The CTRM Blog

Aspect recently sent out a press release discussing their 2011 results…

As those familiar with the company know, Aspect is one of a very few companies in this space that deploy their solutions almost exclusively via Software-as-a-Service (SaaS), a model that allows them to reach buyers in the mid and lower tiers of the market that could not otherwise afford an enterprise scale ETRM/CTRM solution. In addition to the their CTRM products, the company also offers their “multi-commodity market information and decision support portal” AspectDSC, which delivers commodity market information to hand held devices like the iPhone and iPad.

According to a just issued press release from Allegro, the company saw a greater than 60% year-over-year growth in software license revenues, with a 50% year-over-year increase in new customer signings from 2010 to 2011. The press release names several of those new clients including Saudi Aramco, Capital Power, PAA Natural Gas Storage, EPIC Aviation and Green Plains. Geographically, they note success in North America, Europe and Asia Pacific; with new sales covering crude and crude products, energy utilities, chemicals and minerals.

Allegro Development reports 50% increase in new customers and 62% increase in license revenue for ETRM software

DALLAS, TX, February 15, 2012 – Allegro Development Corporation,  a leading provider of energy trading and risk management (ETRM) software, announced today its fiscal year 2011 business results, reporting strong revenue growth and a substantial increase in new customers.

Allegro realized double-digit growth across market regions, including a 62% year-over-year increase in software license revenues.  The company also saw an expansion of its market adoption with a 50% year-over-year increase in the number of new customers, including Saudi Aramco, Capital Power, PAA Natural Gas Storage, EPIC Aviation, Green Plains, and numerous others in Europe, North America, and Asia Pacific regions.  New customers were added in the petroleum, power and gas utilities, chemicals, and minerals sectors.

February 14, 2012  |  Lauren LaFronz

The 2,000 page Dodd-Frank Act is the US government’s response to the financial crisis. While it was signed into law well over a year ago, the finer points are still being negotiated, clarified by lawyers, and challenged by Wall Street players.

For energy and commodity firms operating in Europe, this is a cautionary tale – the European Union (EU) is introducing an alphabet soup of directives and legislation affecting the financial and commodity markets including the Regulation of Energy Market Integrity and Transparency (REMIT), the Market Abuse Directive (MAD), the second Market in Financial Instruments Directive (MiFID II), the European Market Infrastructure Regulation (EMIR), and the Capital Requirements Directive (CRD).

February 14, 2012 — Berlin

SunGard’s Ambit Asset Liability Management (ALM) solution has been selected by Daimler Financial Services, a leading financial services provider. Ambit ALM will help Daimler Financial Services establish integrated and standardized methodologies for ALM and liquidity risk management across its global operations and comply with global regulations such as Basel III.

Daimler Financial Services provides a range of services including financing, leasing, motor insurance and banking. It will deploy Ambit ALM as a centralized system across its international subsidiaries network. Ambit ALM helps companies perform consolidated, multidimensional analysis of the balance sheet and manage exposure to liquidity risk.