DALLAS, TX, March 19, 2012 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced that it has been named a leader in Gartner Inc.’s report, “Magic Quadrant for Energy Trading and Risk Management Platforms.” Gartner is an information technology research and advisory company, and their annual Magic Quadrant analysis of ETRM platforms serves as a research tool for companies seeking ETRM solutions. The results are based on Gartner’s evaluation of 14 ETRM software providers.
Gartner named Allegro to the Leaders Quadrant for meeting the needs of the energy market based on an assessment of “Ability to Execute,” which includes the quality and efficiency of the processes, systems, methods, or procedures that enable performance to be competitive, efficient, effective, and to positively affect revenue, retention, and reputation. Allegro was also recognized for ”Completeness of Vision,” which assesses a solution provider’s ability to convincingly articulate logical statements about current and future market direction, innovation, customer needs, and competitive forces.
As noted by Gartner, vendors in the Leaders Quadrant offer “applications that cover all core ETRM platform requirements for all traded commodities within energy markets, extending coverage in key areas such as market and credit risk management, logistics or portfolio/asset optimization. These vendors have true global coverage, providing solutions to all major energy markets. In addition, these vendors demonstrate established relationships with complementary product and service providers in all regions, a well-defined corporate and marketing strategy, and strong financial viability.”
Allegro develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.
For more information, please visit www.allegrodev.com or contact Samantha Johnston at JLIB_HTML_CLOAKING or +184.108.40.20649.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.