Since our IPO in November, 1996, we have acquired 10 businesses within the United States and presently have three operating subsidiaries which are combined into two business segments: ePlus Group, Inc., our leasing and business process outsourcing company (the Financing Business Unit), and ePlus Technology, Inc., our IT sales and services company, which is combined with ePlus Systems, Inc., our software company to form our Technology Sales Business Unit. The remaining businesses have been operationally consolidated into our core companies, although we have successfully maintained local market presence with sales and services capabilties customized to each location. All administrative functions are integrated into our core companies.
ePlus Corporate Overview
|
Year Acquired |
Acquisition |
Business Locations |
Business |
Strategy |
| 2004 |
Certain assets and liabilities from Manchester Technologies, Inc. (merged into ePlus Technology, Inc. and ePlus Systems, Inc.)
|
Boca Raton, FL, Columbia, MD, New York, NY, Hauppauge, NY, and Pittsford, NY |
IT Sales and Services |
Geographic and installed base expansion; consulting and software development |
| 2003 |
Certain assets and liabilities from Digital Paper Corporation (merged into ePlus Document Systems, inc.)
|
N/A |
Web-Based Document Access and Collaboration |
Strong stand-alone software for cross-selling opportunities, and future ability to extend core software application |
| 2002 |
Certain assets and liabilities from Elcom International, Inc.’s IT fulfillment and professional service business (merged into ePlus Technology, inc. upon acquisition)
|
Boston, MA, Philadelphia, PA, San Diego, CA and New York, NY |
IT Sales and Services |
Geographic and installed base expansion; order automation software |
| 2001 |
SourceOne Computer Corporation (merged into ePlus Technology, inc. upon acquisition)
|
Campbell, CA |
IT Sales and Services |
Geographic and installed base expansion. |
| 2001 |
Certain assets and liabilities from ProcureNet, Inc. (merged into newly created entities ePlus Systems, inc. and ePlus Content Services, inc.)
|
Avon, CT and
Houston, TX |
eProcurement and Product content management Software |
Core eProcurement and product content management software platform. |
| 1999 |
Certain assets and liabilities from ICN, Inc.
|
Herndon, VA |
IT Sales and Services |
Geographic and installed base expansion. |
| 1999 |
CLG, Inc. (merged into ePlus Group, inc. upon acquisition)
|
Raleigh, NC |
Leasing Company |
Asset Gathering |
| 1998 |
PC Plus, Inc. (now named ePlus Technology, inc.)
|
Herndon, VA |
IT Sales and Services |
Geographic and installed base expansion. |
| 1997 |
Educational Computer Concepts, Inc. (now included in ePlus Technology, inc.)
|
Pottstown, PA |
IT Sales and Services |
Geographic and installed base expansion. |
| 1997 |
Compuventures of Pitt County, Inc. (now included in ePlus Technology, inc.)
|
Wilmington, Greenville, and Raleigh, NC |
IT Sales and Services |
Geographic and installed base expansion. |
|
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