“We have been very satisfied with the breadth of the Allegro platform and the visibility that it has brought into our fuel hedging operations. Upgrading to Allegro 8 and adding enhanced functionality around hedge accounting was a natural decision. The Southwest Airlines and Allegro teams worked closely in the planning phase of this project and clearly demonstrated our mutual commitment to supporting Southwest Airlines’ long term needs.”

Southwest Airlines

Allegro Recognized as a Leader in IDC MarketScape 2011 Assessment of ETRM Software Providers

IDC Energy Insights Report Highlights Allegro’s Capabilities and Strategies

DALLAS, TX, SEPTEMBER 14, 2011 - Allegro Development Corporation a provider of energy trading and risk management (ETRM) software, announced today that it has been named as a “Leader” by IDC Energy Insights in its report IDC MarketScape: Worldwide Energy Trading and Risk Management 2011 Vendor Assessment.  IDC is a premier technology research and advisory firm. The “Leader” category is the report’s highest ranking. Download the report here.

Among the report’s findings:

  • “What sets Allegro ahead of the others is its momentum and focus on the customer for reducing costs, contributing to the product roadmap, customer education, and customer satisfaction.”
  • “There is a commitment to risk management, improving customers' business intelligence, efficient execution, and compliance and control.”
  • “The company continues to have strong functionality on the physical side of the energy commodity”
  • “Allegro has a commitment to advanced architecture and innovation.”
  • “Modularization, along with component-based pricing, has been attractive to new customers that have the desire to manage costs through a phased implementation.”
  • “Allegro is well positioned to grow, with a well-developed road map that is framed around themes that are attractive to customers.”

“We are especially pleased to be recognized for our agile approach to deployment and our unique product development strategy,” said Eldon Klaassen, Allegro CEO.  “IDC’s research confirms that Allegro’s commitment to closely aligning our solutions to meet customer business objectives is resonating in the market place.”

*IDC Energy Insights, IDC MarketScape: Worldwide Energy Trading and Risk Management 2011 Vendor Assessment, (Doc. #EI229863), August 2011.

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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 media@allegrodev.com or +1.214.237.8149.

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