ePlus Acquires Bailiwick Services, LLC
ePlus inc. (NASDAQ NGS: PLUS) has announced the acquisition of Bailiwick Services, , a provider of professional and managed services based near Minneapolis. This strategic move strengthens ePlus' Services portfolio across North America. Bailiwick specializes in serving enterprise customers with large store, branch, and campus footprints, particularly in retail, financial services, restaurant, and hospitality sectors.
The acquisition, which closed on August 19, 2024, enhances ePlus' capabilities in IT integration, deployment services, edge computing, physical security, AV, logistics, and digital experiences. This expansion aligns with ePlus' growth strategy, offering customers a comprehensive range of technology solutions and services through a single provider. The terms of the transaction were not disclosed.
ePlus inc. (NASDAQ NGS: PLUS) ha annunciato l'acquisizione di Bailiwick Services, un fornitore di servizi professionali e gestiti con sede vicino a Minneapolis. Questa mossa strategica rafforza il portfolio di servizi di ePlus in Nord America. Bailiwick si specializza nel servire clienti aziendali con ampie reti di negozi, filiali e campus, in particolare nei settori retail, servizi finanziari, ristorazione e ospitalità.
L'acquisizione, conclusa il 19 agosto 2024, migliora le capacità di ePlus nell'integrazione IT, nei servizi di implementazione, nel computing edge, nella sicurezza fisica, nell'AV, nella logistica e nelle esperienze digitali. Questa espansione si allinea con la strategia di crescita di ePlus, offrendo ai clienti un'ampia gamma di soluzioni e servizi tecnologici attraverso un unico fornitore. I termini della transazione non sono stati divulgati.
ePlus inc. (NASDAQ NGS: PLUS) ha anunciado la adquisición de Bailiwick Services, un proveedor de servicios profesionales y gestionados ubicado cerca de Minneapolis. Este movimiento estratégico fortalece el portafolio de servicios de ePlus en Norteamérica. Bailiwick se especializa en atender a clientes empresariales con grandes redes de tiendas, sucursales y campus, particularmente en los sectores de retail, servicios financieros, restaurantes y hospitalidad.
La adquisición, que se cerró el 19 de agosto de 2024, mejora las capacidades de ePlus en integración de TI, servicios de implementación, computación en la periferia, seguridad física, AV, logística y experiencias digitales. Esta expansión se alinea con la estrategia de crecimiento de ePlus, ofreciendo a los clientes un rango completo de soluciones y servicios tecnológicos a través de un solo proveedor. Los términos de la transacción no fueron divulgados.
ePlus inc. (NASDAQ NGS: PLUS)는 미니애폴리스 근처에 위치한 전문 및 관리 서비스 제공업체인 Bailiwick Services를 인수했다고 발표했습니다. 이 전략적 움직임은 북미에서 ePlus의 서비스 포트폴리오를 강화합니다. Bailiwick는 대형 매장, 지점 및 캠퍼스 발자국을 가진 기업 고객에게 서비스를 제공하는 전문 회사입니다. 특히 소매, 금융 서비스, 레스토랑 및 접객업 분야에 주력하고 있습니다.
2024년 8월 19일에 종료된 이번 인수는 IT 통합, 배포 서비스, 엣지 컴퓨팅, 물리적 보안, AV, 물류 및 디지털 경험 분야에서 ePlus의 역량을 향상시킵니다. 이 확장은 고객에게 단일 공급자를 통해 포괄적인 기술 솔루션 및 서비스를 제공하는 ePlus의 성장 전략과 일치합니다. 거래 조건은 공개되지 않았습니다.
ePlus inc. (NASDAQ NGS: PLUS) a annoncé l'acquisition de Bailiwick Services, un fournisseur de services professionnels et gérés situé près de Minneapolis. Ce mouvement stratégique renforce le portefeuille de services d'ePlus en Amérique du Nord. Bailiwick se spécialise dans le service aux clients d'entreprise avec de grands réseaux de magasins, de succursales et de campus, notamment dans les secteurs du commerce de détail, des services financiers, de la restauration et de l'hôtellerie.
L'acquisition, qui a été conclue le 19 août 2024, améliore les compétences d'ePlus en matière d'intégration informatique, de services de déploiement, de calcul en périphérie, de sécurité physique, d'AV, de logistique et d'expériences numériques. Cette expansion s'aligne sur la stratégie de croissance d'ePlus, offrant aux clients une large gamme de solutions et de services technologiques à travers un seul fournisseur. Les conditions de la transaction n'ont pas été divulguées.
ePlus inc. (NASDAQ NGS: PLUS) hat die Übernahme von Bailiwick Services angekündigt, einem Anbieter von professionellen und verwalteten Dienstleistungen mit Sitz in der Nähe von Minneapolis. Dieser strategische Schritt stärkt das Serviceportfolio von ePlus in Nordamerika. Bailiwick ist darauf spezialisiert, Unternehmenskunden mit großen Filial- und Campusflächen, insbesondere in den Bereichen Einzelhandel, Finanzdienstleistungen, Gastronomie und Gastgewerbe, zu bedienen.
Die Übernahme, die am 19. August 2024 abgeschlossen wurde, verbessert die Fähigkeiten von ePlus in den Bereichen IT-Integration, Bereitstellungsdienste, Edge-Computing, physische Sicherheit, AV, Logistik und digitale Erlebnisse. Diese Expansion entspricht der Wachstumsstrategie von ePlus, die Kunden eine umfassende Palette von Technologielösungen und -dienstleistungen über einen einzigen Anbieter bietet. Die Bedingungen der Transaktion wurden nicht bekannt gegeben.
- Expansion of ePlus' Services portfolio across North America
- Access to Bailiwick's expertise in serving enterprise customers in key vertical markets
- Enhancement of capabilities in IT integration, deployment services, and digital experiences
- Potential for increased market share and revenue growth
- None.
Insights
The acquisition of Bailiwick Services by ePlus is a strategic move to enhance ePlus' services portfolio and expand its market reach. This aligns with ePlus' growth strategy, potentially leading to increased revenue streams and market share. The deal strengthens ePlus' position in key verticals like retail, financial services and hospitality, which could drive long-term growth.
While financial terms weren't disclosed, investors should monitor for potential synergies and integration costs in upcoming quarters. The acquisition's impact on ePlus'
This acquisition significantly bolsters ePlus' capabilities in edge computing, physical security and AV solutions. Bailiwick's expertise in these areas, combined with ePlus' existing portfolio, creates a comprehensive technology solution for enterprise customers with large distributed networks.
The move is timely, considering the growing importance of edge computing in retail and financial services. As organizations increasingly adopt AI and IoT technologies, the demand for robust edge infrastructure and services is likely to surge. This positions ePlus to capitalize on emerging trends in digital transformation and customer experience enhancement, potentially leading to new revenue opportunities and increased competitiveness in the IT services market.
The acquisition of Bailiwick strengthens ePlus' position in the IT services market, particularly in sectors undergoing rapid digital transformation. With Bailiwick's nearly 30-year track record and expertise in serving enterprise customers with large footprints, ePlus is well-positioned to capture a larger share of the growing market for outsourced IT integration and deployment services.
This move aligns with the industry trend of consolidation among IT service providers to offer more comprehensive solutions. It could potentially improve ePlus' competitive stance against larger players in the market. Investors should watch for improvements in ePlus' service revenue mix and gross margins in the coming quarters, as higher-margin services could positively impact overall profitability.
Acquisition strengthens ePlus Services portfolio across
As one of the largest providers of outsourced IT integration and deployment services across
"Continuing to develop and enhance our Services business is an important part of our growth strategy," said Mark Marron, CEO and president of ePlus inc. "This acquisition opens many doors for customers of both organizations, offering a full spectrum of technology solutions and services through one provider. Bailiwick will be a wonderful complement to our business and our Services portfolio and we welcome them to the team."
"As technology evolves and consumer-facing organizations embrace AI and other areas to enhance the experiences they can provide their customers, having a parent company like ePlus provides an incredible depth of resources that will benefit them," said Bob Marko, CEO and president of Bailiwick. "Our decades of experience now combined with the acquisition by ePlus means that our customers can access and enjoy the expanded capabilities, talent and skill sets that a global provider can offer."
The acquisition of Bailiwick closed on August 19, 2024. Bailiwick is a wholly-owned subsidiary of ePlus Technology, inc. Terms of the transaction were not disclosed.
About Bailiwick Services, LLC
Bailiwick is a managed IT services provider that specializes in the integration and implementation of complex, large-scale technology initiatives. As a partner to some the best-known brands in
About ePlus inc.
ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a broad range of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of success, carrying customers forward through adversity, rapidly changing environments, and other obstacles. ePlus is a trusted advisor, bringing expertise, credentials, talent and a thorough understanding of innovative technologies, spanning security, cloud, data center, networking, collaboration and emerging solutions, to organizations across all industry segments. With complete lifecycle management services and flexible payment solutions, ePlus' more than 1,890 associates are focused on cultivating positive customer experiences and are dedicated to their craft, harnessing new knowledge while applying decades of proven experience. ePlus is headquartered in
ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in
Forward-Looking Statements
This press release contains information about management's view of ePlus' future expectations, plans and prospects that are not historical facts and may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties. Certain risks and uncertainties that may affect such "forward-looking statements" are detailed in our reports filed with the Securities and Exchange Commission, especially under the heading "Risk Factors," and include but are not limited to our ability to successfully perform due diligence and integrate acquired businesses. All information set forth in this press release is current as of the date of this release and ePlus expressly disclaims any duty or obligation to update this information, except as may be required by law.
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SOURCE EPLUS INC.
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