The CTRM Blog

A new white paper from CommodityPoint is now available. The paper is titled CTRM in an SAP Environment: Triple Point’s Commodity SL and it is available on the reports page of this blog.

The recent announcement by Triple Point outlining the record breaking year that the company had in 2010 makes for some interesting reading. Key highlights for 2010 reported by the company in the announcement include;

- 105 software product sales concluded
- 41 new customers signed
- 500% year-over-year new customer growth in EMEA; 400% in APAC
- 52% year-over-year EBITDA growth
- 31% year-over-year growth in recurring revenue
- 2x growth in revenue backlog – highest in company’s 18-year history
- 114 clients supported on services projects in 27 countries
- 64 customer go-lives

Triple Point says that it signed 20 new license deals in Q2 2010 of which 50% were with new name customers helping the company to a 31% growth in revenues for the quarter and a 60% growth in EBITDA. Among the new licenses during the quarter, it has announced OGE Energy Resources, Prime East Shipping, Su-Raj Diamonds, Petredec, Louis Dreyfus Highbridge Energy, Incitec Pivot and CIMA Energy.

I caught up with Michael Schwartz yesterday – Chief Marketing Officer for Triple Point. He had told my colleague Patrick Reames a few weeks ago that Triple Point had had its best ever Q1 and tells me that Q2 looks to be very similar in terms of performance so far. Mr. Schwartz said that Triple Point was being successful across all commodities, geographies and products and that its SoftMar acquisition had also been very successful with almost every major shipping house now installed on that product.

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.