Eplus Inc was founded in 1990 and is a Delaware corporation and began using the name ePlus inc. in 1999 after changing its name from MLC Holdings, Inc. The Company is engaged in the sales of information technology hardware, third-party software, professional engineering services, and third-party maintenance contracts and its proprietary software as well as financing of equipment, software and related services to commercial, government, and government-oriented entities. The Company operates in two segments as follows: The Technology segment sells IT equipment and software and related services to corporate customers, state and local governments, and higher education institutions on a nationwide basis, with geographic concentrations relating to its physical locations. The technology segment also provides Internet-based business-to-business supply chain management solutions for information technology products and the Financing Segment offers leasing, and business process services to facilitate the acquisition and management of capital assets. The market for IT sales and professional services is intensely competitive, subject to economic conditions and rapid change, and significantly affected by new product introductions and other market activities of industry participants.