acquisition further establishes ePlus as a leading provider of
consultative technology solutions in the region and gives it a
stronger foothold in commercial accounts, as well as in Healthcare,
Education and Government vertical industries.
ABS, a Virginia Beach-headquartered solutions provider with deep
expertise in managed services, networking, collaboration, and
security solutions, will provide a strong strategic enhancement to
ePlus’ existing solutions portfolio, which includes cloud, data
center, security, AI/emerging solutions, along with a comprehensive
set of managed, professional and staffing services.
“Adding the ABS team to the ePlus roster complements our
capabilities and puts us in a position to more effectively deliver
innovative, customized technology solutions and certified expertise
in the mid-Atlantic region,” said Mark Marron, CEO and President of
ePlus. “This acquisition also strengthens our business by adding a
solid, established customer-base across commercial accounts and
strategic markets including healthcare, education and public sector
verticals. The additional resources in this region will provide
both existing ePlus and ABS customers with superior levels of
customer service and support.”
“For almost five decades, ABS Technology has earned an excellent
reputation and deep customer relationships, which are in alignment
with ePlus’ culture and customer-centric approach,” said Hunter
Dorroh, III, CEO of ABS Technology. “Working together, we will
continue to help organizations architect, design, deploy, and
manage the leading IT solutions required to help them succeed now
and in the future.”
The acquisition closed on August 23, 2019. Terms were not
disclosed.
About ABS Technology
ABS Technology is an information technology company that
specialize in enterprise networking, date center,
communications/collaboration, and cloud solutions, managed
services, and security solutions. It holds top partner status and
certification with leading technology organization, help to assess,
engineer, integrate and manage comprehensive IT solutions for
healthcare organizations, enterprises, and state local, and
educational institutions. ABS Technology is headquartered in
Virginia Beach, VA with regional offices in Richmond, VA, and
Roanoke, VA. For additional information, visit
www.abstechnology.com.
About ePlus inc.
ePlus is a leading consultative technology solutions provider
that helps customers imagine, implement, and achieve more from
their technology. With the highest certifications from top
technology partners and lifecycle services expertise across key
areas including security, cloud, data center, collaboration,
networking and emerging technologies, ePlus transforms IT from a
cost center to a business enabler. Founded in 1990, ePlus has more
than 1,500 associates serving a diverse set of customers in the
U.S., Europe, and Asia-Pac. The Company is headquartered at 13595
Dulles Technology Drive, Herndon, VA, 20171. For more information,
visit www.eplus.com, call 888-482-1122, or email info@eplus.com.
Connect with ePlus on Facebook,
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More®.
ePlus®, Where Technology Means More®, and ePlus products
referenced herein are either registered trademarks or trademarks of
ePlus inc. in the United States and/or other countries. The names
of other companies, products, and services mentioned herein may be
the trademarks of their respective owners.
Statements in this press release that are not historical facts
may be deemed to be “forward-looking statements.” Actual and
anticipated future results may vary materially due to certain risks
and uncertainties, including, without limitation, possible adverse
effects resulting from financial market disruption and fluctuations
in foreign currency rates, and general slowdown of the U.S. economy
such as our current and potential customers delaying or reducing
technology purchases or put downward pressure on prices, increasing
credit risk associated with our customers and vendors, reduction of
vendor incentive programs, and restrictions on our access to
capital necessary to fund our operations; our ability to consummate
and integrate acquisitions; the possibility of goodwill impairment
charges in the future; significant adverse changes in, reductions
in, or losses of relationships with major customers or vendors; the
demand for and acceptance of, our products and services; our
ability to adapt our services to meet changes in market
developments; our ability to implement comprehensive plans to
achieve customer account coverage for the integration of sales
forces, cost containment, asset rationalization, systems
integration and other key strategies; our ability to reserve
adequately for credit losses; our ability to secure our electronic
and other confidential information or that of our customers or
partners; future growth rates in our core businesses; our ability
to protect our intellectual property; the impact of competition in
our markets; the possibility of defects in our products or catalog
content data; our ability to adapt to changes in the IT industry
and/or rapid change in product standards; our ability to realize
our investment in leased equipment; our ability to hire and retain
sufficient qualified personnel; and other risks or uncertainties
detailed in our reports filed with the Securities and Exchange
Commission. All information set forth in this press release is
current as of the date of this release and ePlus undertakes no duty
or obligation to update this information.
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version on businesswire.com: https://www.businesswire.com/news/home/20190826005139/en/
Kleyton Parkhurst, SVP ePlus inc. kparkhurst@eplus.com
703-984-8150
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