“We chose Allegro because it offered the promise of a solution that is robust enough to grow with our business, including new markets, new trading partners and new regions of the world. Allegro has been responsive and provided very good service throughout the implementation. They have listened to our needs and leveraged their experience with other companies to help us apply their system to our business practices,”

Koch Minerals

Patrich Simpkins Joins Allegro Board of Directors

Industry Veteran Provides Valuable Expertise to the Industry Leader in Energy Trading and Risk Management

DALLAS, TX, July 2, 2009 –  Allegro, the leading provider of energy trading and risk management (ETRM) solutions, today announced the appointment of Patrich Simpkins to their Board of Directors.  With his 22 year background in the energy and technology industries, Simpkins will assist with Allegro’s expansion in the ETRM market.

Simpkins is currently the managing partner for GPS Capital Partners, a banking advisory firm based out of Dallas, and serves in board and advisory positions for several firms spanning energy, clean-tech and software.

“Patrich is a fantastic addition to our board,” said Allegro Founder and CEO, Eldon Klaassen.  “He brings a unique blend of business and technical leadership from the Energy industry, and his background building several successful energy companies will be invaluable to our company as we continue to grow and leverage our ETRM expertise and solutions.”

Simpkins vast experience as a senior executive extends from strategy and finance to operations.  Past positions include serving as Chief Operating Officer and Chief Financial Officer at SensorLogic, Inc., Executive Vice President and Global Chief Risk Officer at TXU Energy and Senior Vice President of Duke Energy.

In addition to his enterprise management expertise, Simpkins has also co-founded and built several successful businesses, including a large energy services and commodity trading firm, an energy and technology focused merchant debt and equity firm and a SaaS software organization.

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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