ePlus Inc. Completes Strategic Sale of Financing Division

ePlus Inc. Completes Strategic Sale of Financing Division
ePlus inc. (NASDAQ NGS: PLUS) has successfully completed the sale of its U.S. financing business to Marlin Leasing Corporation, also known as PEAC Solutions. This move has been meticulously planned to refocus the company's efforts on innovative technology solutions and customer-centric services.
Enhancing Focus on Core Technology Solutions
Mark Marron, the CEO and president of ePlus, expressed enthusiasm about this transaction, stating that it grants ePlus the ability to concentrate on technology solutions tailored to meet customer demands. He highlighted the company's commitment to harnessing emerging technologies to promote significant transformations around new business value.
A New Chapter for ePlus
Marron further elaborated that the sale would not only provide essential capital to support organic and inorganic growth initiatives but also allows for a broader expansion of solutions and services tailored for their clientele. This strategic shift indicates the company's confidence in its ability to respond to the evolving technology landscape and customer needs.
Strategic Alliances and Representation
In this pivotal navigation, ePlus was represented by Macquarie Capital and K&L Gates LLP, emphasizing the importance of solid partnerships in executing such a significant transaction. As ePlus transitions into this new phase, they remain dedicated to updating investors regarding its fiscal guidance in light of the sale, showcasing transparency in its ongoing financial strategies.
About ePlus Inc.
Known for providing transformational technology solutions and services, ePlus prides itself on being a customer-first and results-driven industry leader. With a portfolio that spans artificial intelligence, security, cloud solutions, and professional services, ePlus works alongside various organizations to navigate complex business challenges successfully.
PEAC Solutions: A Strategic Partner
PEAC Solutions stands as a pioneering multinational asset finance platform, providing innovative financing options to a range of industries. Their commitment to exceptional customer service empowers businesses to acquire the necessary tools to enhance productivity and growth.
Global Reach and Network
The strategic alignment with PEAC Solutions allows ePlus to tap into a robust global network capable of offering tailored financial solutions across diverse markets, ensuring that customer needs are met efficiently and effectively.
Looking Ahead to Future Opportunities
As a result of this significant sale, ePlus is poised to pivot its operational focus, dedicating resources to drive new technologies and solutions. The company's long-established presence and reputation give it a unique advantage in leading future initiatives that enhance customer experiences.
Frequently Asked Questions
What led to the sale of ePlus's financing business?
The sale allows ePlus to focus more on technology solutions and customer services, enhancing opportunities for growth.
Who acquired ePlus's financing business?
The financing business was acquired by Marlin Leasing Corporation, operating as PEAC Solutions.
How will this sale benefit ePlus?
By completing this sale, ePlus will have additional capital to invest in technology-driven initiatives and further enhance its service offerings.
What are ePlus’s future plans after the sale?
ePlus aims to expand its portfolio of solutions and services to provide increased value to its customers and partners.
What is PEAC Solutions known for?
PEAC Solutions is recognized for providing innovative finance solutions that help businesses secure equipment and technology necessary for their growth.
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