“We believe that Allegro ETRM, which can scale with the future growth of our business, offers a comprehensive natural gas solution which will enable a streamlined implementation and solid return on our investment. As PNG grows its asset base and our volumes increase, we need a fully integrated platform and tools that enable optimal decision making,”

Plains All American Pipeline, L.P.

Ray Hood Joins Allegro Development Board of Directors

DALLAS TEXAS, February 10, 2010 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that Ray Hood, President and CEO of Qumu, has joined Allegro’s Board of Directors. Mr. Hood brings nearly three decades of experience in the software industry and a track record of successfully building technology organizations.

“I am extremely pleased that Ray Hood will be joining our board of directors,” said Eldon Klaassen, Allegro’s Chief Executive Officer. “His wealth of technology expertise, industry insight and executive leadership will be a valuable addition to the board as Allegro works to achieve our global corporate strategy.”

Mr. Hood currently serves on the Board of Directors of OneNetwork, a demand/supply chain solution provider, and on the Executive Board of Advisors at the SMU School of Engineering. Previously, Mr. Hood was Founder and Managing Partner at Rodin Management LP, President and CEO of SensorLogic Inc., and President and CEO of EXE Technologies, Inc. He is a graduate of the Wharton School at the University of Pennsylvania and started his career with Price Waterhouse as a public accountant.

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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