ePlus Announces Storage-as-a-Service Leveraging NetApp

Rhea-AI Summary

ePlus has announced an expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone, providing a flexible and dynamic storage consumption model.

This offering includes benefits such as accelerated issue resolution, enhanced capacity planning, and a pay-as-you-grow pricing model, allowing organizations to align storage costs with actual usage and scale on demand. The service is backed by ePlus's technical support and customer success resources, ensuring minimal downtime and maximum productivity.

NetApp Keystone offers a hybrid cloud experience via a single subscription, reducing the burden of data storage management and enabling IT teams to focus on business outcomes.

Positive

• ePlus expands STaaS portfolio with NetApp Keystone.
• Flexible, dynamic storage consumption model.
• Accelerated issue resolution and enhanced capacity planning.
• Pay-as-you-grow model aligns costs with usage.
• On-demand scalability for changing business needs.
• Supported by ePlus technical support and customer success team.

Negative

• None.

Tech Expert

The introduction of ePlus Storage-as-a-Service leveraging NetApp's Keystone is an important move in the enterprise storage sector. Storage-as-a-Service (STaaS) models are becoming increasingly popular as they offer several advantages, such as flexibility and cost-efficiency. With the pay-as-you-grow model, businesses can align their storage costs with actual usage, reducing the risk of overprovisioning—a common issue that leads to unnecessary expenses. This makes the STaaS model highly appealing for organizations with fluctuating storage needs.

Moreover, the integration with NetApp Keystone ensures the service is built on a robust platform known for reliability and performance. NetApp's focus on a hybrid cloud experience allows businesses to leverage both on-premises and cloud storage solutions seamlessly, providing flexibility in data management. This kind of adaptability is important in today's dynamic IT environments.

From a technical standpoint, the support and customer success resources offered by ePlus add significant value, ensuring that clients not only deploy the technology but also maximize its utility.

Financial Analyst

ePlus's expansion into Storage-as-a-Service (STaaS) leveraging NetApp Keystone can be seen as a strategic move to capture a larger share of the growing $30 billion enterprise storage market. This transition to a subscription-based model can provide a more predictable revenue stream and potentially higher margins compared to traditional hardware sales. The ability to scale storage on demand, aligned with consumption patterns, appeals to both small and large enterprises, which could significantly broaden ePlus's customer base.

However, investors should be wary of the capital expenditures required to support this service model. Initial investments in infrastructure and technology integrations might impact short-term profitability. Nonetheless, the long-term benefits, including customer retention and the potential for upselling additional services, can outweigh these initial costs.

In the context of competitive positioning, this partnership with NetApp strengthens ePlus's value proposition. NetApp's established reputation and market presence can provide a competitive edge and attract clients who prefer proven technology vendors. Monitoring the adoption rate and clients' satisfaction will be key indicators of the success of this new service.

Delivers highly-dynamic and flexible consumption model for enterprise storage complemented by first-call support and customer success resources

HERNDON, Va., July 12, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the expansion of its Storage-as-a-Service (STaaS) portfolio by launching ePlus STaaS with NetApp Keystone. As an enhancement to NetApp Keystone Partner program, the ePlus offering combines flexible subscription models for storage consumption via NetApp Keystone with ePlus technical support and customer success resources. 

ePlus Storage-as-a-Service enables organizations to leverage:

• Accelerated Issue Resolution: Gain faster access to experienced support, minimizing downtime and maximizing productivity.
• Enhanced Capacity Planning: Optimize storage resources with insights into usage patterns, billing, and future needs.
• Pay-As-You-Grow Model: Align storage costs with actual consumption, eliminating overprovisioning and unexpected expenses.
• On-Demand Scalability: Easily adapt to changing business demands with burst capacity for seamless growth and agility.

"Our commitment is to provide customers with the industry's best technologies in a cloud-like experience for their on-premises data center infrastructure," said Justin Mescher, vice president of AI, Cloud and Data Center Solutions at ePlus. "ePlus Storage-as-a-Service leveraging NetApp Keystone addresses the challenges of capacity planning in today's dynamic IT landscape. Customers can now leverage enterprise-grade NetApp technology, backed by our dedicated support and customer success team, for a worry-free, scalable storage solution."

"NetApp Keystone delivers a real hybrid cloud experience in a single subscription, reducing the burdens of managing data storage and allowing IT teams to focus on driving beneficial outcomes for the business," said David Sznewajs, vice president, U.S. Partner Organization at NetApp. "By working with ePlus, we are giving more organizations the chance to benefit from a fully managed service that can grow and scale with their business, supported by a team of experts to offer technical support and customer success."

For more information about ePlus Storage-as-a-Service powered by NetApp, visit www.eplus.com/STaaS.

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 Virginia, with locations in the United States, UK, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, X, Facebook, and Instagram. ePlus, Where Technology Means More^®.

ePlus^®, Where Technology Means More^®, 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, products, and services mentioned herein may be the trademarks of their respective owners.

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". 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.

FAQ

What is ePlus STaaS with NetApp Keystone?

ePlus STaaS with NetApp Keystone is an expansion of ePlus's Storage-as-a-Service portfolio offering a flexible storage consumption model with benefits like accelerated issue resolution, enhanced capacity planning, and on-demand scalability.

When was ePlus STaaS with NetApp Keystone announced?

The ePlus STaaS with NetApp Keystone was announced on July 12, 2024.

What are the benefits of ePlus STaaS with NetApp Keystone?

Benefits include accelerated issue resolution, enhanced capacity planning, a pay-as-you-grow model, and on-demand scalability, backed by ePlus technical support and customer success resources.

How does the pay-as-you-grow model in ePlus STaaS work?

The pay-as-you-grow model aligns storage costs with actual consumption, eliminating overprovisioning and unexpected expenses.

What support does ePlus provide for its STaaS with NetApp Keystone?

ePlus provides technical support and customer success resources to ensure minimal downtime and maximum productivity for their STaaS with NetApp Keystone.