Herndon-based ePlus acquires Texas company
ePlus expands firm
Herndon-based technology solutions provider ePlus Inc. has acquired Future Com Ltd., a Texas-based tech company, ePlus announced Monday.
Financial terms of the transaction were not disclosed. The deal closed on July 16.
Future Com offers hardware, software, support and consulting services.
“As we actively work to grow our security business, which now accounts for more than $500 million of our annual adjusted gross billings, we are confident that the expertise of the Future Com team across the cybersecurity landscape will be of great benefit to ePlus and our customers,” ePlus President and CEO Mark Marron said in a statement. “In addition to strengthening our security capabilities, it strengthens our geographic presence in Texas and around the entire region, allowing us to provide an expanded level of support to customers there with expertise spanning the entire security landscape.”
For fiscal year 2022, which ended March 31, the company reported about $1.8 billion in net sales, a 16.1% increase over the previous year.
“Fiscal 2022 marked a highly successful year for ePlus, as we generated strong financial results while investing in our people and capabilities to enhance long-term growth,” Marron said in a statement.
EPlus has more than 1,500 associates with offices in the United States, the U.K., Europe and Asia-Pacific. Future Com has about 25 employees.