Brady Announces Early 2011 Results

Patrick Reames — Tue, 24 Jan 2012 20:37:51 +0000

Brady Plc is the only publicly held CTRM vendor in the space. Being public, and therefore being required to report their financial results, the company provides some unique insights into the health of the CTRM market, especially in their core market area of Europe.

According to their press release of January 16th, the company saw a 70% year-over-year growth in revenues in 2011, including increases in recurring revenue (revenues from support & maintenance, license “rentals”, etc) of 145%, which represents about 52% of their total 2011 revenues. Recurring revenues in 2010 were only 36% of total revenues. They noted that they had secured 14 “substantial” new license sales in 2011, versus 10 in 2010.

Brady indicates that after a final accounting, they expect to report EBITDA growth of around 70%, which is in-line with the market’s forecast for the company. Additionally, Brady highlighted the fact that they have more than £10 million on hand (more than $16 million) with no outstanding debt. This could be very significant as the company continues to seek out potential acquisition targets. As you might remember, Brady had acquired Viz Risk Management in late 2010.

When the company’s final results for 2011 are announced in early March, we anticipate their revenue numbers will continue to show that they are well positioned in the ranks of the top CTRM vendors. In fact, with the recent acquisition of Solarc by OpenLink, we now rank Brady as the fifth largest CTRM solution provider in the world based upon total revenue. Additionally, based upon their reported growth numbers, we believe that they are certainly keeping pace with, and in some cases exceeding, their peer group.

All in all, very impressive results that speak well for Brady and also provide a good indicator that the market for CTRM solutions in Europe continues to be robust.

ZE PowerGroup Making European Progress

Gary M. Vasey — Thu, 11 Mar 2010 10:22:10 +0000

ZE PowerGroup was established in May 1995 by Dr. Zak El-Ramly as a strategic consulting and software development firm to serve the emerging needs of energy markets in transition. It’s product; ZEMA, an Enterprise Data Management (EDM) solution designed for supporting risk management, trading, and operations at energy and financial firms, is widely used in North America across the industry including at utilities, associations, municipalities, marketers, end-users, joint action and government agencies, power producers, natural gas producers, energy marketers, large industrials, and consumers. Last summer, it established a presence in Europe. I spoke with Mr. Ian Gordon about ZE’s European activities recently.

According to Mr. Gordon, the company has had a good start in Europe with its products signing a major UK-based energy company late last year and extending its relationship with North American clients by providing its software to their European operations. It is also apparently in the final stages of closing a number of other European clients. Mr. Gordon points to ZE’s forward curve management capabilities as a differentiator over its competitors and a key aspect of its success in Europe.

You can find out more about the company and its products at http://www.ze.com

The CTRM Blog » Europe

Brady Announces Early 2011 Results

ZE PowerGroup Making European Progress