ePlus Acquires IDS, a Midwest Data Center Technology Integrator and Cloud Services Provider
HERNDON, VA – September 18, 2017 – ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., acquired operating assets of Integrated Data Storage, LLC (“IDS”). Headquartered in Oak Brook, IL and with offices in downtown Chicago and Indianapolis, IDS is an advanced data center solutions provider focused on cloud enablement and managed services, including its proprietary IDS Cloud, which features enterprise-class technology infrastructure coupled with consulting services to support private, hybrid, and public cloud deployments. The acquisition expands ePlus’ footprint in the Midwest and enhances its sales and engineering capabilities in cloud services, disaster recovery and backup as a service, storage, data center, and professional services.
“Adding the talented IDS team to ePlus is a strong complement to our existing cloud, security, and digital infrastructure offerings,” stated Mark P. Marron, CEO of ePlus. “The acquisition further solidifies our presence in the Midwest and strengthens our ability to create customized roadmaps, and then design, implement, service, and support our customers’ migration to and from public, private, or hybrid cloud environments. We look forward to continuing to help organizations deploy the most effective cloud strategy, optimize resources, and gain greater operational predictability, security, and flexibility—to thrive in today’s digital economy.”
“IDS has a reputation of leveraging technology to create business value for our customers, which pairs perfectly with ePlus’ mission of making technology mean more,” said Matt Massick, CEO of IDS. “There are many synergies between the two companies, including a customer-focused approach, proven services methodology, technical focus, and culture of accountability. When combined, we will deliver exponential benefits to our customers through transformational technology solutions that guide their success and growth."
The acquisition of IDS closed on September 15, 2017. Terms were not disclosed.
IDS is a data center technology integrator and cloud services provider backed by an award-winning IT consulting practice. IDS works with a select list of industry leading technology partners to deliver custom IT solutions. Primary areas of focus are storage, data protection, disaster recovery, data analytics, virtualization, mobility, networking, servers, security, managed services, and cloud. Since its founding in 2002, IDS has experienced incredible growth and is recognized for its forward thinking solutions that provide improved efficiency, flexibility, performance, and competitive advantage. Learn more at http://www.idsforward.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 expertise in key technologies from data center to security, cloud, and collaboration, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,200 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 email@example.com. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlus. ePlus. Where Technology Means More®.
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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 volatility in the U.S. economy such as our current and potential customers delaying or reducing technology purchases, 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 successfully perform due diligence and and integrate acquired businesses; disruptions or a security breach in our IT systems and data and audio communication networks; 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 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 customers’ electronic and other confidential information and remain secure during a cyber-security attack; future growth rates in our core businesses; 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 offerings, including the proliferation of the cloud, infrastructure as a service and software as a service; 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.