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About
ePlus, Inc. operates as a holding company with interest in providing technology products and services, flexible leasing solutions and enterprise supply management solutions. It operates through two business segments: Technology and Financing. The Technology segment includes sales of information technology products, third-party software, advanced professional and managed services, and third-party maintenance contracts and its proprietary software. The Financing segment consists of the financing of equipment, software and related services. Both segments sell to commercial entities, state and local governments, and government contractors. ePlus was founded by Bruce M. Bowen in 1990 and is headquartered in Herndon, VA. | |||
Description
ePlus inc., through its subsidiaries, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, including hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, such as data center solutions, network services, collaboration and mobility services, managed services, staff augmentation services, server and desktop support, professional services, proprietary services, and project management services. This segment offers OneSource software products, which consist of OneSource IT, an online Web based software portal for customers purchasing IT equipment, software, and services; OneSource Procurement, a Web-based software tool to facilitate procurement of various assets; OneSource Asset Management, a software platform for managing and tracking corporate assets, including vendor maintenance contracts; and OneSource DigitalPaper, a document management software application. The Financing segment specializes in financing arrangements, including direct financing, sales-type and operating leases, notes receivable, and consumption based financing arrangements, as well as underwriting and management of IT equipment and assets. Its financing operations include sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment comprising accessories and software, communication-related equipment, and medical equipment. The company serves commercial entities, state and local governments, government contractors, and educational 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. |