SOURCE: ePlus inc.

May 12, 2008 08:31 ET

ePlus to Expand Bay Area Presence With Acquisition of Network Architects

Complements Existing Cisco Practice and Further Strengthens Commercial Market Penetration

HERNDON, VA--(Marketwire - May 12, 2008) - ePlus inc. (PINKSHEETS: PLUS) today announced the acquisition of Network Architects, Inc., a Cisco-focused solution provider and consulting firm. The acquisition strengthens ePlus' existing footprint in the San Francisco Bay Area and improves ePlus' reach into the commercial marketplace for Cisco advanced technologies, a key strategic focus of the Company. In addition, Network Architects has highly experienced Cisco engineers with deep expertise in commercial marketplace solutions, including remote managed services solutions, systematic remote deployment and configuration, and security and network assessments.

"Network Architects was ideally suited to enhance and build upon ePlus' powerful Cisco practice in Northern California," stated Andy Shulman, ePlus' regional vice president. "Both companies have had reputations as leaders in driving Cisco's Advanced Technologies. Both Network Architects and ePlus have legacies of providing levels of service, support and expertise that exceeded the norm. Because of this common legacy and approach, I expect a rapid and successful integration that will generate immediate value to existing and prospective clients in Northern California and beyond."

"Over the past five years, we have invested heavily in developing highly valued and market-worthy commercial processes and intellectual property focused on Cisco solutions," said Sam Wong, president of Network Architects. "We sought a partner who could provide overarching infrastructure capacity, a strong sales and marketing engine, and the resources to drive Network Architects' offerings to the next level. We concluded that ePlus was the best choice to meet these objectives."

ePlus has a close working relationship with Cisco and provides totally integrated Cisco solutions. In addition to Cisco Master Specializations in both Security and Unified Communications, ePlus has Cisco specializations in Advanced Wireless LAN, Advanced Routing and Switching, and Advanced Data Center Storage Networking. A Cisco Gold Certified Partner, ePlus also holds Cisco Advanced Technology Provider (ATP) status in both Network Hosted Storage and Rich Media Communications. ePlus was recently awarded the 2008 Partner Summit Award for Outstanding Advanced Technology Performance, which includes recognition of its high customer satisfaction ratings.

The transaction with Network Architects included certain assets and the assumption of specific liabilities, and closed on May 9, 2007. Terms of the transaction were not disclosed.

About ePlus inc.

ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 650 associates in 30+ locations serving more than 2,500 customers. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com, call 888-482-1122, or email info@eplus.com.

ePlus® 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 and products 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 due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; a decrease in the capital spending budget our customers; our ability to consummate and integrate acquisitions; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; fluctuations in our operating results; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of May 12, 2008. ePlus undertakes no duty to update this information.

Contact Information

  • Contact:
    Kleyton Parkhurst
    SVP
    ePlus inc.
    Email Contact
    703-984-8150