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HERNDON, Va. - ePlus inc. (NASDAQ:PLUS), a technology solutions provider with a market capitalization of $1.88 billion, announced Wednesday that its subsidiary, OneCloud Consulting, has acquired substantially all of the operating assets of Realwave, Inc., a software company specializing in cloud-based, AI-powered automated data analysis. According to InvestingPro data, ePlus maintains a strong financial position with more cash than debt on its balance sheet.
The acquisition strengthens ePlus’ portfolio of AI-enabled solutions and services. Realwave’s technology can integrate with various data sources including video, point-of-sale systems, Internet of Things devices, sensors, and digital locks to automatically detect events and trigger business process automation without human intervention. With a healthy current ratio of 2.04 and annual revenue of $2.17 billion, ePlus demonstrates the financial capability to pursue strategic acquisitions.
"This transaction is consistent with our defined strategy of making targeted investments that help fuel our growth through expansion and enhancement of our technology solutions and services," said Ken Farber, president of ePlus Software, in a press release statement.
The Realwave platform collects information from diverse data sources, translates it into a common format, and combines the data to produce actionable insights. This capability is expected to support AI-based applications across multiple sectors including retail, transportation, healthcare, financial services, and campus environments.
ePlus, headquartered in Virginia, has been operating for over three decades and employs more than 2,100 people across the United States, United Kingdom, Europe, and Asia-Pacific regions.
The financial terms of the transaction were not disclosed.
In other recent news, ePlus Inc. announced its financial results for Q1 FY2026, surpassing analyst expectations. The company reported earnings per share of $1.26, which exceeded the projected $1.01 by 24.75%. Revenue for the quarter was $637.3 million, beating the anticipated $527.4 million by 20.84%. These results highlight a strong performance for the period. Despite the positive earnings and revenue figures, the market reaction was cautious. Analysts had previously set lower expectations, which ePlus managed to surpass significantly. There are no recent upgrades or downgrades reported from analyst firms regarding ePlus. These developments reflect the latest financial status of the company.
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