Allegro and BroadPeak Announce Global Strategic Partnership
Allegro and BroadPeak Partner to Offer Customers Off-the-Shelf Interconnectivity Solutions in Commodity Trading and Risk Management
DALLAS, May 16, 2018 – Allegro Development Corp., a leading provider of commodity trading and risk management (CTRM) software, announced today that it has formed a strategic partnership with BroadPeak Partners, a world-renowned developer of K3 and other intuitive UI applications that provide both custom and off-the-shelf interconnectivity toward a hyper-connected enterprise.
In today’s commodities markets, it is common for businesses to build bespoke custom software integrations to solve their data exchange problems. While this method may work in the short-term, it becomes a source of headaches over time due to the resources and level of maintenance required. Because enterprise software applications that hold a large amount of data require interconnectivity with other applications to ensure agile business processes, the CTRM industry demands a more comprehensive solution.
The partnership between Allegro and BroadPeak addresses market demands for better data connectivity and business intelligence, as well as reducing risk of integration projects by offering both out-of-the-box and customized data integration to the commodity trading and risk management market.
Businesses that utilize Allegro’s software to manage commodity trading and BroadPeak’s K3 data solution experience user-friendly interfaces, streamlined data connectivity, and immutable data warehousing, resulting in increased time to deployment and agile portfolio management.
Frank Brienzi, CEO, Allegro Development Corp.:
“We are thrilled to announce our expanded partnership with BroadPeak. Our current joint customers are already experiencing exponential benefits; and we look forward to working with BroadPeak to continue bringing a holistic solution to portfolio data management and connectivity.”
Gordon Allott, CEO, BroadPeak Partners:
“We are incredibly excited about our partnership with Allegro. From the moment we started this process, we quickly realized that Allegro is intensely focused on helping customers achieve fantastic levels of data connectivity.”
About BroadPeak Partners
BroadPeak is the developer of K3, software that takes data from anywhere, allows users to transform, filter, and unify through an intuitive UI, and send it to anywhere. K3’s brilliant data plumbing drives business intelligence, streaming ETL, and system integration. Starting as a TechCrunch finalist, K3 is used by Fortune 500 companies to bring teams together around data. Trading firms in particular leverage K3 for exchange connectivity, position limits, and trade surveillance. For more information, visit https://broadpeakpartners.com/.
About Allegro Development Corp.
Allegro is a global leader in commodity management software for companies who buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through a forward compatible, next-generation architecture that is built for your business. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Dubai, Houston, Jakarta, London, Singapore and Zurich, along with a global network of partners. Visit Allegro’s website at https://www.allegrodev.com.