“Implementing Allegro 8 will enable SUEK to manage our exposure to the coal and freight markets and to optimize our growing business.  We needed a scalable system that could handle our current trading activities and enable us to keep pace with market changes.”

SUEK AG

Allegro Opens Office in Sydney

Leading Energy Trading & Risk Management Software Provider Expands to Meet Growing Global Demand

SYDNEY, JANUARY 19, 2012 - Allegro Development Corporation,  a leading provider of energy trading and risk management (ETRM) software, announced today that it has opened an office in Sydney, Australia to meet the growing demand for its solutions in Australia and New Zealand.  This expansion will enable Allegro to better support its existing customers in the region, and deliver new solutions to power and gas utilities, refiners, energy producers, traders, and commodity consumers.

“We see tremendous opportunity for growth in Australia and New Zealand and are excited to expand our presence to meet the specific needs of the region,” stated Roddy Macnab, Allegro Managing Director, Asia Pacific. “Opening an office in Sydney is a natural progression following the growth of energy markets in this region, and will allow Allegro to deliver the technology, expertise, services, and support that customers here demand.”

For more than 27 years, Allegro has provided multi-commodity software solutions that help companies meet their business objectives, including improving trader productivity, achieving compliance, streamlining processes, and mitigating numerous types of risk associated with the energy and commodity markets.  In addition to offices in Dallas, Calgary, Houston, London, Singapore, and Zurich, Allegro’s Sydney location will allow the company to meet the needs of its growing global customer base.

The new office location is:

Allegro Development Australia Pty Ltd
Level 56 MLC Centre
19-29 Martin Place
Sydney NSW 2000 Australia

Telephone: +612 9238 6291

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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