“We needed a fully functional and integrated trading and risk management solution to optimize and automate where possible our manual, spreadsheet-based business processes and to improve real-time controls and reporting. Our objective was to deliver a solution that would maximize operational efficiency across the Trading business, while at the same time provide an infrastructure that would minimize and control levels of operational risk. The flexibility and extensibility of the Allegro product allows Bord Gáis Éireann to effectively and efficiently manage our various cross commodity business processes, including those more unique aspects of our operations.”

Bord Gáis Éireann

Strong Growth for Allegro in 2011

Allegro Development reports 50% increase in new customers and 62% increase in license revenue for ETRM software

DALLAS, TX, February 15, 2012 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today its fiscal year 2011 business results, reporting strong revenue growth and a substantial increase in new customers.

Allegro realized double-digit growth across market regions, including a 62% year-over-year increase in software license revenues.  The company also saw an expansion of its market adoption with a 50% year-over-year increase in the number of new customers, including Saudi Aramco, Capital Power, PAA Natural Gas Storage, EPIC Aviation, Green Plains, and numerous others in Europe, North America, and Asia Pacific regions.  New customers were added in the petroleum, power and gas utilities, chemicals, and minerals sectors.

“Allegro’s strong growth in 2011 is particularly noteworthy given the on-going global economic challenges.  Energy companies worldwide are turning to Allegro to help navigate these market uncertainties with Allegro’s top-ranked trading and risk management solutions,” said Eldon Klaassen, CEO of Allegro Development. “Allegro business partners, such as our system integration partners, also saw a significant expansion of their Allegro-related business in 2011.”

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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