ION announces acquisition of Allegro

20 April 2019

New York, April 17 2019 – Allegro Development Corporation, a global provider of enterprise commodity management solutions has been acquired by ION Group, the companies announced today.

Andrea Pignataro, ION’s CEO, said “The acquisition of Allegro Development Corporation expands our footprint in commodities and our portfolio of enterprise solutions.”

“ION’s long-term approach to product development and strategy is ideal for our culture of continuous innovation. I’m excited for what the future holds as we continue to expand our suite of offerings that enable our customers to solve their business challenges quickly and cost efficiently. Allegro clients can rely on ION’s long-term investment approach and benefit from ION’s additional scale, global capabilities and offerings which will enhance Allegro’s existing offerings and expertise and advance Allegro’s product and delivery excellence.” says Allegro Development Corporation CEO Frank Brienzi.

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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

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