EPlus explained

ePlus Inc.
Type:Public
Traded As:NASDAQ:
S&P 600 Component
Industry:Technology solutions provider
Location:Herndon, Virginia
Location Country:US
Area Served:United States
Num Employees:1500
Revenue:$1.6 billion [1]

ePlus Inc. 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]

History and operations

The company has two segments: Technology and Financing. The technology segment provides services to 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] [3] In November 2013, the company's subsidiary, ePlus Technology Inc, acquired Advistor Inc.[4]

On 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.[5] The company provides customers with lifecycle management, and financing for IT products and services.[3]

In July 2022, ePlus acquired Future Com, Ltd., a Texas-based provider of cyber security solutions. [6]

Notes and References

  1. Web site: PLUS Key Statistics | ePlus inc. Stock - Yahoo Finance. finance.yahoo.com. 2019-10-12.
  2. Web site: PLUS Profile |ePlus inc. Stock - Yahoo! Finance . Finance.yahoo.com . 2014-02-19.
  3. Web site: 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. 2014-02-20.
  4. Web site: ePlus Inc. Reuters.com. Reuters. com. 2014-02-20.
  5. Web site: ePlus Opens New Managed Services Center in Morrisville. governor.state.nc.us. 2014-02-05. 2014-02-20.
  6. Web site: ePlus acquires cyber security firm Future Com Seeking Alpha . 2022-07-20 . seekingalpha.com . 18 July 2022 . en.