HERNDON, Va. - ePlus inc. (NASDAQ: PLUS), a provider of technology solutions and services, has announced the appointment of Melissa Ballenger to its Board of Directors and Audit Committee. Ballenger brings a wealth of experience from her tenure in the financial sector, including roles as CFO at various global firms and as an adjunct professor at William & Mary.
Ballenger's career in finance spans over two decades, with significant positions at Mosaic, Cross River Bank, State Street (NYSE:STT) (EMEA), Santander (BME:SAN), TD, and Mastercard (NYSE:MA). Her expertise encompasses strategic planning, risk management, and financial oversight, making her a valuable addition to the ePlus Board, which oversees a company with $2.1 billion in revenue and an EBITDA of $173 million in the last twelve months. According to InvestingPro, analysts currently maintain a positive outlook on ePlus, with price targets reaching up to $94.
Mark Marron, CEO and president of ePlus, expressed confidence in Ballenger's ability to contribute to the company's strategic growth and enhance shareholder value. Marron highlighted her extensive financial services experience and international perspective as key assets.
In response to her appointment, Ballenger expressed enthusiasm for joining the ePlus team, citing the company's strong growth record and strategic market insight. She looks forward to contributing to its continued success.
Ballenger is a Certified Public Accountant and holds a Certified Director credential from the National Association of Corporate Directors. She is also a Board of Trustees member at the William & Mary Business School Foundation.
ePlus, headquartered in Virginia, is known for its customer-first approach and broad portfolio of technology solutions, including AI, security, cloud, and data center services. The company collaborates with organizations across various industries, leveraging its three decades of experience to navigate business challenges. Based on InvestingPro's Fair Value analysis, the stock currently trades near its fair value, with multiple ProTips highlighting its strong cash flows and moderate debt levels. Discover more insights about ePlus and 1,400+ other stocks through InvestingPro's comprehensive research reports.
This appointment is based on a press release statement from ePlus inc.
In other recent news, ePlus Inc (NASDAQ:PLUS). reported mixed fiscal Q2 2025 earnings, with a 12.3% decrease in net sales to $515.2 million, but increases in gross profit and service revenues. The company's service revenues grew by 46% to $104 million, largely due to the acquisition of Bailiwick, which is expected to contribute approximately $85 million in revenue. Despite a 4.1% decline in net earnings to $31.3 million, ePlus revised its adjusted EBITDA guidance for fiscal 2025 to between $195 million and $205 million.
In addition, ePlus launched the Secure GenAI Accelerator, a component of its AI Ignite portfolio designed to facilitate the adoption of Generative AI in business environments. This offering combines ePlus's proprietary GenAI platform with technologies from NVIDIA (NASDAQ:NVDA) and AWS, providing a secure, controlled setting for AI-driven projects.
These are recent developments for ePlus as the company adjusts its revenue model and focuses on growth areas such as AI and cloud services, despite ongoing macroeconomic challenges. The company's strategic shifts and new offerings indicate a commitment to adapting to market demands and pursuing long-term growth.
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