Tampa Bay tech leader Gordon sells his company, Enporion, to larger firm
Wake up and good morning. An 11-year-old private Tampa firm called Enporion that carved a niche providing supply chain software and productivity services to the utility industry will announce today that it has been acquired by a larger competitor in New Jersey.
Enporion, based on Harbour Island, was started in 2000 by seven Fortune 500 utilities. Enporion executive and prominent Tampa Bay technology advocate George Gordon bought the company in 2009, becoming its largest shareholder with employees at that time also getting a stake in the small company.
The buyer, Clark, N.J.-based GEP, says it will brand Enporion as "A GEP Company" and Gordon and other key members of his team will be retained. Terms of the deal were not made public. GEP was formerly known as Global eProcure.
"With this acquisition, Enporion and its customers will derive benefits by becoming a part a larger organization focused on customer delight and best-in-class solutions,” Gordon, an ex-U.S. Navy officer and longtime influential with the Tampa Bay Technology Forum, said in a statement. Gordon joined Enporion a year after its founding.
Enporion had been one of seven Tampa Bay area firms to make a list of 50 "companies to watch" that GrowFL, part of a statewide initiative called the Florida Economic Gardening Institute, identifed as having high growth potential in the Sunshine State. Here's an early 2011 video interview of Gordon telling the Florida Technology Journal about Enporion's niche.
Enporion has battled stiff competition, a difficult economy and a utility industry prone (given the regulated industry that it is) to making conservative decisions about vendors. As an entrepreneur, Gordon would have preferred to grow his company independently. But he recognized Enporion would fare better with a larger organization like GEP.
GEP co-founder and CEO, Dr. Subhash Makhija said GEP will "leverage Enporion’s decade-long industry expertise and accelerate our already strong footprint in this space." Here is Makhija in a short video describing his business approach.
-- Robert Trigaux, Business Columnist, Tampa Bay Times