updated 2/23/2011 8:45:57 AM ET 2011-02-23T13:45:57

HERNDON, Va., Feb. 23, 2011 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS) announced today that its subsidiary, ePlus Technology, inc., has successfully completed an unqualified SAS 70 Type II examination for its Network Operations Center Services, issued by an independent service audit firm. The Type II examination was performed in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA).

The ePlus SAS 70 report found that for the period of January 1, 2010 to September 30, 2010, both the design and operating effectiveness of certain controls supporting ePlus' Network Operations Center provided "reasonable assurance" that the specified control objectives were achieved.

"The SAS 70 Type II audit report for our Network Operations Center Services validates our success in following industry standards and having a repeatable process in place to resolve and remediate our customers' issues related to managing their networks, applications, and servers," said Mark Marron, president of ePlus Technology. "The findings support other third-party audits ePlus has completed related to our Managed Services offering, including our status as a Cisco Master Managed Services Partner with Cisco Powered designations for Managed Unified Communications and Managed Security Services. We have made recent personnel investments in our Managed Services Center—adding extensive operational, infrastructure, and business experience—to further enhance our existing tools that enable customers to optimize operations, manage risk, and reduce costs."

The SAS 70 Type II report provides an authoritative and independent assessment of a service provider's adherence to process controls in alignment with Sarbanes-Oxley requirements. The examination was performed in accordance with standards established by the American Institute of Certified Public Accountants and included those procedures considered necessary in the circumstances to obtain a reasonable basis for rendering an opinion. The examination covered nearly 100 specific controls to obtain evidence about ePlus' effectiveness in meeting the control objectives.

The scope of the ePlus Type II examination included ePlus' Network Operations Center Services, which includes four remote operation managed services that give customers the flexibility to choose only the necessary service or services—from simple monitoring and notification to more comprehensive services such as keeping client networks at optimal performance. The offerings include ePlus Network Monitoring and Alert Services, ePlus Network Monitoring and Management Services, ePlus Business Communication Services, and ePlus Security Management Services.

ePlus believes that its customers may use the ePlus Type II report to support their compliance with the Sarbanes-Oxley Act of 2002 for those services outsourced to ePlus. Customers interested in receiving the latest report may register to receive it at ePlus SAS 70 Audit Report.

More information about ePlus Managed and Remote Operation Services can be found at http://www.eplus.com/managed_remote_operation_services.htm

For additional information about SAS 70, visit http://www.sas70.com/about.htm .

About ePlus inc.

ePlus is a leading provider of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, ePlus has more than 690 associates in 20+ locations serving federal, state, municipal, and commercial customers. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com , call 888-482-1122, or email info@eplus.com

ePlus® and ePlus products referenced herein are either registered trademarks or trademarks of ePlus 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 the recent financial crisis in the credit markets 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, the possibility of additional goodwill impairment charges, and restrictions on our access to capital necessary to fund our operations; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; 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.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com