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EDMONTON, ALBERTA, CANADA and HERNDON, VIRGINIA, UNITED STATES — Upside Software Inc., an integrated business-to-business (B2B) enterprise solution provider, and ePlus, inc. (Nasdaq NM: PLUS - news), a leading provider of business solutions and services, announced today they have established a strategic business, marketing and technical relationship to promote ePlus procurement solutions in association with Upside Software’s products and services to prospective customers in Canada.

ePlus will supply its Procure+™ software product, documentation and related support services to complement Upside Software’s UpsideContract software and integration service offerings. The two companies will work jointly to promote, market and sell their combined offerings.

“ePlus is pleased to join with Upside Software to approach the Canadian market. We have just raised the bar in terms of the value and ROI that can be delivered through online procurement,” said Ken Farber, Executive Vice President, ePlus Systems, Inc.  “The power and value of the Procure+ solution, combined with the features of UpsideContract and the market knowledge of Upside Software’s people, create a compelling value proposition for this strategic alliance.”

Ashif Mawji, CEO of Upside Software, said, “ePlus has a strong electronic procurement offering that, in combination with our contract and invoice management solutions, creates a complete online strategy.”  Mr. Mawji continued, “Jointly we can offer any organization an eProcurement solution that handles catalog-based spot market purchases as well as very complex, contract-driven procurement requirements.  There is no other provider out there that can match the flexibility we have with the strategic Procure+ and UpsideContract solution.”

About Upside Software

Upside Software provides integrated enterprise solutions that help streamline financial and business operations for companies of any size. The company’s web-based solutions focus on electronic billing, contract management, expense claim management and time-based resource booking management and are based on Microsoft technologies. Through improved business processes and leveraged business intelligence, Upside Software’s customers can reduce operating costs and improve customer and supplier relationships. The companies corporate and ASP implementations are delivered to customers within 40 days and provide a full return-on-investment (ROI) in less than one year. For more information about Upside Software and our suite of business solutions, visit the company’s Web site at .

About ePlus

ePlus is a leading provider of Web-based e-procurement, asset management, financing solutions and eContent management and outsourcing. The ePlusSuite of products and services is comprised of Procure+, MarketBuilder, Manage + , Finance + , Service + , and the ePlusMarket, to help today’s businesses dynamically streamline, improve, and gain management control. ePlus also has an eContent creation and management suite of products. ePlus solutions integrate and automate the supply chain process from requisition to approval, fulfillment, financing and asset management.

Founded in 1990, the company is headquartered in Herndon, VA and has more than 25 locations in the US. For more information, visit their website at http://www.eplus.com/, call 800-827-5711 or email to info@eplus.com.

EPlus “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements. Actual and anticipated future results may vary due to the following risks and uncertainties, including, without limitation, general economic conditions; fluctuations in operating results; its ability to effectively manage future growth, to retain and efficiently integrate our executive management team, and to identify, hire, train and retain, in a highly competitive market, individuals highly skilled in the Internet and its rapidly changing technology; the lack of long-term contracts in certain business units; its ability to enter into and retain its existing, strategic relationships; market acceptance; rapid technological change; a decline in Internet usage and intense competition in its market; its ability to effectively integrate the operational, managerial and financial aspects of future acquisitions; demand and competition for the Company’s lease financing and equipment sales and asset management services, and the products to be leased or sold by the Company; the continued availability to the Company of adequate financing including permanent non-recourse and recourse debt, and working capital lines of credit; the ability of the Company to recover its investment in equipment through remarketing; the successful execution of its e-commerce strategy; the amount of equipment ordered, purchased and/or leased by its customers; and other risks or uncertainties detailed in the Company’s Securities and Exchange Commission filings. Investors are cautioned that current financial results may not be indicative of future results.  

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