ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has acquired the business of Future Com, Ltd. a Texas-based provider of cyber security solutions, cloud security and security consulting services throughout the US. The successful acquisition provides access to enhanced engineering, sales and services delivery capabilities in the South-Central US region, as well as bolstering the skills and expertise surrounding ePlus’ growing cyber security practice.
Headquartered in Grapevine, Texas, Future Com is an established cyber security provider, offering hardware, software, support, and consulting services to top enterprises, mid-market businesses, and healthcare, government and educational entities.
“As we actively work to grow our security business, which now accounts for more than $500M of our annual adjusted gross billings, we are confident that the expertise of the Future Com team across the cyber security landscape will be of great benefit to ePlus and our customers,” said Mark Marron, CEO and president, ePlus inc. “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.”
“Joining the ePlus team is an exciting next step for Future Com and its employees,” said Douglas Hollenshead at Future Com. “We have decades of specialized experience helping our customers navigate the evolving cyber security landscape and new emerging threats. Being acquired by ePlus means that our customers now have access to the expanded capabilities and deeper breadth of resources a global provider can offer.”
The acquisition of certain assets and liabilities of Future Com closed on July 16, 2022. Terms were not disclosed.