Hydro Selects Allegro

Hydro Selects Allegro to Deliver Commodity Management Software for Its Worldwide Commercial Energy Operations

Allegro 8 selected to manage multiple commodities by Norway’s second-largest producer of hydroelectric power.

LONDON, October 12, 2015 – Allegro Development Corporation, a leading provider of commodity management software, today announced that Hydro has selected Allegro 8 to manage its commercial energy operations globally.

Hydro is a global aluminium company with production, sales and trading activities throughout the value chain, from bauxite, alumina and energy generation to the production of primary aluminium and rolled products as well as recycling. Based in Norway, the company has 13,000 employees involved in activities in more than 50 countries on all continents. Hydro is Norway’s second-largest producer of hydroelectric power with approximately 10 TWh of yearly production.

“In today’s business environment, risk management is crucial for providing decision support, managing compliance and the overall business” says Preben Richter, Head of Risk Management, Hydro Energy. “With Allegro, we selected a modern commodities management system that provides us with visibility, necessary functionality and adaptability.”

Jonathan English, Managing Director Allegro EMEA and APAC, was pleased to extend Allegro’s footprint in the Nordics, winning yet another customer based on Allegro’s capabilities to deliver leading edge technology. He commented, “We are delighted to add Hydro to our rapidly growing customer base in the Nordic region. It is a very important win, and we feel confident that the partnership will be very successful.”

About 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 www.allegrodev.com or contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.

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