Former Executives of NetIQ and Uniform Code Council Join ePlus to
Lead Sales and Marketing Initiatives
HERNDON, VA – November 3, 2005 – ePlus inc. (Nasdaq NM: PLUS – news), a leading provider of Enterprise Cost Management solutions, today announced the appointment of Mark Marron as Senior Vice President of Sales and Chris Benedetto as Vice President of Marketing. The executives will be responsible for ePlus' rollout of its On Demand offering which is scheduled for introduction in the first half of 2006.
"The on demand supply chain marketplace should develop into a great opportunity for ePlus. With our extensive domain knowledge and business process experience, the robust functionality of our proprietary software, and deep experience providing outsourced managed services, we are uniquely positioned to become the leader in the market," stated Phillip G. Norton, chairman, president and CEO of ePlus. "Our goal is to become the leading solution provider of On Demand Enterprise Cost Management (ECM) services and solutions that improve the bottom line performance of our customers."
Mark P. Marron, a 20-year industry veteran, was formally with NetIQ where he held the position of senior vice president of worldwide sales. Prior to joining NetIQ, Mr. Marron served as general manager of worldwide channel sales for Computer Associates International Inc., a provider of software and services that enable organizations to manage their IT environments. Mr. Marron has extensive experience throughout North America, Europe, the Middle East, and Africa and holds a B.S. in Computer Science from Montclair State University.
Chris Benedetto draws upon his 15 years of experience leading product marketing, corporate marketing, and business development teams to spearhead marketing for ePlus. Most recently, Mr. Benedetto was senior director of strategy and planning at the Uniform Code Council, where he led the development of corporate marketing programs and served as executive director of the solution provider board which is composed of software and consultant companies that enable bar code, RFID, RosettaNet, and UNSPC standards. Previously, Mr. Benedetto oversaw product and segment marketing for Bluestone Software and HP.
"ePlus will provide a comprehensive and cost-effective set of on demand applications, services, and solutions to reduce the costs of purchasing, owning, and financing IT goods and services. This puts CFOs, purchasing organizations, and users in better control of their business," said Benedetto. "I look forward to working with this talented team to make Enterprise Cost Management the de-facto, cost-effective approach for enterprises of all sizes."
Mr. Marron stated, "ePlus has established itself as an innovator of Enterprise Cost Management Solutions within the industry. The suite of solutions and services offered by ePlus establishes a foundation that enables clients and prospects to leverage their spend, automate the supply chain, and maximize return on investment." He continued, "I am excited about the opportunity and potential our ECM solutions have to contribute to the success of the company, while continuing to address key market needs for our customers."
About ePlus inc.
ePlus is a leading provider of Enterprise Cost Management solutions to information technology, finance, procurement, operations, and supply chain professionals that want to reduce the costs of finding, purchasing, managing, and financing information technology goods and services. Our Enterprise Cost Management solutions provide sourcing, procurement, spend analytic, supplier management, document collaboration, asset management, and financial services to ePlus’ 2000+ customers.
The company is headquartered in Herndon, VA, and has more than 30 locations in the United States. For more information, visit www.eplus.com, call 888-482-1122 or email info@eplus.com.
ePlus, eECM, ePlus Enterprise Cost Management, and/or other ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release, which are not historical facts, may be deemed to be "forward-looking statements". Actual and anticipated future results may vary due to certain risks and uncertainties, including, without limitation, the existence of demand for, and acceptance of, our 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 personnel; our ability to protect our intellectual property; the creditworthiness of our customers; our ability to raise capital and obtain non-recourse financing for our transactions; our ability to realize our investment in leased equipment; our ability to reserve adequately for credit losses; fluctuations in our operating results; our reliance on our management team; and other risks or uncertainties detailed in our Securities and Exchange Commission filings.
