HERNDON, Va., Jan. 11, 2018 (GLOBE NEWSWIRE) -- ePlus inc. (NASDAQ:PLUS) today announced that it has successfully completed the Type 2 SSAE 18 (Statement on Standards for Attestation Engagements) examination 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, formally known as SSAE 16 as well as a Report on Controls at a Service Organization (SOC 1), 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. 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 audit provides validation for the prescribed methodology that serves as the basis of our service delivery model for ePlus Managed Services,” said Dan Farrell, senior vice president of national services for ePlus. “Validating services process and methodology to ensure we provide consistent, repeatable, and high-quality deliverables to our customers is extremely important to ePlus. We’re pleased to continue to provide proactive services and support to help customers effectively manage, monitor, and secure their IT environment.”
“This year’s Independent Service Auditor’s Report marks our eleventh 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 SSAE 18 Type 2,” 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, 2017 to September 30, 2017.
- 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, 2017 to September 30, 2017, and user entities applied the complementary user entity controls contemplated in the design of ePlus’ controls throughout the period of January 1, 2017 to September 30, 2017.
- 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, 2017 to September 30, 2017.
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/ManagedServices 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. For additional information about ePlus Systems, visit www.eplus.com/software.
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 1,200 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 info@eplus.com. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlus. 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. OneCloud is a trademark of OneCloud Consulting, 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, possible adverse effects resulting from financial market disruption 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, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information; future growth rates in our core businesses; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; 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.