Allegro Announces Next Generation Commodity Management Software with Allegro Horizon
Newly launched software platform to deliver market leading technology for cross-commodity trading and risk management
DALLAS, Texas, February 5, 2016 – Allegro Development Corporation, a leading provider of commodity management software, announced today that it has officially begun marketing its new software product, Allegro Horizon, addressing the commodity trading and risk management needs of the agriculture and forestry, oil and gas, chemical manufacturing, food manufacturing and utilities industries.
The new solution will provide optimal trading position visibility, driving profitability through risk mitigation, financial controls and improved compliance reporting.
“Allegro Horizon was developed in response to the current state of the global commodity marketplace, which continues to be affected by ongoing price volatility, political uncertainty, dramatic climatic events, sweeping regulatory change and technological upheaval,” said Frank Brienzi, Allegro CEO. “I am confident we have developed the most sophisticated software platform on the market for commodity trading, risk management and compliance.”
Each Horizon product is capable of individual deployment and upgrade. Products represent an optimal configuration, more closely aligned with how our customers do business across business units, desks and departments. This change provides a number of customer benefits, including less intrusive upgrades, easier adoption and greater implementation flexibility.
The initial release of Horizon also includes performance and scalability enhancements, including on-premise or cloud deployment. Product releases are defined by a multi-year roadmap to deliver new feature/function capability and increased innovation, providing complete, differentiated and value-driven solutions across the commodity management marketplace.
“We’ve made a significant investment in Allegro Horizon to create a more productized and industry-focused approach to delivering commodity management solutions that align with our customers’ business models,” Mr. Brienzi said. “Horizon is very much a collaborative effort with our customers and partners. Our first roadmap has been published, and we will continue to provide product roadmaps on a quarterly basis to share all major product drops and technology initiatives.”
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.
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