ePlus acquires ABS Technology to extend its mid-Atlantic footprint

By Akshay Kedari  Date: 2019-08-28

ePlus acquires ABS Technology to extend its mid-Atlantic footprint
  • ABS Technology is 27th acquisition of ePlus since 1997, it helps to fill a hole in its education business in the company’s home state of Virginia.
     
  • Typically, ePlus acquires other companies for expansion of the company in newer geographic fields and for emerging technology

ePlus, an IT assets financing and selling firm based in United States, recently continued its string of acquisition as it acquired ABS Technology, Virginia-based Cisco solution provider, in order to bridge a gap across the company’s Eastern seaboard coverage.

ABS Technology is 27th acquisition of ePlus since 1997 and it helps the company fill a hole in its education business in the company’s home state of Virginia.

Senior Vice President of ePlus at Herndon, Virginia, Kleyton Parkhurst stated that ePlus procured all Innovative Technology Solutions and Systems, which operates business as ABS Technology, excluding a tiny structural cable company. 

Parkhurst added that structural cabling isn’t the strategic line for company, but the unit is now a valued sub-contractor for the company.

ePlus typically acquires other firms for either of the two reasons. First, expansion of the company in newer geographic regions or novel technology models and second, for emerging technology.

ePlus has K-12 and higher consumers across the United States but not in Virginia. Almost, all the services and sales leadership team of ABS Technology would join ePlus.

Prior to ABS Technology, ePlus acquired SLAIT Consulting, a company providing IT solutions and consulting services based in Virginia Beach, with a robust footprint across mid-Atlantic region. Acquisition of SLAIT Consulting brought the company’s focus on managed service, security consulting, help desk, data center solutions and staffing.

Various other acquisitions of ePlus have helped the company scale new markets and reach out to new geographical areas. ePlus procured Integrated Data Storage in September 2017 which helped ePlus gain grounds in Midwest region, the company developed a strong service that offered disaster recovery and data protection.

 

Source Credit: https://www.crn.com/news/running-your-business/eplus-continues-acquisition-string-with-abs-technology-to-expand-mid-atlantic-footprint?itc=refresh

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Televisa and Univision announce merger; launch a Spanish media company

Televisa and Univision announce merger; launch a Spanish media company

By Akshay Kedari

The collaboration is aimed at expanding the video streaming portfolio in Spanish-speaking markets. Television Univision has raised USD 1 billion in a Series C funding round led by SoftBank Group Corporation. In recent developments, Mexican broad...

Klevu launches Discovery Suite to boost online retail conversion rates

Klevu launches Discovery Suite to boost online retail conversion rates

By Akshay Kedari

Klevu Oy, a leading provider of AI-based search technologies for online retailers, has reportedly launched a comprehensive solution called Discovery Suite that can allow brands to capture shoppers’ intent in order to improve their conversion ra...

SK Group acquires 16.3% stake in VinCommerce for USD 410 million

SK Group acquires 16.3% stake in VinCommerce for USD 410 million

By Akshay Kedari

SK Group of South Korea has purchased 16.3% of Vincommerce, Vietnams leading retail business operator, for USD 410 million in a bid to broaden its presence in the Southeast Asian region’s customer retailer sector. Sources close to the matter s...

Snapchat exploring options to bypass Apple’s upcoming privacy policies

Snapchat exploring options to bypass Apple’s upcoming privacy policies

By Akshay Kedari

Reportedly, American camera and social media company Snap Inc. is exploring different methods to circumvent Apple’s upcoming privacy regulations which will prohibit apps from collecting iPhone user information. Apple’s highly controversi...

SK Innovation might pull its battery business from the United States

SK Innovation might pull its battery business from the United States

By Akshay Kedari

SK Innovation Co., a South Korea-based petrochemical, energy, and e-mobility battery manufacturer, has recently announced its plans of withdrawing its battery operations from America if U.S. President Joe Biden fails to overrule a trade panel decisio...