Allegro Recaps 2015 Accomplishments and Plans for 2016
New talent, new accounts, improved revenue, increased earnings, industry awards and a revitalized product strategy top 2015 highlights
DALLAS, Texas, February 2, 2016 – Allegro Development Corporation, a leading provider of commodity management software, announced today its fiscal results for 2015, reporting double digit revenue and profitability growth over 2014.
The growth was fueled by the addition of 20 new logo accounts and 25 installations spanning global commodity markets, including major players transacting business in the commodities of power, gas, crude, natural gas liquids, chemicals and agricultural products.
“2015 was a transformational year for Allegro focused on hiring the right executive talent and implementing the right processes to scale,” said David Fishman, Managing Director of Vector Capital and Allegro Board Member. “With a seasoned executive team now in place and re-energized product strategy, 2016 will prove to be another banner year for Allegro.”
In May, the Board of Directors appointed Frank Brienzi as Chief Executive Officer. The appointment headed a list of six other leadership announcements, including Jon McCabe as Chief Financial Officer, Keith Farris as Chief Technology Officer, Mark Crosno as Vice President of Americas Sales, Steve Nat as Vice President of Product Strategy, Joachim Koch as Vice President over Sales Operations and Strategic Alliances and Rod Fomby as Senior Vice President of Global Services. Also, in June, the company acquired JustCommodity, a Singapore-based agriculture commodities solution provider, adding significant domain expertise in that market sector. Former JustCommodity Chief Executive Officer, Joel Lou, joined the Allegro executive team as Managing Director for Agriculture Commodities.
“Our work in 2015 sets the stage for a new Allegro, as we continue to develop a world-class brand that resonates with our customers, partners, employees and industry,” said Frank Brienzi, Allegro CEO. “Our plans for 2016 and beyond include a new product configuration called Allegro Horizon, which embodies our progressive, global qualities and will provide visibility across the entire commodity management lifecycle.”
Allegro Horizon officially launched in January 2016 and represents an integrated system of industry-specific features and functions designed to drive profitability through risk mitigation, financial controls and improved compliance reporting.
In addition, Allegro also highlighted the following accomplishments and accolades as part of its 2015 success story:
- Reorganized its consulting services team, adding new talent and revamping their foundation methodology for improved project management and execution.
- Bolstered its customer engagement capability with new Customer Appreciation Program, Allegro Certification Program, Customer Innovation Award, CIO Summit and Net Promoter Scoring metrics.
- Ranked number one in IDC MarketScape’s Worldwide Energy Trading and Risk Management Software Market leadership survey.
- Named Commodities Now magazine’s 2015 CTRM Software Award Winner.
- Listed among the top 100 entrepreneurial companies in Dallas by SMU’s Cox School of Business based on percent sales increase and absolute dollar growth from 2012 to 2014.
Participated in Commodity Technology Advisory’s third annual CTRM Value Study, with 100 percent of respondents willing to recommend Allegro.
- Named among the top 20 Most Promising Capital Markets Technology Solution Providers in 2015 by CIO Review magazine.
- Donated $2.3 million in software to Wichita State University’s new Koch Global Trading Center.
“Looking forward, we will focus on delivering Allegro Horizon to our core market, strengthening our new business efforts in the Americas, EMEA and APAC, and building customer references through enhanced value across our customer base,” said Mr. Brienzi. “The pieces are in place to make 2016 a banner year for Allegro.”
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 allegrodev.wpengine.com or contact Samantha Johnston at email@example.com or +188.8.131.5249.