Stock Report: ePlus Inc. (PLUS) Report Updated: May 20, 2013 | Print This Page

ePlus inc., through its subsidiaries, sells, leases, finances, and manages information technology (IT) and other assets in the United States. The company’s Technology Sales Business segment is involved in direct marketing of IT equipment and third-party software solutions of Cisco Systems, Hewlett Packard, VMWare, NetApp, IBM, and Microsoft, as well as offers proprietary software for enterprise supply management, including order-entry and order-management software; procurement; spend, asset, and document management; distribution; and electronic catalog content management software and services. This segment also provides technology solutions in the areas of data center, storage, security, cloud enablement, and IT infrastructure that cover Internet telephony and communications, collaboration, cloud computing, virtual desktop infrastructure, network design and implementation, storage, security, virtualization, business continuity, visual communications, audio/visual technologies, maintenance, and implementation services. Its Financing Business segment offers various leasing and financing options for IT products and capital assets, such as computers, associated accessories and software, communication-related equipment, medical equipment, industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment. This segment also leases and finances equipment; and supplies software and services directly and through relationships with vendors and equipment manufacturers. ePlus sells its products through direct sales force, inside sales representatives, and business development associates to commercial customers; federal, state, and local governments; hospitals; healthcare providers; K-12 schools; and higher education institutions. The company was formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.