Neas Energy Selects Allegro for Expansion of European Natural Gas Business
Allegro’s Energy Trading and Risk Management Solution Will Support Neas Energy in Handling Multi-Market Trading Complexity
LONDON: August 06, 2014 – Allegro Development Corporation today announced that Denmark’s Neas Energy has selected the Allegro 8 platform to manage their European natural gas trading operations.
Neas Energy is an international energy company specialising in the optimisation of physical energy assets in European energy markets. Based in Denmark with offices in Germany, Sweden and the UK, Neas Energy represents a diversified Pan-European portfolio that includes combined heat and power, renewables (VPPs) and certificates.
Faced with growing business complexity, the company needed to move beyond its legacy spreadsheet-based gas trading and risk management system to a robust, best-of-breed solution capable of providing instant visibility to manage diverse trade information and developing business opportunities.
Competing against other established ETRM vendors, Allegro’s flexible architecture and extensibility ultimately led to its selection at Neas Energy. The Allegro 8 platform offers the scalability necessary to accommodate the company’s vision for growth and expansion into new and emerging markets.
“The flexibility of the solution provided by Allegro and the potential for our IT development team to enhance it to suit evolving demands and supplement other business critical in-house developments made Allegro the right choice for us,” said Bjorn Skovhus, EVP of Energy Markets, Neas Energy. “Allegro’s proven track record plus the advanced technology provides us with an effective transaction management system. Considering our ambitions to expand our European footprint, this solution provides us with a strong systemic foundation to further grow our business.”
About Neas Energy
Neas Energy is an independent energy trading and management company. Established in 1998 during the liberalization of the Nordic energy market, today Neas Energy is active in more than 20 European countries. At Neas Energy we want to be the best at what we do, we want to provide our clients with the best services and attract the best people in the business. To pursue this we have built our company culture and corporate values around a simple and yet great promise to ourselves: “We bring our best.” NEAS headquarters are located in Aalborg, Denmark, with offices in London, Hamburg and Stockholm. For more information please visit www.Neasenergy.com.
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 firstname.lastname@example.org or +188.8.131.5249.