Allegro Named a Leader in the IDC MarketScape: Worldwide Energy Trading and Risk Management 2013 Vendor Assessment

DALLAS--(BUSINESS WIRE)--Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that it has been named a “leader” in the IDC MarketScape: Worldwide Energy Trading and Risk Management 2013 Vendor Assessment. ¹

“We are proud to be named a Leader in the IDC MarketScape. We were able to demonstrate growth in 2012, which represented a banner year with the addition of 21 new customers, the acquisition of new talent and a solid plan to double our revenue by 2016”

IDC Energy Insights assessed nine vendors that provide ETRM solutions to energy traders, risk managers and treasury professionals. The report is primarily based on capabilities and strategy in the areas of offerings, go to market, and business.

“Once again, Allegro has made the Leaders corner. With recent investments in people and products, we expect to see a revitalized Allegro in 2013," according to Jill Feblowitz, Vice President, IDC Energy Insights. "Leaders in ETRM are characterized by having a rich set of functionality, ease of application integration, scalability, and a relatively long history in ETRM. All of the IDC MarketScape Leaders are able to support multiple commodities and have strong physical delivery capabilities. Leaders have demonstrated growth and have solid plans for the future."

Among the findings:

• “Allegro's message to the market is all about improving the customers' ability to do business. This might be adding value to the customer with capabilities to expand into new markets and commodities, improve margins, optimize fuel costs (generators), reduce costs through efficiency and error reduction, and ease compliance.”
• “Of the identified leaders, Allegro has the highest percentage of customers on the latest version of its product. In part, this is due to the rich set of functionality in Allegro 8. Other reasons for Allegro 8 adoption are customer loyalty, new customers and ease of migration.”
• “Customers report that the application is easy to integrate, has the functionality they need and has an intuitive user interface.”
• “With the addition of new head count and investments in employee training, Allegro is looking to up the ante in 2013 and beyond by hiring and training.”

“We are proud to be named a Leader in the IDC MarketScape. We were able to demonstrate growth in 2012, which represented a banner year with the addition of 21 new customers, the acquisition of new talent and a solid plan to double our revenue by 2016,” said Ray Hood, Allegro Chief Executive Officer. “But some things will remain the same – we will continue to bring the best products in the market to meet customer challenges, we will continue to remain laser focused on making our customers successful and we continue to provide the best customer support in the industry.”

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.

About Allegro

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with flexible solutions to manage risk across gas, power, coal, crude, petroleum, agricultural, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Allegro has recently been recognized as the Energy Risk Software House of the Year and received The Energy Business Awards Gold Award for Excellence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore and Zurich, along with a global network of partners.

¹ IDC MarketScape: Worldwide Energy Trading and Risk Management 2013 Vendor Assessment, doc #EI240388, March 2013.

Allegro Development Corporation
Samantha Johnston, +1-214-237-8149
media@allegrodev.com