EPlus Inc

ePlus Inc.
Public
Traded as NASDAQ: PLUS
Industry application software
Founded 1990
Headquarters Herndon, Virginia, US
Area served
 United States
Revenue $1.03 Billion(As of 2013)[1]
Website http://www.eplus.com

ePlus, Inc. (NASDAQ: PLUS) is an American IT assets selling and financing company headquartered in Herndon, Virginia.The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus, inc. in 1999.[2] In February, 2014, the company’s subsidiary, ePlus Technology Inc., was awarded by Cisco as Customer Satisfaction Excellence Golden Star because of its 12-month quality service.[3] The company has joined the Cloudera Connect Partner Program, which is most influential community of industry’s IT vendors and sellers for Hadoop-based applications.[4] It has a market capitalization of $461.34 Million with an enterprise value (As of February 2014) of $559 Million.[1]

Operations

The company has two segments: The technology and Financing. The technology segment provides IT services to over nine global IT companies, including Cisco Systems, Hewlett Packard, Apple Inc., Dell and Microsoft[2] The financing division is engaged in providing equipment, software and relevant solutions to government and government-oriented entities.[2][5] In November, 2013, the company’s subsidiary, ePlus Technology Inc, acquired Advistor Inc.[6]

In February 4, 2014, The company expanded its Managed Services operations with a new center, which is ePlus' third Managed Services Center in the United States in the Raleigh, North Carolina, area.[7] The company provides customers with lifecycle management, and financing for IT products and services.[5]

The company is one of the over 50 potential attendants of the 15th Global IT M&A Forum, which will open in San Francisco during March 5 and 6 of 2014[8]

References

Notes
  1. 1 2 "ePlus Key Statistics | PLUS: Summary for ePlus inc.- Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-19.
  2. 1 2 3 "PLUS Profile |ePlus inc. Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-19.
  3. ↑ "ePlus Recognized by Cisco for Excellence in Customer Satisfaction in the United States". Finance.yahoo.com. 2014-02-18. Retrieved 2014-02-20.
  4. ↑ "ePlus Joins Cloudera Connect Partner Program Nasdaq:PLUS". Globenewswire.com. 2013-12-18. Retrieved 2014-02-20.
  5. 1 2 "ePlus Annual Report for 2013. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]". SEC.gov. 2013-06-06. Retrieved 2014-02-20.
  6. ↑ "ePlus Inc. Reuters.com". Reuters. com. Retrieved 2014-02-20.
  7. ↑ "ePlus Opens New Managed Services Center in Morrisville". governor.state.nc.us. 2014-02-05. Retrieved 2014-02-20.
  8. ↑ "The 15th Global IT M&A Forum, Only Live 24-Hour IT M&A Marketplace, Opens in San Francisco". 2014-01-27. Retrieved 2014-02-20.

External links

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