“We believe that Allegro ETRM, which can scale with the future growth of our business, offers a comprehensive natural gas solution which will enable a streamlined implementation and solid return on our investment. As PNG grows its asset base and our volumes increase, we need a fully integrated platform and tools that enable optimal decision making,”

Plains All American Pipeline, L.P.

Allegro Receives Top Rankings in 2011 Energy Risk Software Survey

Allegro Ranks #1 in Customer Support and Ease of Use Categories

DALLAS, TX, March 8, 2011 – Allegro Development Corporation (“Allegro”), a leading provider of energy trading and risk management (ETRM) solutions, announced today that it has received top rankings in key categories of the annual Energy Risk Magazine Software Survey.  Allegro took first place in the “Overall Ease of Using the System” category and first place in the “Customer/Support Services” category. Overall, Allegro’s rankings improved dramatically this year with recognition in 19 categories, up from 12 categories in 2010.

Allegro also garnered top rankings in the following categories:

  • Best Overall ETRM Platform
  • Best Product Coverage
  • Best Knowledge of the Market in Which the Software Operates
  • Physical and Financial Integration
  • Risk Metrics
  • Credit Risk
  • Market Risk: Gas
  • Market Risk: Power
  • Market Risk: Oil
  • Portfolio Management
  • and others

Results are based on a survey of ETRM end users from energy trading companies, oil and gas companies, hedge funds, utilities and energy producers.  The poll assessed more than 29 vendor solutions based on functionality, usability, performance and reliability.

“We are thrilled that our customers have voted us first in Ease of Use and Customer Support – two items that are essential in the adoption and success of ETRM systems. The business of trading and risk management is complex enough, without having to deal with the additional burden of hard-to-use or poorly supported systems,” said Michael Hinton, Allegro’s Chief Customer Officer.  “The entire Allegro Team is committed to providing a superior customer experience to ensure that customers are getting maximum value from their Allegro software.”

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 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.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.

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