ION announces acquisition of Allegro
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.
Allegro is a global leader in commodity management software and advanced analytics for companies that buy, sell, produce, or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls, regulatory compliance, and analytics through a forward-compatible, next-generation architecture that empowers commodity organizations to make data-driven decisions. Allegro’s proven CTRM software innovation and flexibility, coupled with a strong global network of industry partners and industry-leading analytics, makes its solutions perfect for full commodity portfolio management.
Headquartered in Dallas, Texas, Allegro has offices in Houston, Dubai, Jakarta, Singapore, London, and Zurich. To learn more, visit Allegro’s website at www.allegrodev.com.
About ION Group
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments, and corporates. For more information, visit www.iongroup.com.
Janet Alicea, +1.516.661.7889, janet.al[email protected]
Michael Schwartz, +1.914.815.1689, [email protected]
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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 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/.