The CTRM Blog

Eldon Klaassen, CEO of Allegro Development, is one of a select group of entrepreneurs who can be credited with creating the ETRM and, broader CTRM, class of software. That group would also include the likes of Mike Montgomery (TransGas/TransEnergy), Dick Couron (DC Systems), Michael Smith (Ensyte Energy Software), Peter Armstrong (Triple Point), Rusty Braziel (Altra), Brad Anderson (SolArc) and perhaps one or two others. Only Eldon and two others on that list are still actively involved in steering the software category to maturity at the helm of their companies.

Sometimes an announcement surprises me and surely this one falls into that category. Allegro announced today that Dragana Pilpovic has joined the company as Director of Quantitative Analytics. Pilipovic is a recognized authority on energy markets who specializes in implementing practical quantitative solutions to manage energy risk.

Ms. Pilipovic is the author of the book “Energy Risk: Valuing and Managing Energy Derivatives,” which explores risk management methodologies in the electricity, natural gas, heating and crude oil markets. A graduate of Harvard and Brown Universities, Dragana Pilipovic brings more than 20 years of experience examining energy market behavior and fundamental risk drivers, and developing trading and risk models to help organizations value assets and manage risk.

Dallas-based Allegro Development today announced that Saudi Aramco has chosen the Allegro 8 platform to support its newly launched worldwide refined products trading subsidiary (Aramco Trading). Aramco Trading requires enterprise software to manage its refined products trading, logistics, reporting, and compliance functions.

“We are privileged to work with Saudi Aramco to support their expanding refined products business,” stated Eldon Klaassen, Allegro CEO. “Their selection of the Allegro platform further demonstrates our ability to develop and deploy trading and risk management solutions that meet the needs of the global energy market, including many of the world’s largest and most successful organizations.”

Allegro Development have today announced the signing of  SUEK AG who will use its Allegro 8 platform to manage their Coal trading operations. SUEK is the largest supplier of Russian steam coal to the international market, delivering coal to more than 30 countries worldwide.   The company supplies more than 30% of Russia’s energy coal and approximately 30% of the coal Russia exports. In addition to mining Russian coal, the company also trades coal from Australia, Indonesia, Columbia, and South Africa.

Yesterday I received a press release from Allegro regarding its “go live” at Repower (formerly Räetia Energie), an international energy company based in Switzerland that has implemented Allegro 8 to manage its emissions trading activities, and is extending the implementation to handle its power and natural gas trading. Repower will utilize allegro 8 as a single platform to manage the company’s complex trading operations across multiple commodities, locations, and trading floors throughout Europe. The announcement can be found here.