Eldon Klaassen

Eldon Klaassen is the founder and former CEO of Allegro Development. For 28 years, Mr. Klaassen was the driving force behind the development of Allegro’s leading multi-commodity energy trading and risk management solutions.

Under Mr. Klaassen’s leadership, Allegro expanded its operations worldwide, delivering its  industry recognized technology, services, support, and education to drive value and profitability for its global customer base.

Mr. Klassen’s thought leadership in the ETRM market space brings a wealth of knowledge to the board.

Ray Hood
President and Chief Executive Officer

Ray Hood is an experienced executive who brings over twenty years of experience as chief executive of technology companies, including his time as CEO of an international, publicly traded, logistics software firm. He extended the company’s sales and service operations in 14 countries and guided it through a successful public offering. Mr. Hood started his career with PriceWaterhouse where he earned a CPA. He later founded technology companies MicroTrek (financial risk management), Neptune Systems (3rd party logistics solutions), and EXE Technologies (global logistics software). He also served as CEO of SensorLogic (remote machine control software) and Qumu Inc. (secure enterprise video software).

Mr. Hood serves on the Board of Directors of OneNetwork, a cloud-based “demand driven” supply chain solution provider and on the Executive Board of Advisors at the SMU School of Engineering. He is a graduate of the Wharton School at the University of Pennsylvania and a published author of the book “Using Technology to Transform the Value Chain”

Mike Pehl

Mike Pehl has been a member of Allegro's board of directors since January 2008. A Managing General Partner at North Bridge Growth Equity, a leading private equity firm which invests in technology and technology-enabled companies, Mr. Pehl has deep growth equity experience as both an investor and an operator. He has served on the boards of 14 private and public technology companies. Mr. Pehl was formerly CEO of i-Cube, COO of Razorfish, the founder and CEO of ICS (an SAP implementation business), and co-founder of SAP America.

Bob Forlenza

Bob Forlenza joined Allegro Board of Directors in January 2010. He founded Tudor Ventures in 1995. Prior to Tudor, Mr. Forlenza was a Vice President at the Boston based LBO firm, Carlisle Capital. He also served as CEO of a start-up software company and as a management consultant at Bain & Company.

Mr. Forlenza brings over 15 years of investing and operating experience to the board, and has focused mostly on IT infrastructure, enterprise software and business services. He serves on the Board of Directors of Conversion Services International (formerly Evoke Software), Aspect Ratio, Integrated Development Enterprise, and Intelligrated, Inc. He previously served as a director of Art Technology Group (NASDAQ: ARTG), Interactive Video Technologies, Enherent (OTC:ENHT), and Classic Sports Network (Disney).

Patrich Simpkins

Patrich Simpkins, a 22 year veteran of energy and technology, joined Allegro’s Board of Directors in June 2009. Simpkins is currently a managing partner for GPS Capital Partners, an energy focused investment banking and advisory firm. He also serves as a board member and advisor for several firms spanning energy, clean-tech and software. Simpkins vast experience as a senior executive in energy companies extends from strategy, finance and risk management to operations. Simpkins was previously a senior executive with TXU, Duke Energy and Louis-Dreyfus and has co-founded and built several successful businesses, including an energy services and commodity management firm, an energy and technology focused financial firm and a SaaS software organization.