“We were using disparate systems and time-consuming spreadsheets to manage our various business processes. With activity in many different aspects of the energy value chain, we were having difficulty getting real visibility into our portfolio and consolidated risk. We chose Allegro 8 for the completeness of the solution and the efficiency it brings to our operations.”
REPower
Dragana Pilipovic Joins Allegro Development as Director of Quantitative Analytics

Renowned Energy Risk Expert Takes Role with Leading ETRM Solution Provider

DALLAS, TX, August 2, 2011 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Dragana Pilipovic has joined the company as the Director of Quantitative Analytics. Pilipovic is a recognized authority on energy markets who specializes in implementing practical quantitative solutions to manage energy risk.

Ms. Pilipovic is the author of the book “Energy Risk: Valuing and Managing Energy Derivatives,” which explores risk management methodologies in the electricity, natural gas, heating and crude oil markets.  A graduate of Harvard and Brown Universities, Dragana Pilipovic brings more than 20 years of experience examining energy market behavior and fundamental risk drivers, and developing trading and risk models to help organizations value assets and manage risk.

“One of Allegro’s most important objectives is to provide our customers with a competitive advantage in risk management, including market price exposure, liquidity exposure, and counterparty exposure,” said Eldon Klaassen, Allegro CEO. “Dragana’s depth of knowledge in quantitative risk management is unsurpassed and widely respected in our industry. She is certain to provide huge value to Allegro customers on many levels. We are thrilled to have Dragana join the leadership team at Allegro.”

In her role at Allegro, Pilipovic will lead the development of option models, risk analytics, and functionality for portfolio and asset optimization, as well as work to help customers optimize their utilization of Allegro’s analytics capabilities.  She most recently was a Partner at Risk Cultures Inc., and Founder & President of SAVA Risk Management Corp.

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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