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Clark, NJ (Global Headquarters)
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Clark, NJ 07066
Phone: 732-382-6565
Email: info@gep.com

GEP Acquires Enporion

Enporion Celebrates 10 Years in Business

Cloud computing offering streamlines B2B supply chain process and lowers the cost of doing business.

Tampa, FL – September 9, 2010 – Premier e-procurement solutions provider Enporion announced today that it is celebrating ten successful years in business. Founded in 2000 by seven investor-owned gas and electric utility companies, Enporion is now an employee and veteran-owned company, and offers an extensive suite of sourcing and procurement software as a service in the cloud.

According to Dun & Bradstreet, less than ten percent of start-up businesses make it to the 10-year point.

"We are very proud of our history of service to our clients, and to have reached this significant milestone," says George Gordon, Enporion's CEO. "This is a tribute to our extraordinary group of employees who are now also owners of our business."

Enporion's exemplary customer support and system reliability have earned it the distinction of being named to Supply & Demand Chain Magazine's Top 100 list for five consecutive years. Its tools have enabled over 4000 sourcing events, and as an e-commerce hub connecting buyers and suppliers, it has processed millions of transactions, all of which have contributed to a lower cost and a streamlined business process for the acquisition of goods and services by Enporion customers.

"Not only has Enporion survived the dot-com era and two recessions, they have raised the visibility of the high-tech business community in our region," says Randy Berridge, President of the Florida High Tech Corridor Council. "Enporion is an asset to our business community and has contributed significantly to our efforts to transform our region into a hotbed of technology companies."

In today's difficult economy, companies need to find ways to become more efficient with fewer resources. Enporion's Supply Chain Manager® suite not only eliminates cumbersome paper processes, it reduces errors and saves time. Furthermore, since the software resides in the cloud, implementation takes only weeks, providing a fast time to value.

"All companies are laser-focused on automating business processes that simplify interactions with their business partners, and that reduce or even eliminate paper flows," Gordon says. "Enporion's solutions are in the right place at the right time."

In looking ahead to the next ten years, Enporion has expanded beyond the utility sector into manufacturing and public sector markets; it was recently awarded a contract by a western state for reverse auction services.

About Enporion
Enporion is a supply chain management solutions and services company, providing strategic sourcing and e-procurement applications and related professional services. Enporion is delivering results for customers in the gas and electric utility, manufacturing, and distribution industries, as well as the public sector. Enporion customers represent over $100 billion in annual revenue and more than $10 billion in spend.

Enporion’s Supply Chain Manager®, an integrated suite of e-commerce tools, delivers cost reduction through price and process savings, and includes capabilities in catalog management, supplier enablement and connection, spend reporting, e-sourcing including auctions and electronic RFx’s, and contract management. These applications are delivered in a Software-as-a-Service environment, resulting in quick implementation and early realization of benefits.


 

 


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