Market Overview

ePlus Publishes Study Highlighting Prevalence of Data Center, Cloud, and Security Challenges in the Wake of COVID-19

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ePlus inc. (NASDAQ NGS: PLUSnews) today announced that data center capacity constraints, increased cloud spend, and security concerns lead the list of organizational challenges resulting from the COVID-19 pandemic, according to a recently released study conducted by ePlus.

The report, titled Navigating Disruption, is a Special Report compiled by ePlus to quantify the technology impact of COVID-19 and provide guidance around how IT organizations can be agile and prepared for the future. The report is based on a survey of 135 technology professionals from customer organizations across multiple industries and was designed to provide insight into the most significant technology challenges companies are facing as a result of the changes brought on by the pandemic.

According to the report, organizations struggle with data center capacity for several reasons. Nearly one-third (30%) of capacity issues were caused by the expanded requirements for new services, such as virtual desktop infrastructure (VDI). Another sixteen percent (16%) of struggles were tied to supply chain problems and the inability to acquire new infrastructure.

The survey revealed the strain on data center capacity and the need for new services had a direct impact on cloud spending. Within the first 90 days of the pandemic, a quarter (25%) of the organizations experienced an increase in cloud spending. And almost one in ten (9.9%) saw their cloud spend jump by more than 20%.

Security is also a concern for many. Only thirty-nine percent (39%) of organizations are "very confident" in their security controls, according to the report, with 57% saying they are only "somewhat confident."

"While organizations expeditiously adjust to the pandemic, an unexpected disruption of this magnitude presents new challenges to implement technology solutions that are effective, affordable and sustainable," said Darren Raiguel, COO and president of ePlus Technology. "The survey results clearly show that many organizations are still feeling a strain on resources, operations, and budgets. They'll need to remain nimble and identify cost-effective solutions to meet future challenges in key areas such as cloud, security and collaboration. ePlus is ready and able to assist."

The report not only shows the most significant technology challenges organizations are facing because of the disruption caused by the pandemic, but it also outlines the importance of flexible infrastructure and adaptive security.

"The pandemic highlighted the importance of an agile infrastructure to minimize disruption to the operations of most organizations," continued Raiguel. "Companies need flexible technology, the ability to pivot quickly to sudden market transitions and adaptive security controls capable of sensing and responding to threats continuously and proactively. We may not know what or when the next big disruption will be, but companies can take steps now to implement technology solutions to be better prepared."

To access the survey results, learn how ePlus can help you navigate the next, and receive a copy of the report, please visit: www.eplus.com/next.

About ePlus inc.

ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,400 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on Facebook, LinkedIn, Twitter and Instagram. ePlus, Where Technology Means More®.

ePlus®, Where Technology Means More®, 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, products, and services 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, risks related to COVID-19, including but not limited to its possible effects on the availability of and demand for our products and services, our ability to efficiently and flexibly manage our business amid uncertainties related to COVID-19, and its impact on the economy, possible adverse effects resulting from financial market disruption and fluctuations in foreign currency rates, and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases or put downward pressure on prices, 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; 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 implement comprehensive plans to achieve customer account coverage for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information or that of our customers or partners; future growth rates in our core businesses; 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.

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