HERNDON, VA - November 14, 2013
- ePlus inc. (NASDAQ NGS: PLUS
) today announced that its subsidiary, ePlus Technology, inc., acquired the assets of AdviStor, Inc., a storage-focused solutions provider located in Pittsford, NY, on November 14, 2013. As a result of the acquisition, ePlus expands its existing presence in upstate New York and adds enhanced storage engineering and sales delivery capabilities. Details of the transaction are not being disclosed.
"The acquisition of AdviStor builds upon ePlus' position as the leading FlexPod reseller in the United States, and enhances our existing presence in the upstate region," said Phillip G. Norton, chairman, president, and CEO of ePlus. "We are providing a path for new and existing clients in upstate New York to leverage ePlus' strengths and unique capabilities in conjunction with AdviStor's proven track record as a prominent value added reseller and integrator with one of the leading storage practices in the market. In addition, ePlus will be able to deliver many benefits to AdviStor's existing customers through our full suite of leading manufacturers-such as Cisco, HP, EMC, NetApp and VMware-complemented by our advanced technology solutions in security, cloud computing, and managed services."
"We are excited to join the capable team at ePlus," said Robert S. King, president of AdviStor. "We are confident that both our customers and employees will benefit from the synergy of AdviStor's and ePlus' combined resources. This joint expertise means greater access to proven implementation methodologies, an expanded portfolio of solutions and services, and comprehensive engineering delivery capabilities. Our most important goal is to deliver the highest level of customer satisfaction."
Founded in 2002, AdviStor is headquartered in Pittsford, NY, with a division in Albany NY. AdviStor ("Advice on Storage") offers a wide range of solutions to meet current and future data storage and backup challenges for commercial, educational, and state and local government clients. Its recommendations are tailored to solve the specific business and technical challenges of each client. For more information, visit www.advistor.com
About ePlus inc.
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 900 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit www.eplus.com
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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 materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from financial market disruption and general slowdown of 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 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 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; 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.