ePlus to Acquire OneCloud Consulting
HERNDON, VA – May 16, 2017 – ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., is acquiring OneCloud Consulting, Inc. Based in Milpitas, CA, OneCloud Consulting is a versatile team of highly trained technology consultants, architects, developers and instructors. OneCloud enables its clients’ cloud and application strategy via professional services, technical education and software development. The acquisition expands ePlus’ ability to address its clients’ needs in cloud-based solutions and infrastructure.
“Applications and cloud strategy are at the core of the Digital Economy. OneCloud’s skills and expertise further strengthens our hybrid IT capabilities, enabling our clients to achieve their business objectives through technology,” stated Mark P. Marron, CEO of ePlus. “The acquisition will provide ePlus with the ability to expand OneCloud’s services, including DevOps, OpenStack, and other emerging technologies, to our broad client base. Whether their needs include a software-defined strategy, microservices and containers, application modernization or cloud management, OneCloud has the ability to deliver the right solution. Combined with ePlus’ full range of advanced technology solutions, managed and professional services, financing and lifecycle management tools, we offer one of the most comprehensive portfolios in the technology consulting and services market.
“ePlus defines itself as a client-first organization and understands that digital transformation demands a clear focus on execution to create successful results,” said OneCloud Consulting CEO, Sudheesh Subhashitan. “With OneCloud Consulting’s highly experienced team, a culture of innovation, and a drive to create transformative experiences for clients and employees alike, the combination with ePlus will create a powerful engine to capture a broad spectrum of cloud opportunities."
Mr. Subhashitan continued, “Clients want to partner with a company that has deep experience in cloud technologies, serving clients all around the world. Together, the combined strengths of our organizations will allow us to deliver the cloud services ecosystem which are the most in-demand from the marketplace and our clients.”
Mr. Manish Tandon, OneCloud’s CTO stated, “We at OneCloud Consulting are thrilled to be joining forces with ePlus. We know ePlus well through a number of engagements over the past several years, and clients have been extremely satisfied with the results we’ve delivered together. OneCloud has always focused on delivering a quality experience, whether in the cloud, software-defined infrastructure, or application development."
Mr. Tandon added, “With the disaggregation of network/storage/compute and applications, clients are looking for a partner who understands the landscape. ePlus and OneCloud focus on delivering the strategies, tools, and concepts to clients that will ensure achievement of their desired business outcomes."
The acquisition of OneCloud Consulting Inc. is expected to close May 17, 2017. Terms were not disclosed.
About OneCloud Consulting Inc.
OneCloud Consulting specializes in providing a robust collection of Cloud and Software-Defined Infrastructure Services, Software Development, and Technical Training.
OneCloud Consulting takes pride in delivering superior technical excellence and client success. We empower our clients with the tools necessary to face this age of digital disruption by offering a broad portfolio that enables the development of a business-objective first strategy. We ensure that our clients understand their digital possibilities and can execute successfully with a scalable solution that meets today’s design, operational, strategic, and agile cloud computing and infrastructure environment needs.
Cloud Computing, Software-Defined Infrastructure, and Automation Solutions Made Easy. OneCloud has offices in Milpitas, CA, India and Singapore.
About ePlus inc.
ePlus is an engineering-centric technology solutions provider that helps clients 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 clients 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 firstname.lastname@example.org. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlus. ePlus. Where Technology Means More®.
ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. OneCloud is a trademark of OneCloud Consulting, Inc. in the United States and/or other countries.
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 clients delaying or reducing technology purchases, increasing credit risk associated with our clients 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 integrate acquisitions; 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 clients 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 clients’ 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 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.
Kleyton Parkhurst, SVP