ePlus Acquires IGX to Expand Security Offerings
(Thomson Reuters ONE) -
HERNDON, Va., Dec. 07, 2015 (GLOBE NEWSWIRE) -- ePlus inc. (NASDAQ:PLUS) today
announced that its subsidiary, ePlus Technology, inc., acquired the businesses
of IGX Acquisition Global, LLC, IGX Global UK Limited, and IGX Support, LLC
(collectively, "IGX"), which provide advanced security solutions, secured
networking products, and related professional services to a diverse set of
domestic and international customers including commercial, enterprise, and
state, local, and education (SLED) organizations. IGX is headquartered near
Hartford, CT, with offices in metro New York, metro Boston, and London to serve
its UK and global customers.
"IGX will enhance our engineering delivery of advanced technology solutions in
security and secured networking, expand our geographic footprint in Connecticut,
and broaden our customer base in Boston and New York. IGX's existing customers,
which include notable SLED, commercial, enterprise, and global organizations,
will gain access to ePlus' full range of managed and professional services and
integrated solutions across the data center, collaboration, networking, and the
cloud as well as products from top manufacturers - such as Cisco, EMC, HP,
NetApp, and VMware," said Phillip G. Norton, chairman, CEO, and president of
ePlus. "The acquisition of the UK-based subsidiary, IGX Global, will also
advance our strategy to better support our US-based global customers
internationally. IGX Global's cross-border relationships have enabled it to
meet its customers' international needs in more than 15 countries."
"We are excited about becoming part of the talented ePlus team and having the
opportunity to expand our current market offerings. The acquisition provides us
with the ability to service our clients with a broader portfolio of leading
technologies, managed services, and enterprise class secure data center
solutions," said Thomas Duffy, IGX CEO. "The combination of ePlus' advanced
technology solutions and IGX's long-standing client relationships in the US and
the European Union will enhance our combined customer base with more innovative
services and solutions."
The acquisition of certain assets and the assumption of certain liabilities of
IGX Acquisition Global, LLC and IGX Support, LLC, and the acquisition of the
stock of IGX Global UK Limited, closed on December 4, 2015. Terms were not
disclosed. IGX had net sales in excess of $51 million for the trailing 12
months ending August 31, 2015. CHILDS Advisory Partners served as the exclusive
financial advisor to IGX in this transaction.
About IGX
Headquartered in central Connecticut, IGX focuses decades of experience to help
organizations maintain stable, secure technology infrastructures, delivering
peace of mind for their clients. By employing a wide range of available
technology partners and certified in-house experts, IGX delivers solutions that
are an exact fit for its customers' needs. With a global presence, IGX can
guide organizations through some of the most complex technology challenges
including security and secured networking. For more information, see
www.igxglobal.com.
About ePlus inc.
ePlus is an engineering-centric technology solutions provider that helps
organizations 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 1,000 associates serving commercial, state, municipal, and
education customers nationally. 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 info(at)eplus.com. Connect with
ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter
at www.twitter.com/ePlus. ePlus. Where Technology Means More((TM)).
ePlus(®), Where Technology Means More((TM)), 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, products,
and services 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.
Contact:
Kleyton Parkhurst, SVP
ePlus inc.
kparkhurst(at)eplus.com
703-984-8150
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ePlus via GlobeNewswire
[HUG#1971646]
Unternehmensinformation / Kurzprofil:
Datum: 07.12.2015 - 14:30 Uhr
Sprache: Deutsch
News-ID 437976
Anzahl Zeichen: 7470
contact information:
Town:
Herndon, VA
Kategorie:
Business News
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