This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EPlus Solutions Receive SAS 70 Type II Accreditation

Stocks in this article: PLUS

HERNDON, Va., Feb. 24, 2011 (GLOBE NEWSWIRE) -- e Plus inc. (Nasdaq:PLUS) announced today that it has successfully completed a fourth consecutive unqualified SAS 70 Type II examination for its eProcurement and content management solutions, as well as new SAS 70 Type II examinations for its IT procurement portal and asset management solutions. The Type II examinations were performed in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA).

The e Plus SAS 70 report, conducted by one of the nation's leading service audit firms specializing in SAS 70 services, found that for the period of January 1, 2010 to September 30, 2010, both the design and operating effectiveness of certain controls supporting e Plus' Procure+, Content+, OneSource IT, and Manage+ solutions provided "reasonable assurance" that the specified control objectives were achieved.

The SAS 70 Type II report provides an authoritative and independent assessment of a service provider's adherence to process controls in alignment with Sarbanes-Oxley requirements. The examinations were performed in accordance with standards established by the American Institute of Certified Public Accountants and included those procedures considered necessary in the circumstances to obtain a reasonable basis for rendering an opinion. The examinations covered nearly 100 specific controls to obtain evidence about e Plus' effectiveness in meeting the control objectives.

"The unqualified reports such as we have received for both our eProcurement and content solutions are the highest outcome resulting from the examinations," said Ken Farber, president of e Plus Systems and Content Services. "With four consecutive unqualified SAS 70 Type II audit reports, e Plus has shown that not only do we have the rigorous controls in place in order to qualify for the audit report, but also that we have demonstrated our consistency in achieving these control objectives over several years for our hosted solutions."

"We're proud to have also completed the Type II examination for OneSource IT and Manage+ services this year," explained Mark Marron, president of e Plus Technology. "We are pleased to be able to provide this new report to our customers as evidence of the well-documented and highly-disciplined control activities surrounding the development, testing, and deployment of our hosted eProcurement and content management solutions as well as our IT procurement and asset management offerings."

The scope of the e Plus Type II examination included:

  • Procure+, the company's eProcurement solution that provides catalog, bidding, ordering, inventory, and invoice matching management for the entire purchasing process
  • Content+ and the Supplier Portal, which enables suppliers to upload and maintain their online catalogs
  • OneSource IT, an automated IT portal that allows users to easily search for and source IT assets from the extensive e Plus catalog as well as simplify and automate procurement
  • Manage+, a complete asset management solution that provides a hosted Internet asset repository with customized reporting and electronic data interchange capabilities, including integration with legacy enterprise systems

e Plus believes that its customers may use the e Plus Type II report to support their compliance with the Sarbanes-Oxley Act of 2002 for those services outsourced to e Plus. Customers interested in receiving the latest report may register to receive it at e Plus SAS 70 Audit Report .

More information about e Plus solutions covered in the SAS 70 Type II Accreditation report can be found on e Plus' website: Procure+, Content +, OneSource IT, and Manage+.  

For additional information about SAS 70, visit .

About e Plus inc.

e Plus is a leading provider of technology solutions.  e Plus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, professional services, flexible lease financing, proprietary software, and patented business methods. Founded in 1990, e Plus has more than 690 associates in 20+ locations serving federal, state, municipal, and commercial customers. The Company is headquartered in Herndon, VA. For more information, visit , call 888-482-1122, or email

e Plus ®, Procure+ ®, Content+ ®, OneSource ® IT, Manage+ ®, and e Plus products referenced herein are either registered trademarks or trademarks of e Plus inc. in the United States and/or other countries.

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 the recent financial crisis in the credit markets 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, the possibility of additional goodwill impairment charges, and restrictions on our access to capital necessary to fund our operations; the demand for and acceptance of, our products and 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; our ability to consummate and integrate acquisitions; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to reserve adequately for credit losses; 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 e Plus undertakes no duty or obligation to update this information.

CONTACT: Kleyton Parkhurst, SVP
         ePlus inc.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs