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ePlus Acquires Assets of Realwave, Inc.

1. ePlus acquired Realwave, enhancing AI-powered data solutions portfolio. 2. Realwave's technology automates data analysis for various industries. 3. Acquisition aligns with ePlus's growth strategy in AI and consulting. 4. ePlus aims to offer advanced AI applications for customer organizations. 5. Transaction terms were not disclosed, focusing on expanding capabilities.

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FAQ

Why Bullish?

The acquisition strengthens ePlus's market position in AI, similar to past successful technology expansions.

How important is it?

The strategic acquisition is likely to drive growth, appealing to investors and analysts focused on tech innovations.

Why Long Term?

Investments in AI are expected to yield benefits over several years, evidenced by trends in tech adoption.

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Transaction Enhances ePlus' AI-Powered Solutions Portfolio , /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, OneCloud Consulting, inc., has acquired substantially all of the operating assets of Realwave, Inc. (Realwave), a software company offering cloud-based, AI-powered, automated data analysis that can integrate with data sources, including video or point-of-sale systems, Internet of Things (IoT) devices, sensors, digital locks and more. The acquired assets strengthen ePlus' growing portfolio of AI-enabled, data and deep learning solutions and services, expanding its ability to serve customers with AI-powered technologies. By merging cameras and IoT capabilities with other sensor data, Realwave can automatically detect events, make decisions, and trigger business process automation without human intervention. "This transaction is consistent with our defined strategy of making targeted investments that help fuel our growth through expansion and enhancement of our technology solutions and services," said Ken Farber, president of ePlus Software. "Building our capabilities, especially around growing areas such as AI, cybersecurity, data center technology and consulting and managed services will help us continue to provide our customers with the support, engagement and service excellence they expect from ePlus in a rapidly changing landscape." "The incorporation of automated and intelligent data and video capabilities opens up a wide range of ePlus supported AI-based applications for customer organizations across retail, transportation, healthcare, financial, campus environments and more. The Realwave platform pulls information from a variety of data sources, translates it into a common format, and then combines the data to produce actionable insights. Bringing this level of real-time, practical data analysis to our customers demonstrates our commitment to continuing to build out our capabilities." Terms of the transaction were not disclosed. About ePlus inc. ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,100 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia–Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email [email protected].  Connect with ePlus on LinkedIn, X, Facebook, and Instagram.    ePlus®, Where Technology Means More®, 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. Forward-Looking Statements This press release contains information about management's view of ePlus' future expectations, plans and prospects that are not historical facts and may be deemed to be "forward-looking statements."  Actual and anticipated future results may vary materially due to certain risks and uncertainties. Certain risks and uncertainties that may affect such "forward-looking statements" are detailed in our reports filed with the Securities and Exchange Commission, especially under the heading "Risk Factors," and include but are not limited to our ability to successfully perform due diligence and integrate acquired businesses.   All information set forth in this press release is current as of the date of this release and ePlus expressly disclaims any duty or obligation to update this information, except as may be required by law. SOURCE EPLUS INC. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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