ePlus Completes Type 2 SSAE 16 Examination for Managed Services Center

ePlus Completes Type 2 SSAE 16 Examination for Managed Services Center

HERNDON, Va., Jan. 30, 2013 (GLOBE NEWSWIRE) -- ePlus inc. (Nasdaq:PLUS) today
announced today it has successfully completed the Type 2 SSAE 16 (Statement on
Standards for Attestation Engagements) examination for its Managed Services
Center, issued by an independent service audit firm. The Type 2 SSAE 16
examination (or SOC 1), which supersedes the SAS 70 audit standard, was
performed in accordance with the standards established by the American
Institute of Certified Public Accountants (AICPA).

The ePlus SSAE 16 report found that both the design and operating
effectiveness of certain controls supporting ePlus' Managed Services Center
provided "reasonable assurance" that the specified control objectives were
achieved during the specific period of the examination.

"The SSAE 16 report for our Managed Services Center validates our on-going
commitment to ensure the highest quality of service delivery to customers in
managing their cloud infrastructure, networks, storage, servers, security, and
unified communications and video solutions," said Dan Farrell, vice president
of national services for ePlus Technology. "The findings support other
third-party audits ePlus has completed related to our Managed Services
offering, including Cisco Cloud and Managed Services Master Certification
(with Cisco Powered Managed Services designation in Unified Threat
Management). We look forward to continuing to enable customers to optimize
operations, manage risk, and reduce costs."

The ePlus SSAE 16 report includes the service auditor's opinion that:

  *The description provided by ePlus fairly presents the Managed Services
    Center system that was designed and implemented throughout the period of
    January 1, 2012 to September 30, 2012.
  *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, 2012 to September 30, 2012, and user
    entities applied the complementary user entity controls contemplated in
    the design of ePlus' controls throughout the period of January 1, 2012 to
    September 30, 2012.
  *The controls tested, which together with the complementary user entity
    controls referred to in the scope paragraph of this 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, 2012 to September 30,
    2012.

For additional information about SSAE 16, visit
https://www.brightline.com/soc1.

About ePlus Managed Services

ePlus Managed Services help enterprises proactively control their IT
infrastructure and off-load a significant burden of day-to-day IT tasks in
order to optimize operations and manage risk. ePlus has delivered Managed
Services for more than 10 years to a wide range of customers across multiple
industry verticals through its 24/7/365 Managed Services Center.For more
information about ePlus Managed Services, visit
www.ePlus.com/ManagedServices/Pages/default.aspx.

About ePlus inc.

ePlus is a leading integrator of technology solutions. ePlus enables
organizations to optimize their IT infrastructure and supply chain processes
by delivering world-class IT products from top manufacturers, managed and
professional services, flexible lease financing, proprietary software, and
patented business methods and systems. Founded in 1990, ePlus has more than
825 associates serving federal, state, municipal, and commercial customers
nationally. The Company is headquartered in Herndon, VA. 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/ePlusinc.

ePlus^® 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 and products 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; our ability to
maintain effective disclosure controls and procedures and internal control
over financial reporting; 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 reserve adequately for
credit losses; our ability to protect our intellectual property; 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.

CONTACT: Kleyton Parkhurst, SVP
         ePlus inc.
         kparkhurst@ePlus.com
         703-984-8150
 
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