ePlus Group Enhances Management Team
New Appointments to Further Expand Growth in the Western United States
and Enhance National Healthcare Practice
HERNDON, VA - June 20, 2013 - ePlus inc. (NASDAQ NGS: PLUS - news) today announced that its subsidiary, ePlus Group, inc., has added two executives to its management team: John Reilly as Vice President of the Western Region and Robert Filaski as Vice President and Managing Director of the Healthcare Practice. Based in ePlus offices in Sunnyvale, CA and New York, NY, respectively, Mr. Reilly and Mr. Filaski will help shape and execute the go-to-market strategy for ePlus Group, which provides financing and leasing solutions.
Mr. Reilly is responsible for extending ePlus Group's recent growth in the Western United States and building a team to support continued expansion in this region. He brings 25 years of experience in equipment leasing, portfolio management, executive sales, marketing, and business development to his role at ePlus. In addition to being a Partner in a Private Equity Fund since 1996, Mr. Reilly most recently held the position of Equipment Leasing Executive for Merrimak Capital Company. Prior to that, he was an Account Executive at GE Capital Computer Leasing and Chrysler Systems Leasing. Mr. Reilly holds a B.A. in Political Science and Global Government from the University of San Francisco.
Mr. Filaski will focus on setting strategy and bringing the Company's solutions to the healthcare market. He brings 30 years of experience in strategic sales, business planning and development, vendor programs, direct origination, clinical products, and healthcare compliance. Mr. Filaski most recently held the position of Vice President of Sales and Marketing at People's United Bank. Prior to that, he served in executive positions in both the healthcare product and lending sectors, including Siemens Medical where he served as Division Vice President of sales and marketing for Siemens Medical Financial Services. Mr. Filaski holds a B.A. in Political Science and Finance from Allegheny College.
"I am pleased to welcome John and Bob, two accomplished professionals with demonstrated business development success, to the ePlus team," said Chad Fredrick, senior vice president of ePlus Group. "With their combined talents and decades of solid experience, we are poised to fuel our exceptional growth in the Western region as well as build upon our national healthcare practice to continue to serve this critical market."
"I look forward to applying my experience in strategic account acquisition and vendor programs to my role at ePlus. By establishing a strong local presence in California, we will bring flexible, innovative financial solutions to organizations in the Western region-allowing them to expand their purchasing power in today's rapidly changing market," said Mr. Reilly.
"Effectively leveraging technology is an ongoing priority for all healthcare organizations. I am excited about the opportunity to work closely with our healthcare industry and technology partners to help ePlus clients balance their clinical, technology, and budget challenges while meeting their regulatory compliance required by the Affordable Care Act and Meaningful Use legislations," said Mr. Filaski.
About ePlus Group, inc.
ePlus Group, inc., a wholly owned subsidiary of ePlus inc., provides financing solutions and related services to a wide variety of private industries as well as state and local governments and federal government contractors who sell to federal government agencies. ePlus Group offers IT equipment financing, IT lifecycle process automation, and vendor solutions as well as healthcare leasing, federal leasing, and municipal leasing. For more information about ePlus Group, visit www.eplus.com/financial.
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 890 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit www.eplus.com, call 888-482-1122, or email firstname.lastname@example.org. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at www.twitter.com/ePlusinc.
ePlus 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, possible adverse effects resulting from the recent uncertainty in the economic environment 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; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; our ability to maintain effective disclosure controls and procedures and internal control over financial reporting; 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; our ability to reserve adequately for credit losses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; 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.