ePsolutions History

"I believe strongly that ePsolutions is going to help drive energy costs down by allowing deregulated energy to become more accessible than ever before. In times of escalating energy costs, that is a goal worthy of our best efforts."

MATT GILL, CEO
ePsolutions

2004:
• The founding team of ePsolutions forms (January)
• Successfully completed initial test of integrated EDI solution through 05/04 Texas Flight (July)
• Company is funded by Toreador Resources, Inc. and grows a team of world-class software developers and architects (August)

2005:
• emPower 1.0 is formally released to the market (June)
• Alliance Energy and Texas Power select emPower to replace their existing back-office solution (June)

2006:
• emPower 2.0 released, incorporating the first, fully automated pre-paid solution available to REPs in Texas (February)
• emPower selected by seven REPs in the Texas market (April)
• Company names Matthew Gill as Chief Executive Officer (June)
• ePsolutions achieves consistent profitability and self-sufficiency (September)
• ePsolutions announces commitment to supporting multiple states. Maryland targeted for release in Q3, 2007 (November)
• emPower 3.0 released (December)

2007:
• Chuck Farley recruited to head our growing Application Development Team (January)
• ePsolutions selected and active in 10 REPs in the Texas market (May)
• ePsolutions receives additional investments from Peninsula Capital to support expansion, retirement of all debt, and improved working capital (June)
• ePsolutions announces the completion of support for the deregulated Maryland electricity markets (June)
• ePsolutions releases emPower 3.3 with advanced seasonality indexing (September)

2008:
• ePsolutions releases eBiz, an advanced data mining and reporting solution for advanced customers (January)