EPlus Inc. (NASDAQ NGS:) announced today that it has purchased some assets and liabilities from Innovative Technology Systems & Solutions Inc. (dba “ABS Technology”). The purchase further defines ePlus as the region’s major supplier of advisory technology alternatives and provides it with a greater foothold in business transactions as well as in the vertical sectors of healthcare, education and government.
ABS, a Virginia Beach-based solution supplier with extensive knowledge in managed facilities, networking, cooperation, and safety systems, will provide a powerful strategic boost to the current portfolio of ePlus applications, including cloud, data center, safety, AI / emerging solutions, and a extensive range of managed, professional, and staffing facilities.
“The addition of the ABS squad to the ePlus list complements our capacities and enables us to offer creative, tailored innovation alternatives and accredited knowledge in the mid-Atlantic region more efficiently,” said Mark Marron, CEO and ePlus President. “This purchase also strengthens our company by incorporating a strong, well-established customer base across company accounts and global sectors including vertical healthcare, education, and the public sector. The extra funds in this region will provide superior customer service and help to both current ePlus and ABS clients.
“For nearly five decades, ABS Technology has earned an excellent reputation and deep customer relationships in line with the culture and customer-centred approach of ePlus,” said Hunter Dorroh, III, CEO of ABS Technology. “We will proceed to work together to assist architect, design, implement and handle organisations with the major IT alternatives needed to assist them to succeed now and in the future.”
It closed on August 23, 2019. There was no disclosure of terms.