Aspect Enterprise Makes Progress
Aspect Enterprise Solutions (previously known as Oilspace) appear to be making significant progress and recently have hit a small gold vein in Africa announcing new clients for its ASPECTEtrm product including; Ovlas SA, a subsidiary of West African downstream petroleum conglomerate MRS Group,Nigerian energy commodity trading company Linetrale and African petroleum supplier Cirrus Oil of Ghana. It also recently announced a win at Blue Oil, a market leader in oil supply, storage and distribution along the Pacific coast of the Americas.
I had a briefing recently from President and CEO of Aspect – Steve Hughes to try to get a better understanding of the company and its products. Aspect was founded in 2000 by Steve Hellman (now non-Executive Chairman) and Lawrence Austen and offers a solution set that is entirely web based using the SaaS model. It currently has around 100 staff located in the USA, UK, Russia and Singapore. Steve describes Aspect as “the only market data aggregator with a trading and risk solution on same platform/UI.” and points to its products “excellent price performance based on TCO” as a key difference in its offering.
Although traditionally focused on energy – particularly oil – on the TRM side, Aspect’s data aggregation product – AspectDSC – has now been extended to cover metals and agricultural data and so one can expect the TRM solution to quickly follow suite becoming a multi-commodity CTRM solution. Indeed, some of its current clients are helping it to move in that direction. Aspect’s SaaS model also appears to be catching on (other vendors also offer such a delivery model including SunGard Kiodex, OATI and others) in today’s cash constrained business climate.
You can find more information about Aspect an its products at http://www.aspectenterprise.com.
