DALLAS, TX, March 19, 2012 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced that it has been named a leader in Gartner Inc.’s report, “Magic Quadrant for Energy Trading and Risk Management Platforms.”  Gartner is an information technology research and advisory company, and their annual Magic Quadrant analysis of ETRM platforms serves as a research tool for companies seeking ETRM solutions.  The results are based on Gartner’s evaluation of 14 ETRM software providers.

Gartner named Allegro to the Leaders Quadrant for meeting the needs of the energy market based on an assessment of “Ability to Execute,” which includes the quality and efficiency of the processes, systems, methods, or procedures that enable performance to be competitive, efficient, effective, and to positively affect revenue, retention, and reputation. Allegro was also recognized for ”Completeness of Vision,” which assesses a solution provider’s ability to convincingly articulate logical statements about current and future market direction, innovation, customer needs, and competitive forces.

As noted by Gartner, vendors in the Leaders Quadrant offer “applications that cover all core ETRM platform requirements for all traded commodities within energy markets, extending coverage in key areas such as market and credit risk management, logistics or portfolio/asset optimization.  These vendors have true global coverage, providing solutions to all major energy markets.  In addition, these vendors demonstrate established relationships with complementary product and service providers in all regions, a well-defined corporate and marketing strategy, and strong financial viability.”

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.

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.