Gelsenwasser Selects Allegro Horizon CTRM
LONDON, UK, Sept. 20, 2017: Allegro Development Corp., a global leader in commodity trading and risk management (CTRM) software, announced today that Gelsenwasser AG, one of the largest drinking water suppliers and growing provider of natural gas and power in Germany, has selected Allegro’s cloud-compatible CTRM solution, Allegro Horizon, to manage its power and gas operations.
Gelsenwasser’s decision to replace their legacy system was driven by the approaching end of support for their current solution, which covered significant parts of their CTRM-related activities. The German company determined that its users required a more intuitive solution that would allow front-to-back processing of multi-commodity trades in complex portfolio constellations.
During Gelsenwasser’s thorough vendor evaluation period, Allegro and one of its key technology and delivery partners, Quaternity, demonstrated that Allegro’s extensible CTRM software application would not only cover their current needs and business processes, but also elevate the company’s risk management domain expertise and smart portfolio balancing well beyond previous capabilities.
The Allegro/Quaternity solution was selected for its functional excellence, flexibility and configurability, automation and seamless integration into the existing Gelsenwasser IT landscape.
Frank Brienzi, CEO, Allegro Development
“Today’s announcement highlights Allegro’s continued expansion into the German utilities market. Gelsenwasser’s selection of Allegro Horizon for commodity trading and risk management can be attributed to our software’s forward-compatibility, coupled with extensibility that allows for seamless integration with Quaternity’s sales portfolio solution.”
Peter Saliger, Head of Sales, Gelsenwasser
“We chose Allegro Horizon because it is a state-of-the-art solution that satisfies our CTRM-related needs. Additionally, Quaternity is our preferred implementation partner due to the company’s many years of experience in CTRM-realization projects, coupled with a deep understanding of German utility companies. By utilizing Allegro’s CTRM solution with Quaternity’s functionality customization for our trading and risk management processes, we will be better positioned to master future challenges of digitalization in the energy sector. We look forward to getting started with the new system.”
Michael Pirich, Managing Director and Co-Founder, Quaternity
“We are proud to be the selected implementation partner for the Allegro CTRM. With our innovative Agile Implementation approach we strive to deliver a tailored, state-of-the-art Allegro solution, which will support the customer in mastering upcoming challenges in an increasingly digitized energy industry. The open platform approach of Allegro gives a specialized software developer like Quaternity the opportunity to enrich the Allegro system with additional functionality. This and its superior technical design make Allegro the cloud-compatible CTRM platform of choice.”
Headquartered in Gelsenkirchen GELSENWASSER AG is one of the largest drinking water supply companies in Germany, as well as an industry leader in water abstraction and distribution. Additionally, Gelsenwasser is a growing player in German gas and power supply. The company offers services in all these business areas of the group for local partners, industry and households. Gelsenwasser has been working on behalf of municipalities for 130 years and employs about 1.500 people. For more information on Gelsenwasser, visit www.gelsenwasser.de.
Quaternity is a specialized software developer, implementation and support services provider focusing exclusively on the energy industry. Quaternity is a leader in automation, digitization and data solutions for energy trading and sales organizations. Coupled with our Agile Implementation approach, Quaternity is dedicated to support energy companies in mastering today’s and tomorrow’s technological challenges. Quaternity is operating from offices in Walchwil, Switzerland and Vienna, Austria. For more information on Quaternity, visit www.quaternity.ch
Allegro develops and markets integrated commodity management software for companies who buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through its forward-compatible, next-generation architecture. Headquartered in Dallas, Allegro has offices in Calgary, Dubai, Houston, Jakarta, London, Singapore and Zurich, along with a global network of partners.
- Sell-side clearing businesses turn to technology to address hiring challenges
- Migros upgrades to ION’s new Wallstreet Suite solution and migrates to the ION Cloud
- ION-owned LIST completes phase two of client migration onto Euronext’s Optiq trading platform
- Samuel, Son & Co., Limited selects ION’s Reval for global treasury and risk management
More in ION CommoditiesView all »
About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/.