|Koch Minerals Implements Allegro Energy Trading and Risk Management Solution|
One of the World’s Largest Bulk Commodity Traders Adopts Allegro 8
DALLAS, TX, July 18, 2011 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Koch Minerals, LLC has implemented the Allegro 8 platform to support its bulk commodity trading operations. Allegro provides an enterprise system that streamlines and automates the trading, logistics, accounting, and risk-management activities around Koch Minerals’ physical and financial transactions, assets, and positions.
Koch Minerals, a subsidiary of Koch Industries, Inc., and its affiliates are among the world’s largest dry-bulk commodity handlers, marketing and trading more than 40 million tons of product annually. These products include coal, petroleum coke, cement, carbon products, sulfur, and pulp and paper derivatives. Koch Minerals maintains an extensive network of bulk import/export terminals across the United States and Europe.
“We chose Allegro because it offered the promise of a solution that is robust enough to grow with our business, including new markets, new trading partners and new regions of the world. Allegro has been responsive and provided very good service throughout the implementation. They have listened to our needs and leveraged their experience with other companies to help us apply their system to our business practices,” said Brent Youngers, Koch Minerals IT Leader.
With a single system in place to support front- to back-office activities, Allegro provides Koch Minerals:
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.
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