BUSINESS COMBINATIONS

3 Months Ended

Jun. 30, 2022

14.	BUSINESS COMBINATIONS

FUTURE COM

On July 15, 2022, our subsidiary, ePlus Technology, inc., acquired certain assets and liabilities of Future Com, Ltd., a Texas-based provider of cyber security solutions, cloud security and security consulting services throughout the US. Our acquisition provides access to enhanced engineering, sales, and services delivery capabilities in the South-Central US region, as well as bolstering the skills and expertise surrounding ePlus’ growing cyber security practice. Our preliminary total consideration transferred was $13.0 million, which was paid in cash at closing. As of our filing date, our initial accounting for the business combination is incomplete.