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August 30, 2015 6:40 PM ET


Company Overview of Allegro Development Corporation

Company Overview

Allegro Development Corporation develops and distributes commodity risk management software. The company offers credit and hedging risk, currency, price management, and simulation solutions. Additionally, it provides commodity trading and operations and logistics solutions. The company also offers consulting, training, and support services. It caters to petroleum, natural, power and utilities, and coal sectors. The company's partners include Accenture, Atom Solutions, Adapt2 Solutions, Microsoft, Bentek Energy, LLC, Bloomberg, and CME Group. Allegro Development Corporation was founded in 1984 and is based in Dallas, Texas with an additional office in Dubai, United Arab Emirates.

1445 Ross Avenue

Suite 2200

Dallas, TX 75202

United States

Founded in 1984





Key Executives for Allegro Development Corporation

Chief Executive Officer and Director
Age: 53
Chief Customer Officer and Senior Vice President of Products and Solutions
Senior Vice President of Global Services
Vice President of Administration and General Counsel
Vice President of Systems and Support
Compensation as of Fiscal Year 2015.

Allegro Development Corporation Key Developments

Allegro Development Corporation Announces Opening of its Middle East Office in Dubai; Appoints Ian Evans to Head its Middle East Office

Allegro Development Corporation has announced the opening of its Middle East office in Dubai at Emirates Financial Towers, within the heart of the Dubai International Financial Centre (DIFC). The Dubai office will be headed by Ian Evans, Regional Sales Manager, who will report directly to Jonathan English, Managing Director, EMEA, Allegro. As Regional Sales Manager, Evans will be responsible for providing continued support for Allegro customers and partners, as well as developing new relationships as the company continues its expansion throughout the Middle East and Africa. He previously worked for a number of global international software houses and information vendors to the financial services and commodities industry in Asia, Europe and North America.

Allegro Development Corporation Appoints Frank Brienzi as Chief Executive Officer and Board of Director

Allegro Development Corporation has appointed Frank Brienzi as Chief Executive Officer. He will also join the Allegro Board of Directors. Brienzi joins Allegro from Misys. As President and Chief Sales Officer, he led a two year global transformation of sales, marketing, alliance and channels and several other client facing functions delivering significant double digit growth. Prior to Misys, Brienzi served as Senior Vice President and General Manager of Oracle's Financial Services Global Business Unit (FSGBU), and as a member of the Board of Directors for Oracle Financial Services Software Ltd. Brienzi began his career with EDS in 1984, as part of the Financial Services Strategic business unit, responsible for large-scale banking and insurance development, sales and account management. Brienzi was also a Managing Partner at Accenture and a member of Accenture’s offshore expansion board, leading Accenture’s growth in India, China and the Philippines.

E.ON España Selects Allegro Development Corporation's Allegro 8 Platform for Power and Natural Gas Position Control Management

Allegro Development Corporation has announced that E.ON has chosen the Allegro 8 platform to support its retail business in Spain. E.ON España will use Allegro’s enterprise class software to manage its power and natural gas positions, the complexities of the Spanish power market, the impending regulatory changes and the volatility of the energy trading market. E.ON España, which distributes around 6.8 TWh to more than 650,000 customers, is looking for significant improvements in their portfolio visibility, which will lead to more effective decisions regarding price, counterparty and liquidity exposure management and hedging strategies. The Allegro implementation will be led by Indra, chosen by E.ON España for their expertise and knowledge of the Spanish power and gas markets, as well as their knowledge of Allegro. Allegro will support E.ON España with the following benefits: The ability to manage its power and natural gas portfolios and respective changes in demand; A fully integrated solution with E.ON’s demand forecasting and pricing tools, enabling a real-time view of the portfolio exposure for hedging purposes and compliance; A scalable solution that captures supply and demand forecasts, hedges and price curves and provides settlement and risk management functionality with KPI reporting tools that can be accessed remotely via a web browser.

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