ePlus Technology has acquired SLAIT Consulting, a managed IT services provider (MSP) with cybersecurity advisory and hybrid cloud expertise. Financial terms were not disclosed.
ePlus gains a strong Mid-Atlantic footprint, adding SLAIT’s headquarters in Virginia Beach, Virginia and locations in Richmond, Virginia, and Charlotte, North Carolina, the buyer notes.
Moreover, SLAIT works closely with a range of technology companies -- including Palo Alto Networks, Aruba Networks (an HP Enterprise company) and NetApp, among roughly 40 partners overall. And the consulting firm has GRC (governance, risk management, and compliance) expertise.
Meanwhile, the ePlus managed security service already has key relationships in place with Palo Alto Networks along with Cisco Systems and Forinet.
ePlus Acquires SLAIT Consulting: Executive Perspectives
Explaining the deal, ePlus CEO Mark Marron says SLAIT's strengths include:
- Regional strength in key markets;
- strength in higher education and state/local government;
- expertise in IT security and hybrid cloud; and
- a blend of consultative, professional and managed services.
Added Casey Robinson, CEO of SLAIT Consulting:
“For more than three decades, SLAIT has earned an excellent reputation. We look forward to combining the synergistic benefits of both companies. Working together, we will continue to help organizations architect, design, deploy, and manage leading IT solutions required by today’s most sophisticated customers.”
Founded in 1990, ePlus has more than 1,200 employees serving customers across the U.S., Europe, and Asia-Pacific. The company has extensive M&A expertise, having acquired more than 20 companies since 1997.
ePlus Financial Performance
ePlus hit some financial turbulence in November 2018 when the company revealed weaker-than-expected financial results for its Q2 of fiscal 2019. The company blamed much of the shortfall on a big deal in fiscal 2018 that made head-to-head comparisons for fiscal 2019 difficult.
The company is expected to announce Q3 fiscal 2019 results on February 5, 2019, according to Yahoo Finance.
