HERNDON, Va., Feb. 19, 2019 (GLOBE NEWSWIRE) -- ePlus inc. (NASDAQ NGS: PLUS) today announced that it has successfully completed the Type 2 SSAE 18 (Statement on Standards for Attestation Engagements) examination, also commonly referred to as Service Organization and Controls (SOC 1) Report, for its Managed Services Center and OneSource family of software products that provide information technology acquisition, asset management, procurement, and catalog management software services. The Type 2 SSAE 18 examination, formerly known as SSAE 16, was performed in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA).
The SSAE 18 examination provides customers and auditors with an understanding that the description of services and solutions provided by ePlus are fairly presented and suitably designed. The Type 2 component of SSAE 18 provides an objective evaluation that ePlus’ controls were operating effectively during the specified period of the examination.
“This SSAE 18 independent examination provides validation that the ePlus Managed Services Center delivery model is based on sound process and is able to provide consistent, repeatable, high-quality solutions to our customers,” said Dan Farrell, senior vice president of global services for ePlus. “Monitoring and managing a customer’s environment, while keeping security top of mind, is critical in today’s environment. We’re are pleased to continue to provide proactive, stress-tested services and support to help customers optimize and secure their IT environment.”
“This year’s Independent Service Auditor’s Report marks our twelfth consecutive report demonstrating our establishment of control objectives and effectively designed control activities. ePlus remains committed to provide our customers with assurance regarding our control benchmarking for the Type 2 SSAE 18,” said Ken Farber, president of ePlus Software.
The ePlus SSAE 18 report includes the service auditor’s opinion that:
- The description provided by ePlus fairly presents the Managed Services Center system and OneSource family of software products that was designed and implemented throughout the period of January 1, 2018 to September 30, 2018.
- The controls related to the control objectives stated in the description were suitably designed to provide reasonable assurance that the control objectives would be achieved if the controls operated effectively throughout the period of January 1, 2018 to September 30, 2018, and user entities applied the complementary user entity controls contemplated in the design of ePlus’ controls throughout the period of January 1, 2018 to September 30, 2018.
- The controls tested, which together with the complementary user entity controls referred to in the scope paragraph of the report, if operating effectively, were those necessary to provide reasonable assurance that the control objectives stated in the description were achieved, operated effectively throughout the period of January 1, 2018 to September 30, 2018.
About ePlus Managed Services
ePlus Managed Services help enterprises cost-effectively monitor, control, and proactively manage their IT infrastructure, and off-load a significant burden of day-to-day IT tasks to optimize internal IT operations and mitigate risk. ePlus has delivered Managed Services for more than 10 years to a wide range of clients across multiple industry verticals through its 24/7/365 Managed Services Centers. Visit www.eplus.com/services/managed-services for more information.
About ePlus Software, LLC
ePlus Software, LLC., a wholly owned subsidiary of ePlus Technology, inc., delivers eProcurement and related solutions and services to help public sector clients and commercial organizations across all industries get the most value from their spend. Its diversified portfolio of solutions includes eProcurement, supplier enablement, catalog content management, spend analytics, document management, and asset management. These solutions help drive cost savings, improve compliance, and enhance productivity throughout the organization. ePlus solutions are offered as hosted Software as a Service (SaaS) and traditional enterprise licenses. Visit www.eplus.com/services/supply-chain-solutions for additional details.
About ePlus inc.
ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and expertise in key technologies from cloud to security and digital infrastructure, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,500 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. 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 email@example.com. Connect with ePlus on LinkedIn, Twitter, or Facebook.
ePlus. Where Technology Means More®.
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.
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, exposure to changes in, interpretations of, or enforcement trends in legislation and regulatory matters; managing a diverse product set of solutions in highly competitive markets with a number of key vendors; adapting to meet changes in markets and competitive deployments; maintaining and increasing advanced professional services by recruiting and retaining highly skilled, competent personnel, and vendor certifications; increasing the total number of customers who use our managed services and professional services and continuing to enhance our managed services offerings to remain competitive in the marketplace; performing professional and managed services competently; maintaining our proprietary software and updating our technology infrastructure to remain competitive in the marketplace; reliance on third parties to perform some of our service obligations to our customers; changes in the Information Technology (“IT”) industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service (“IaaS”), and software as a service (“SaaS”); our dependence on key personnel to maintain certain customer relationships, and our ability to hire, train, and retain sufficient qualified personnel; disruptions or a security breach in our or our vendors’ IT systems and data and audio communication networks; our ability to secure our own customers’ electronic and other confidential information, and remain secure during a cyber-security attack; our ability to protect our intellectual property rights and successfully defend any challenges to the validity of our patents or allegations that we are infringing upon any third-party patents, and the costs associated with those actions, and, when appropriate, license required technology; 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.
Kleyton Parkhurst, SVP