Make us your home page
Instagram

Vology-Bayshore deal high in enthusiasm and promise of jobs

Peter Anderson, left, CEO of Bayshore Technologies, and Barry Shevlin, CEO of Vology Data Systems, have announced a merger of the two companies. The resulting company will be named Vology and will be headed by Shevlin.

DANIEL WALLACE | Times

Peter Anderson, left, CEO of Bayshore Technologies, and Barry Shevlin, CEO of Vology Data Systems, have announced a merger of the two companies. The resulting company will be named Vology and will be headed by Shevlin.

It may not be the biggest business merger in Tampa Bay history or the sexiest. But the recent deal that combines two area technology firms — Vology of Oldsmar and Bayshore Technologies of Tampa — is a good-news story for this new year on several levels.

First and foremost, the deal melds two growing tech firms founded right here into one bigger business still based here — a rare event in itself — that promises to become larger than the sum of its parts. This is an opportunity for organic growth, not recruited from afar.

Second, the deal is already prompting a new search by the merged firm, to be known as Vology, for a new area headquarters big enough to accommodate its 200-plus employees and its anticipated growth in the coming years. The old Vology had maxed out its Oldsmar space in several buildings with 165 employees and cannot absorb Bayshore Technologies' 48-person team. Third, the new Vology starts off with an expected $170 million in annual revenues but expects to expand swiftly. While forecasting an additional 100 new jobs by 2015, the company also anticipates 50 percent sales growth within the next three or four years.

Vology CEO Barry Shevlin and Bayshore Technologies CEO Peter Anderson (who now becomes a Vology senior vice president and will run Bayshore as a service division of Vology) talked to the Tampa Bay Times this week to explain how this deal came about and what lies ahead. Here's my take on what the duo shared in that interview.

How did that deal come about?

John Hill of Tampa's Hyde Park Capital Advisors suggested Shevlin and Anderson get together. The more the two tech CEOs talked, the more they realized how much their businesses complemented each other. That led to a deal that began to be put together in September and officially closed in the last days of 2012. The CEOs brought the employees of both companies together in the ballroom at Ruth Eckerd Hall last Wednesday to explain the deal and lay out their vision for the new business. A bonus: There are no layoffs in this merger.

So what can the new Vology do that the two firms could not do on their own?

Alone, Vology provided business customers nationwide with new and certified pre-owned network switches and routers and telecommunications sales and services. Bayshore supplied mostly Florida business clients with IT infrastructure support, including servers and data storage. Vology wanted to add Bayshore's skills to its service menu, and Bayshore wanted Vology's national sales muscle. Presto. Instant synergy with 8,000 combined customers.

Now that Vology is a bigger and broader provider of IT services, who will it compete against?

In industry jargon, Vology is now a "hybrid super VAR" or value-added reseller on a national scale. There are maybe 12 to 15 such firms of national size. The biggest competitors are companies like CDW ($10 billion in sales, 7,000 employees). Vology says it is second in size in Florida to Mainline Information Systems in Tallahassee.

Vology aims to add as many as 100 jobs in the next two years. What kinds of jobs are we talking about?

All kinds. It will need more account executives, engineers, people in its operations center and in finance. But this is only week one. Shevlin and Anderson want to take their time and integrate the businesses the right way. Both are committed to this area.

Says Shevlin: "This will be a fantastic journey."

Contact Robert Trigaux at trigaux@tampabay.com.

.Fast facts

Vology

Founded: 2001

Notable: CEO Barry Shevlin named a "top leader" and Vology a "top workplace" in Tampa Bay Times annual "Top Places To Work" survey.

Bayshore Technologies

Founded: 1997

Notable: London-born co-founder CEO Peter Anderson was a pro soccer player, including three years on Tampa Bay Rowdies.

Vology-Bayshore deal high in enthusiasm and promise of jobs 01/04/13 [Last modified: Friday, January 4, 2013 8:55pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. For Gov. Rick Scott, 'fighting' could mean vetoing entire state budget

    State Roundup

    Every day, Gov. Rick Scott is getting a lot of advice.

    The last time a Florida governor vetoed the education portion of the state budget was in 1983. Gov. Bob Graham blasted fellow Democrats for their “willing acceptance of mediocrity.”
  2. Potential new laws further curb Floridians' right to government in the Sunshine

    State Roundup

    TALLAHASSEE — From temporarily shielding the identities of murder witnesses to permanently sealing millions of criminal and arrest records, state lawmakers did more this spring than they have in all but one of the past 22 years to chip away at Floridians' constitutional guarantees to access government records and …

    The Legislature passed 17 new exemptions to the Sunshine Law, according to a tally by the First Amendment Foundation.
  3. Data breach exposes 469 Social Security numbers, thousands of concealed weapons holders

    Corporate

    Social Security numbers for up to 469 people and information about thousands of concealed weapons holders were exposed in a data breach at Florida the Department of Agriculture and Consumer Services. The breach, which the agency believes happened about two weeks ago, occurred in an online payments system, spokesperson …

    Commissioner of Agriculture Adam Putnam on Monday that nearly 500 people may have had their Social Security numbers obtained in a data breach in his office.
[Times file photo]

  4. Trigaux: Can Duke Energy Florida's new chief grow a business when customers use less power?

    Energy

    Let's hope Harry Sideris has a bit of Harry Houdini in him.

    Duke Energy Florida president Harry Sideris laid out his prioriities for the power company ranging from improved customer service to the use of more large-scale solar farms to provide electricity. And he acknowledged a critical challenge: People are using less electricity these days. [SCOTT KEELER   |   Times]
  5. Citigroup agrees to pay nearly $100 million fine for Mexican subsidiary

    Banking

    NEW YORK — Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering.

    Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering. 
[Associated Press file photo]