Herndon company acquires N.Y.-based IT firm
ePlus buys System Management and Planning Inc.
Herndon-based IT assets selling and financing company ePlus Inc. announced Monday it has acquired Rochester, New York-based System Management and Planning Inc. (SMP), an information technology company that provides services in New York and the Northeast.
Terms of the acquisition were not disclosed, but the transaction will increase ePlus’ regional footprint.
“Acquiring SMP strengthens our existing presence in the region, and its focus on collaboration and related solutions to support at-home workers is extremely relevant in today’s market,” ePlus CEO and President Mark Marron said in a statement. “Our combined capabilities will allow us to deliver a broader array of solutions to customers, and we extend a warm welcome to the talented SMP team.”
The acquisition of some assets and liabilities closed on Dec. 31, 2020.
“The depth of expertise and resources available from ePlus will provide significant benefit to our customers and we’re excited to begin this next chapter,” SMP Chief Operating Officer Peter Allen said in a statement.
ePlus, which designs and implements network, security and storage solutions, reported $1.37 billion in net sales for 2019 and employs more than 1,500 workers.