SOURCE: Triple Point Technology

Triple Point Technology

April 13, 2010 09:00 ET

Gartner Names Triple Point as Leader in Energy Trading and Risk Management Magic Quadrant

Ranked First for Ability to Execute and Second for Completeness of Vision

WESTPORT, CT and LONDON--(Marketwire - April 13, 2010) -  Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today it was positioned as Leader in Gartner Inc.'s 2010 Magic Quadrant for 'Energy Trading and Risk Management' (ETRM). To derive the Magic Quadrant, Gartner evaluated 13 of the world's leading ETRM platform providers on two axes: "Ability to Execute" and "Completeness of Vision." Triple Point led the field in its ability to execute and ranked second in completeness of vision.

It's the second year running that Gartner -- the world's leading information technology research and advisory company -- has named Triple Point to the Leaders Quadrant.

"Triple Point is growing at three times the rate of our nearest competitors," said Peter F. Armstrong, president and CEO, Triple Point. "Our sustained growth is directly attributed to providing our customers with the leading software solutions for energy and commodity trading and risk management. It is wonderful affirmation that Gartner, respected around the world for its information technology research and consulting, consistently recognizes the value Triple Point provides through product innovation, talent, and commitment."

Triple Point was noted for several strengths including extensive functionality for energy and commodity trading and risk management; the most comprehensive solutions for credit and regulatory risk management; strong growth in the energy markets in the past 12 months; and its unique endorsed-business solution for commodity management with SAP.

About the Magic Quadrant
The Magic Quadrant is copyrighted March 24, 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Triple Point Technology
Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, chemicals, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from eleven development and support centers located around the globe. www.tpt.com.

Contact Information

  • Contact: Jennifer Jones
    Tel: +1.203.291.7979
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