ePlus inc. announced that its subsidiary, OneCloud Consulting, inc., has acquired substantially all of the operating assets of Realwave, Inc. Realwave is a software company specializing in cloud-based, AI-powered, automated data analysis. This acquisition strengthens ePlus's growing portfolio of AI-enabled, data, and deep learning solutions and services.
The acquired assets expand ePlus's ability to serve customers with AI-powered technologies by integrating cameras and IoT capabilities with other sensor data. Realwave's platform can automatically detect events, make decisions, and trigger business process automation without human intervention, pulling information from various data sources and translating it into actionable insights.
Ken Farber, president of ePlus Software, stated that this transaction is consistent with the company's strategy of making targeted investments to fuel growth through the expansion and enhancement of its technology solutions and services. The incorporation of automated and intelligent data and video capabilities opens a wide range of AI-based applications for customers across diverse sectors, including retail, transportation, healthcare, and financial industries. Terms of the transaction were not disclosed.
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