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ePlus and Deltek Announce Strategic AllianceHERNDON, Va. --(Business Wire)-- ePlus inc. (Nasdaq NGM: PLUS) and Deltek, Inc. today announced the formation of a new alliance relationship during Deltek's Insight 2007 Conference this week in Las Vegas, Nevada. The multi-faceted relationship encompasses eProcurement, Supplier Management, and Spend Analysis for Deltek Costpoint customers as well as leasing for Deltek customers. As part of the relationship, the integration of ePlus' Procure+ eProcurement solution with Deltek Costpoint will provide Costpoint customers a unified eProcurement process from project initiation through the acquisition, invoice settlement, and payment processes. In addition, Deltek customers will gain access to ePlus' leading Content+ Supplier Portal and Spend+ management systems, enabling them to build catalog content for purchases, interactively collaborate with their suppliers, and analyze their spend through a graphical dashboard. The ability of Deltek's customers to access the powerful tools of ePlus' eProcurement platform through an integrated interface will allow them to quickly and seamlessly enjoy the tremendous benefits and cost savings of one of today's leading solutions. The companies will also work together to market ePlus' leasing services to Deltek customers and partners. ePlus provides Deltek customers and partners an expedient and efficient means for leasing as an alternative to a capital expenditure. The integration of software and leasing, long enjoyed by ePlus' customers to reduce costs enterprise-wide, will now be available to Deltek customers. ePlus further announced today that it will make available the fulfillment of IT products and services to Deltek customers through Deltek's reseller partner network. "We are very excited to have such an expansive and collaborative relationship with Deltek. Having a single process for all project management related eProcurement acquisitions provides multiple benefits to Deltek Costpoint customers," said Ken Farber, president of ePlus Systems. "In addition, Deltek customers will be able to take advantage of ePlus leasing services to preserve and manage working capital." "The ePlus-Deltek alliance provides a very compelling value proposition by enabling an integrated workflow with shared data for project management and procurement teams to support a project," notes Andrew Bartolini, research director at Aberdeen Group. "That Deltek customers will be able to access and purchase other ePlus solutions is a significant additional benefit." "Our alliance will help us to further extend the capabilities of our Costpoint products through integration with ePlus' powerful and patented eProcurement solutions," said Greg Sybersma, VP of Channel Sales and Alliances at Deltek. "Our leasing relationship with ePlus will also allow us to provide our customers with financial alternatives that address their business requirements." To request additional information about this announcement, please contact: ePlus: Jeff Pinkerton Director of Marketing & Product Strategy [email protected] 781-615-1318 Deltek: About Deltek Deltek is a leading provider of enterprise applications software designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 12,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit www.deltek.com. Deltek(R) and Deltek Costpoint(R) are registered trademarks of Deltek, Inc. or its affiliates in the United States and other countries. About ePlus inc. ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals who want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytics, supplier management, document collaboration, asset management, professional services, and leasing to ePlus' 2,000+ customers. Founded in 1990, the company is headquartered in Herndon, VA and has more than 30 locations in the U.S. For more information, visit www.eplus.com, call 888-482-1122 or email [email protected]. ePlus(R), ePlus Enterprise Cost Management(R), Procure+(R), Content+(R), and/or other 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 due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this release is as of May 16, 2007. ePlus undertakes no duty to update this information. |
