First-time ranking for Allegro based on strong sales growth
DALLAS, Texas, November 9, 2015 – Allegro Commodity Management, a leading provider of commodity management software, announced today that it has been named #37 out of the top 100 entrepreneurial companies in Dallas by SMU’s Cox School of Business. The 2015 honor is based on percent sales increase and absolute dollar growth from 2012 to 2014, according to analysis performed by the accounting firm BKD CPAs and Advisors.
Founded in 1984, Allegro posted record sales in 2013 and was acquired by Vector Capital and Cerium Technology in July of 2014, before ending the year with a record-setting 35 percent year-over-year revenue increase.
“When you look at the roster of companies named on the list, the gravity of the honor takes on added weight,” said Frank Brienzi, Allegro CEO. “We are extremely humbled and grateful to be listed among the top producers by such a prestigious institution as SMU Cox.”
The Dallas 100 Awards event, which was co-founded by the Caruth Institute for Entrepreneurship at SMU Cox, recognizes privately held corporations, proprietorships and partnerships headquartered in the Dallas area that have created jobs and generated wealth for their founders and employees and enhanced the area economy.
“This annual event, which this year celebrates its silver anniversary, honors the vibrant entrepreneurial community that makes Dallas such a dynamic city for business,” said Jerry White, director of the Caruth Institute for Entrepreneurship at SMU Cox.
The top 100 winners were revealed at the Dallas 100 Awards banquet held on Wednesday, November 4, at the Omni Dallas Hotel at 555 S. Lamar in downtown Dallas.
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.
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