ePlus inc. (PLUS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how ePlus inc. (PLUS), a key player in IT solutions, has evolved since its inception in 1990? With the company's revenue reaching $2.23 billion in 2024 and a strategic focus on high-growth areas like AI and security, is it positioned to maintain its competitive edge? Dive in to explore the history, ownership structure, core mission, and the mechanics driving its revenue and success.

ePlus inc. (PLUS) History

ePlus inc. Founding Timeline

Year established

The company was established in 1990.

Original location

The original location is Herndon, Virginia.

Founding team members

The founders were Phillip G. Norton, Mark P. Marron, Anthony J. Caridi, and Vinnie J. Chieco.

Initial capital/funding

Information regarding the initial capital or funding for ePlus inc. is not available in the provided search results.

ePlus inc. Evolution Milestones

ePlus inc. Transformative Moments

ePlus inc. has undergone several transformative moments that have shaped its trajectory:

• Shift to IT Solutions: Transitioning from primarily a leasing company to a comprehensive IT solutions provider significantly broadened its market reach and service offerings.
• Strategic Acquisitions: Key acquisitions have allowed ePlus to deepen its expertise and expand its portfolio in critical areas such as cloud computing, cybersecurity, and managed services.
• Public Offering: The IPO in 1997 marked a pivotal moment, providing capital for expansion and increasing the company's visibility in the market.

These moments reflect a strategic evolution aimed at staying relevant and competitive in the rapidly changing technology landscape.

For more insights into ePlus inc.'s investor profile, you can read this article: Exploring ePlus inc. (PLUS) Investor Profile: Who’s Buying and Why?

ePlus inc. (PLUS) Ownership Structure

ePlus inc. operates with a mixed ownership structure, featuring a combination of institutional, insider, and retail investors, which influences its governance and strategic direction.

ePlus inc.'s Current Status

ePlus inc. is a publicly traded company, listed on the Nasdaq Stock Market under the ticker symbol PLUS. As a public entity, it is subject to regulatory oversight and reporting requirements, ensuring transparency for investors and stakeholders.

ePlus inc.'s Ownership Breakdown

The ownership of ePlus inc. is distributed among various types of shareholders. Here’s a breakdown:

ePlus inc.'s Leadership

The leadership team plays a crucial role in guiding the strategic direction and operational execution of the company. Here are some of the key figures:

• Mark Daniel Marin: Serves as the Chief Executive Officer (CEO) and President.
• Darren M. Vengroff: Holds the position of Chief Financial Officer (CFO).
• Erica L. Martin: Functions as the Chief Accounting Officer (CAO).

These individuals, along with other members of the executive team, are instrumental in shaping the company's policies, driving growth, and ensuring it meets its financial and strategic goals. For more insights into the company's mission and values, explore: Mission Statement, Vision, & Core Values of ePlus inc. (PLUS).

ePlus inc. (PLUS) Mission and Values

ePlus inc. aims to deliver innovative technology solutions that empower organizations to achieve their business objectives. The company is committed to fostering strong relationships with its clients and partners, underpinned by integrity and a dedication to excellence.

ePlus inc.'s Core Purpose

Official mission statement

ePlus does not have a formal, published mission statement. However, through analysis of their business activities and statements, their mission can be understood as follows:

• To enable organizations to achieve their objectives through transformative technology solutions.
• To deliver exceptional customer service and build lasting partnerships.
• To cultivate a culture of innovation, integrity, and excellence.

Vision statement

ePlus does not have a formal, published vision statement. However, their vision can be inferred from their strategic goals and industry positioning:

• To be a leading provider of technology solutions, recognized for innovation and customer satisfaction.
• To drive digital transformation for businesses, helping them stay competitive in a rapidly evolving landscape.
• To expand their portfolio of services and solutions, addressing the emerging needs of their clients.

Company slogan/tagline

ePlus's tagline is: 'Technology at Work'.

• This tagline encapsulates the company's focus on providing practical and effective technology solutions.
• It reflects their commitment to ensuring that technology investments deliver tangible business outcomes.
• The slogan highlights their approach to tailoring technology to meet the specific needs of each client.

To gain more insights into the investors and stakeholders behind ePlus inc., explore Exploring ePlus inc. (PLUS) Investor Profile: Who’s Buying and Why?

ePlus inc. (PLUS) How It Works

ePlus inc. operates as a leading provider of technology solutions, offering a wide array of services from IT infrastructure and cloud solutions to security and managed services. The company assists businesses in designing, deploying, and managing their IT environments, aiming to enhance efficiency, security, and overall performance.

ePlus inc.'s Product/Service Portfolio

ePlus inc.'s Operational Framework

ePlus inc. focuses on delivering integrated technology solutions through a consultative approach. Key aspects of their operational framework include:

• Assessment and Design: ePlus inc. begins by assessing a client's current IT infrastructure and business needs to design a customized solution.
• Procurement and Deployment: The company procures the necessary hardware and software and manages the deployment process, ensuring seamless integration with existing systems.
• Implementation Services: ePlus inc. offers a suite of implementation services, ensuring solutions are effectively integrated into the client's environment.
• Ongoing Support and Management: They provide continuous support and managed services to optimize the performance and security of the IT environment.

ePlus inc.'s Strategic Advantages

ePlus inc. has several strategic advantages that enable it to succeed in the competitive technology solutions market:

• Strong Vendor Partnerships: ePlus inc. maintains strong relationships with leading technology vendors, allowing them to offer a wide range of best-in-class solutions.
• Technical Expertise: The company employs highly skilled engineers and consultants with deep technical expertise across various IT domains.
• Customer-Centric Approach: ePlus inc. focuses on understanding each client's unique needs and delivering tailored solutions that address their specific challenges.
• Comprehensive Service Portfolio: From infrastructure to cloud to security, ePlus inc. offers a comprehensive suite of services, making them a one-stop-shop for IT solutions.
• Scalability and Flexibility: ePlus inc.'s solutions are designed to be scalable and flexible, allowing clients to adapt to changing business needs and emerging technologies.

To delve deeper into the company's core values and guiding principles, check out Mission Statement, Vision, & Core Values of ePlus inc. (PLUS).

ePlus inc. (PLUS) How It Makes Money

ePlus inc. primarily generates revenue by providing information technology (IT) solutions, including hardware, software, and services such as cloud, security, and managed services.

ePlus inc.'s Revenue Breakdown

ePlus inc. generates revenue through two primary segments: Technology and Financing. The technology segment focuses on sales of IT products and services, while the financing segment includes the revenue from leasing arrangements.

ePlus inc.'s Business Economics

ePlus inc.'s business economics are shaped by several key factors:

• Pricing Strategies: ePlus likely employs a mix of cost-plus, competitive, and value-based pricing strategies. Hardware and software may be priced competitively, while specialized services such as cloud solutions and managed services could command higher margins based on the value delivered.
• Economic Fundamentals: The demand for ePlus's offerings is closely tied to the overall health of the IT spending environment. Economic growth typically spurs greater investment in IT infrastructure and digital transformation initiatives, benefiting ePlus. Conversely, economic downturns can lead to reduced IT spending, impacting revenue.
• Gross Profit Margins: ePlus's gross profit margins are influenced by the mix of products and services sold. Services generally have higher margins compared to hardware. The company's ability to negotiate favorable terms with vendors and efficiently deliver services also impacts profitability.

ePlus inc.'s Financial Performance

ePlus inc.'s financial performance can be assessed through the following points:

• For the fiscal year 2024, ePlus inc. reported net sales of $2.27 billion, a 1.8% increase compared to the previous year.
• The company's gross profit for fiscal year 2024 was $564.9 million, up by 5.8% year-over-year.
• ePlus inc. reported net earnings of $93.2 million for fiscal year 2024.
• As of March 31, 2024, ePlus inc. had cash and cash equivalents of $123.8 million.

For a deeper dive into ePlus inc.'s financial health, check out this analysis: Breaking Down ePlus inc. (PLUS) Financial Health: Key Insights for Investors

ePlus inc. (PLUS) Market Position & Future Outlook