Triple Point Named "ETRM Software House of the Year" by Energy Risk Magazine
Recognized for Customer Growth and Innovation
WESTPORT, CT -- (Marketwired) -- 05/15/13 -- Triple Point
Technology, the leading global provider of on-premise and in-cloud
Commodity Management software, announced today that it has been named
"ETRM Software House of the Year" by Energy Risk magazine. This
prestigious award is a result of Triple Point's revenue, profit, and
customer growth in 2012 as well as its unique ability to deliver
innovative, next generation commodity trading and risk management
(CTRM) solutions including mobile applications.
In 2012 Triple Point grew its revenue by 30% and its profit by 40%.
The company also added 28 new energy companies to its base of 400+
customers in 2012 including Spanish power generator Iberdrola
Generation, Korean-based oil refiner and marketer SK Energy, Brazil
energy giant Petrobras, and China National Offshore Oil Corporation
"Triple Point's success has been fueled by its unwavering commitment
to provide the most comprehensive and sophisticated solutions for
managing an end-to-end commodity value chain," said Peter F.
Armstrong, CEO, Triple Point. "It's an honor to be continually
recognized by the world's leading press and analyst organizations for
delivering the highest return on investment for commodity and energy
The "ETRM Software House of the Year" award follows on the heels of
analyst firm IDC naming Triple Point a Leader in its 2013 IDC
Marketscape: Energy Trading and Risk Management (ETRM) Vendor
Assessment. Triple Point has also been named a Leader in the Gartner
Magic Quadrant for ETRM Platforms for four consecutive years. In
addition, in 2012 Energy Risk named Triple Point "Software House of
the Year - Asia."
About Triple Point Technology
Triple Point Technology(R) is the
leading global provider of on-premise and in-cloud Commodity
Management software that delivers advanced analytics for optimizing
end-to-end commodity and energy value chains. The company provides
innovative solutions for managing all aspects of volatile commodity
supply chains: trading, procurement, enterprise risk management,
logistics, scheduling, storage/inventory, processing, settlement, and
accounting. Over 400 customers
in 35+ countries across industries
including energy, metals, minerals, chemicals, agriculture, shipping,
consumer products, food and beverage, retail, and manufacturing
depend on Triple Point solutions. Triple Point was named a "Leader"
in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The
company employs over 850 staff in 15 offices and support centers
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