Allegro Named a Leader in the IDC MarketScape: Worldwide Energy Trading and Risk Management 2015 Software Vendor Assessment
DALLAS, TX, April 15, 2015 – Allegro Development Corporation, a leading provider of commodity risk management software, announced today that it has been named a “leader” in the IDC MarketScape: Worldwide Energy Trading and Risk Management (ETRM) 2015 Software Vendor Assessment (doc #EI255242, April 2015).
IDC Energy Insights assessed eight vendors that provide ETRM solutions to energy traders, risk managers and treasury professionals. The report is intended to provide energy companies with insight into the current capabilities and future strategies of ETRM vendors based on criteria including product innovation, go-to-market execution and growth strategies.
“Allegro is well positioned in our leader’s quadrant and this can be accredited to the company’s transformation,” said Jill Feblowitz, Vice President, IDC Energy Insights. “Allegro has achieved continued growth in all areas since 2013, because the company has committed to keep its customers at the core of its focus. In addition to offering a comprehensive ETRM suite with flexible delivery options, Allegro has added various customer programs over the last few years, including customer roadmap planning sessions and the annual Innovation awards which helped secure their position in the 2015 IDC MarketScape.”
Among the findings:
“Allegro has continued on its growth trajectory — which has been consistently good over the past several years — with a growth rate of 23% in 2014 over growth in 2013.”
“Allegro has made the right moves in a period of transition to new funders and top-level leadership. In transition periods, it is essential to keep the customer base engaged. In the past year, Allegro has devoted attention to ‘celebrating the customer’ rolling out awards and customer satisfaction surveys.”
“Customers are complimentary about the product. Rich functionality and configurability are areas where customers rate the product highly. Most importantly, customers report having achieved measurable benefits with use of the software. One customer reported that it identified $19 million it could recover through evaluation of the close process involving Allegro and the ERP. Another company reported that implementation of Allegro provided valuation information that helped it save approximately $1.2 million annually.”
“We are thrilled with the results of the IDC MarketScape. Allegro is clearly positioned as a leader in the category,” said Michael Hinton, Chief Customer Officer and Senior Vice President of Products and Solutions, Allegro. “I have served on Allegro’s leadership team for seventeen years, and have never been more excited about the alignment of our team, our vision and our focus. We are striving for excellence, and it’s evident that our customers are proud to be a part of the Allegro family. Our technology is the most comprehensive and integrated trading and risk management solution on the market, and we have the right people on board to deliver the highest level of customer service and support available in the industry today.”
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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 firstname.lastname@example.org or +188.8.131.5249.