|Allegro Development Celebrates 25th Anniversary as Energy Trading and Risk Management Software Provider|
Consistent Growth, Expertise and Innovation Position Company for Continued Success
DALLAS, Texas, March 30, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that it is celebrating 25 years of delivering enterprise-wide software to the energy industry. This achievement comes as a result of Allegro’s continuing commitment to providing expertise and innovation through comprehensive solutions developed specifically to address the needs of the market and the customer.
Global energy companies of all sizes rely on Allegro’s proven solutions to gain visibility into their trading portfolios to allow for proper risk management and ultimately increase profitability. The Allegro 8 platform is a fully integrated, multi-commodity solution that provides transparency into all physical and financial positions and assets, complete logistics capabilities and tools that enable strategic decision-making across front, middle and back offices
Since its inception in 1984, Allegro has remained at the forefront of technology and innovation. Some noteworthy highlights in Allegro’s history include:
“As we celebrate this anniversary, I am extremely proud of everything Allegro has achieved over the past 25 years,” said Eldon Klaassen, Allegro founder and Chief Executive Officer. “The advances we have made in the market are entirely a result of the diligence and dedication of our employees. With more than two decades of consistent revenue growth and expansion into new markets and geographies, Allegro remains remarkably well-positioned for continued success in the years to come.”
Today, Allegro is one of the most recognized providers of ETRM with more than 100 successful implementations, eight generations of software, and a growing worldwide customer base. The company has grown to include more than 250 of the industry’s most talented professionals. Allegro has also developed an extensive global network of partners that provide expertise and further drive positive business results.
“Allegro’s 25 years of success in this industry is a testament to the quality of the solutions and services the company provides,” said Patrick Reames of CommodityPoint. “Very early on, Allegro secured their place in the ETRM market space and has steadily built upon that with innovation and a commitment to customer value.”
About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.
For further information please contact Samantha Johnston at email@example.com or +22.214.171.12449.