Allegro Development Corporation

Press Releases

Allegro Recognized as a Leader in the “Magic Quadrant” by Premier Industry Analyst Firm in Report on ETRM Platforms

Leading Analyst Firm Recognizes Allegro’s Completeness of Vision and Ability to Execute


DALLAS, TX, April 19, 2010 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions announced today it was named to the Leaders Quadrant in Gartner’s report, “Magic Quadrant for Energy Trading and Risk Management Platform.” [1] Gartner is a leading 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.

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.

“Allegro has demonstrated leadership and innovation in the market for over 25 years. We are pleased to be recognized as a leader by Gartner," stated Eldon Klaassen, Chairman and CEO of Allegro Development.  “We are committed to remaining a step ahead of other solution providers in delivering innovation that provides a true competitive advantage to our customers. Our risk management capabilities, architecture, ease of use, customer support, and educational services are unsurpassed in the trading and risk management area.”

About the Magic Quadrant

The Magic Quadrant is copyrighted 2010 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 gas, power, coal, crude, petroleum, 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 and Zurich, along with a global network of partners.

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[1] Gartner, Inc. Magic Quadrant for Energy Trading and Risk Management Platform, Keith Harrison, David Furlonger, 24 March 2010