"Allegro demonstrated the ability to provide a fully integrated approach to managing our business. With the ability to support the physical and financial aspects of our power trading and to manage the risk associated with these activities, as well as the option to seamlessly connect with our existing accounting system, we expect to gain the visibility and business process efficiency necessary to meet our objectives. The Allegro 8 technology architecture offers the flexibility and business capabilities we need to succeed in the European market environment."

Industrielle Werke Basel (IWB)

Allegro Development Expands London Office
Growing international demand for energy software key to expansion

Allegro Development today announced that it has completed the relocation of its London office and staff. The expansion was required as a result of the growing demand for Allegro’s software products in European markets. Many European oil, gas and energy companies are now seeking to replace their inflexible and costly legacy software to keep pace with changing regulations and requirements across the continent. Allegro’s n-tier software solutions are increasingly being seen to offer the flexibility, configurability and depth of functionality that European energy companies now require.

“Software demand in Europe is very strong but buyers are looking for software solutions that will meet their needs today and tomorrow; offering both return on their software investment and a lower cost of ownership over the software’s life cycle,” said Mr. Eldon Klaassen, founder & President of Allegro. "Allegro’s software is increasingly being viewed as the leading solution offering significant business benefits for users through its n-tier architecture and innovative design. Additionally, we are fortunate to have a strong team of consultants in our London office that have a deep understanding of the issues that confront our European clients and prospects today.”

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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