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ePlus Technology and the Association of Jesuit Colleges and Universities Create IT Buying Consortium


HERNDON, VA - May 14, 2012 - ePlus inc. (NASDAQ NGS: PLUS - news) announced today that its subsidiary, ePlus Technology, inc., has created a buying consortium for IT purchases for the Association of Jesuit Colleges and Universities (AJCU), a national voluntary service organization whose mission is to serve its 28 member institutions.
 
ePlus will offer negotiated pricing based on the combined spend of all participating AJCU member institutions through OneSource IT. The free portal for ePlus customers simplifies the procurement process and enables organizations to reduce the overall cost of acquiring IT products and services. With OneSource IT, ePlus customers can:
  • Easily search for and source IT assets from the extensive ePlus catalog
  • Simplify and automate procurement and workflow to reduce errors and costs
  • Make optimal purchasing decisions based on real-time product price and availability from 500,000+ products across multiple warehouses
Through the buying consortium, member institutions make purchases independently and have access to their own personalized OneSource IT portal, including individual purchase history, order details, terms, billing, processes, and more-with access to AJCU consortium shared pricing rules.
 
"We are excited to increase the collective negotiating position for all AJCU members and acquire higher value hardware and software products," said Steve Gallagher, CIO at University of San Francisco and president of the AJCU Conference on IT Management. "One-size-fits-all, multi-institution agreements are difficult to negotiate with vendors and within our respective institutions. By partnering with ePlus, a trusted reseller, we can offer our members individualized and sophisticated purchasing portal access with robust functionality, and rely on ePlus to manage our hybrid consortium and university-specific pricing rules. It is truly a win-win for all parties involved."
 
"We're pleased to offer the IT buying consortium to AJCU," said Mark Marron, president of ePlus Technology. "Using OneSource IT and leveraging their aggregated buying power, member institutions will be able to streamline, consolidate, organize, and manage procurement and sourcing from IT suppliers with ease-while maintaining their individual procedures, rules, and customized portals."
 
About the Association of Jesuit Colleges and Universities
 
The Association of Jesuit Colleges and Universities (AJCU) was founded in July 1970 as a national organization to serve its members, the 28 Jesuit colleges and universities in the United States. The Association serves as a facilitator for various cooperative initiatives such as fostering Jesuit, Catholic identity and institutional and international collaboration, educating for a faith that does justice, supporting leadership initiatives, and developing a distance education network (JesuitNET). Through its various communication efforts and Conferences, the AJCU provides a forum for the exchange of information and experiences in the lively world of Jesuit higher education today. For more information, visit http://www.ajcunet.edu/About-AJCU.
 
About ePlus inc.
 
ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 800 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit http://www.eplus.com/, call 888-482-1122, or email info@eplus.com.
 
ePlus, OneSource IT, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.
 
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, our ability to consummate and integrate acquisitions; possible adverse effects resulting from the recent financial crisis in the credit markets and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.
 

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