TradeCapture Expands Global Presence by Opening Rome Office

HOUSTON--(BUSINESS WIRE)--TradeCapture, Inc., a leading global advisor to the energy industry as a provider of innovative energy trading and risk management (ETRM) software solutions, announces the opening of an office in Rome, Italy. In conjunction with this new location, TradeCapture names Pete Carlile to the position of General Manager - VP Europe. Mr. Carlile has more than 20 years of information technology experience, including 12 years in all facets of trading systems delivery, project management, change management and consulting.

TradeCapture’s office in Rome provides its growing European customer base with more localized support and regional expertise. Those multinational customers include Eni S.p.A. (an integrated energy company headquartered in Rome and with operations in nearly 70 countries), Enel (Italy’s largest power company), as well asUBS, PetroChina, Chevron, Mitsui and many others. Headquartered in Houston, Texas, TradeCapture has an Asian office in Hyderabad, India, and development and support centers strategically located around the world.

“The opening of our Rome office not only moves us closer to our major customers, it symbolizes TradeCapture’s overall philosophy,” states Mr. Carlile. “We bring the world of practical molecule allocation increasingly closer to the valuation, risk management, control and compliance world of the trader. As global energy markets continue to integrate, the capabilities of our Rome office will help our customers stay ahead of rapidly changing market conditions through better global coordination of trading and logistics.”

Mr. Carlile brings substantial experience to his new position in the Rome office. He previously held the position of Senior Manager at Accenture in their Innovation and Offer Management team, responsible for product strategy for Payroll in Accenture’s Global HRO business unit. At LogicaCMG , he implemented a transactional, risk management and position keeping system for Shell’s oil trading and managed the replacement of finance back office systems. Mr. Carlile subsequently was involved in de-regularisation of the UK Gas Market (advising and designing solutions for both Gas Day Management and Trading systems for a number of the major players), then moved into the management team as he undertook a number of roles that culminated in serving as Business Development Director for the Global Outsourcing team.

“Pete’s experience in the global energy markets has given him a unique perspective on how TradeCapture's flagship suite of ETRM products are used by the world’s largest and most successful companies to address the requirements of rapidly evolving energy markets,” says Thomas (Trip) Ray III, COO, TradeCapture, Inc. “Our worldwide offices enable us to be closer to the trading organizations we serve, and demonstrate our commitment to be the premier ETRM platform for the industry as we bridge the gap between the physical movement of oil and trading floor methodologies.”

TradeCapture, Inc. is a leading global provider of innovative and cost effective solutions designed and developed for companies in the field of commodity trading and transaction management. Since 1997, TradeCapture has been delivering robust enterprise-wide trading and risk management systems for multi-commodity marketplaces throughout the world. For more information, visit www.tradecapture.com.