October 21, 2016 12:39 PM ET

IT Services

Company Overview of ePlus Technology, inc.

Company Overview

ePlus Technology, inc. designs and implements network, security, and storage solutions. It provides services in the areas of IP telephony, managed services, IT outsourcing, supply chain automation, and wireless/mobile communication and computing solutions. The company serves organizations in healthcare industry, and K12 and higher education; and federal, state, and local governments. The company was incorporated in 1998 and is based in Herndon, Virginia. It has locations in Del Mar, Sunnyvale, and Sacramento, California; Avon, Connecticut; Florida; Atlanta and Powder Springs, Georgia; Elkridge, Maryland; Canton, Massachusetts; Hamilton, New Jersey; New York and Hauppauge, New York; Charlotte...

13595 Dulles Technology Drive

Herndon, VA 20171-3413

United States

Founded in 1998





Key Executives for ePlus Technology, inc.

Chief Operating Officer and President
Age: 54
Chairman of Eplus Inc, Chief Executive Officer of ePlus Inc and President of Eplus Inc
Age: 72
President of Solutions and Services Group
President of ePlus Technology of PA Inc
Age: 59
Senior Vice President
Age: 52
Compensation as of Fiscal Year 2016.

ePlus Technology, inc. Key Developments

ePlus Technology, Inc. Enters into Amendment No. 4 to Both its Amended and Restated Agreement for Wholesale Financing and Amended and Restated Business Financing Agreement

On July 28, 2016, ePlus Technology, inc. entered into amendment No. 4 to both its amended and restated agreement for wholesale financing, dated July 23, 2012, and amended and restated business financing agreement, dated July 23, 2012, with Wells Fargo Commercial Distribution Finance, LLC, in connection with its credit facility. The amendments provide for a temporary increase in the aggregate limit of the credit facility from $250 million to $300 million, through October 31, 2016. The accounts receivable component sublimit will remain at $30 million. This amendment #4 to Amended and restated agreement for wholesale financing is entered into on July 28, 2016, by and among ePlus Technology, inc. and ePlus Technology Services, inc. and Wells Fargo Commercial Distribution Finance, LLC and is to that certain amended and restated agreement for wholesale financing dated July 23, 2012, by and between Dealer and CDF. This amendment #4 to amended and restated business financing agreement is entered into on July 28, 2016, by and among ePlus Technology, inc. and ePlus Technology Services, inc. and Wells Fargo Commercial Distribution Finance, LLC and is to that certain amended and restated business financing agreement dated July 23, 2012, by and between Dealer and CDF. All terms which are not defined herein shall have the same meaning in this amendment as in the agreement.

Texas Children's Hospital Selects ePlus Technology, Inc., and ExtraHop to Design and Deploy Wire Data Analytics

ePlus inc. announced that its subsidiary, ePlus Technology, inc., and ExtraHop have been selected by Texas Children's Hospital (TCH) to design and deploy wire data analytics to monitor the performance, availability, and security of TCH's IT environment. TCH needed to troubleshoot data traffic issues and quickly diagnose application performance problems to speed resolution time and reduce service interruptions. The hospital wanted a platform to monitor across all tiers of its environment, from the network to storage, servers, and critical applications, including its EPIC electronic medical records system, nurse scheduling solution, and financial management solution. In order to gain visibility into both its remote sites and its Citrix environment, Texas Children's Hospital deployed the ExtraHop wire data analytics platform running on the EH8000 appliance. The ExtraHop platform goes far beyond traditional performance management tools, delivering the real-time insight that puts IT teams back in control of even the most critical and demanding of environments. TCH selected ePlus to manage this engagement due to its status as a trusted partner and technology advisor. For the past six years, ePlus has helped the hospital with various elements of its IT infrastructure, including integration, lifecycle management, staff augmentation, and senior level project management. ePlus worked collaboratively with the ExtraHop and TCH EPIC teams to help design and implement the solution.

ePlus Technology, inc. Amends its Credit Facility with GE Capital Commercial Distribution Finance

ePlus inc. announced its subsidiary, ePlus Technology, inc., amended its credit facility with GE Capital Commercial Distribution Finance (GECDF), which was originally entered into on July 23, 2012. The GECDF credit facility is comprised of a floor plan component and an accounts receivable component and is used to finance inventory and accounts receivable related to the sales of products and services in its technology segment. The amendment provides ePlus Technology with a total credit limit of $250 million, an increase of $25 million over the prior agreement, with a sub-limit of $30 million for the accounts receivable component. ePlus inc. will continue to guarantee this facility up to a limit of $10.5 million. The amounts available under the agreements may be limited by the asset value of the inventory purchased and accounts receivable, and may be further limited by certain covenants and terms and conditions of the facility. Either party may terminate with proper notice.

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