Allegro Receives Top Rankings in Energy Risk Software Survey

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that it has received top rankings in key categories of the annual Energy Risk Magazine Software Survey. Allegro was voted first place by customers in the following four categories:

• Best for Project Delivery On Time and Within Budget
• Physical and Financial Integration
• Overall Ease of Using the System
• Customer Support & Services

The annual rankings are based on a survey of ETRM solution end users from energy trading companies, oil and gas companies, hedge funds, utilities, and energy producers.

“Allegro realizes how important it is to our customers that implementations be completed on time and on budget. We are thrilled to receive the top ranking in this category. These successful projects can largely be attributed to Allegro’s Agile approach to ETRM, which enables customers to rapidly realize business benefits by managing the deployment as a series of phased projects, each of which focuses on a distinct business objective,” said Eldon Klaassen, Allegro CEO. “Achieving these top rankings is especially significant because they are based on the most important opinions; those of our customers.”

The poll assessed more than 14 vendor solutions based on functionality, usability, performance and reliability. Allegro also received top rankings in the following categories:

• Market Risk for Gas
• Market Risk for Power
• Operational Risk
• Portfolio Management
• Product Coverage
• Risk Metrics
• Integration of Different Data Sets
• Degree of Straight-Through-Processing
• Front Office and Trade Capture
• and others

About Allegro

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 27 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. www.allegrodev.com