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On the 26th May, Utilisoft announced its acquisition by Bglobal PLC. Utilisoft offers solutions to the Energy and Utilities industry primarily in the UK and Australia both on the wholesale trading and the retail sides of the market. I spoke today to John Furness, MD of UtiliGroup Ltd. to get some background on the transaction.
Triple Point have announced another acquisition (full details can be found here). The company has acquired Enerbility Software GmbH. Enerbility was founded in 2004 and is the pioneer of automating back-office processes in the energy trading industry. Based in Vienna, Enerbility’s energy customers include Alpiq AG, E.ON, Statkraft, Verbund APT, BKW FMB, and Vattenfall Energy Trading Netherlands NV (formerly N.V. Nuon) among others.
The acquisition extends Triple Point’s straight-through processing capability to connect European energy traders with suppliers and customers from trade execution to cash settlement states the announcement.
Stay posted for further details in the coming days.
CommodityPoint was created to help to bring focus and clarity to the broad array of issues surrounding the wholesale trading of commodities. Our team provides expert analysis of market trends and, in particular, the technologies and applications supporting those that participate in regional or global commodity markets.