SOURCE: Triple Point Technology

Triple Point Technology

April 29, 2010 09:23 ET

Louis Dreyfus Highbridge Energy Selects Triple Point to Manage Energy Commodities Trading, Logistics, and Risk

Only Platform With Breadth, Depth, and Flexibility to Manage Complex Commodities Business

WESTPORT, CT--(Marketwire - April 29, 2010) -  Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Louis Dreyfus Highbridge Energy LLC (LDH Energy) has licensed Commodity XL™ to manage energy commodity trading and risk management for a wide range of energy and energy-related products.

LDH Energy is a leading energy merchant whose activities include the storage, merchandising, marketing, and transportation of a wide range of energy and energy-related products in domestic and international markets. The company's energy products include natural gas, power, natural gas liquids, crude oil and refined products, coal, and emission credits.

Commodity XL provides LDH Energy with a comprehensive solution suite to streamline trading practices and portfolio management across multiple organizations and regions; tightly control counterparty risk and credit reporting; proactively participate in market opportunities; schedule power and bulk/liquid commodities; and manage inventories, freight, and storage across the enterprise.

"We reviewed several competing platforms and Triple Point's Commodity XL was the solution that provides LDH Energy with the broad functionality and flexibility we require to manage our business," said Jim Wrigley, chief operating officer, LDH Energy. "We value Triple Point's proven track record and look forward to a successful partnership for years to come."

"Triple Point continues to invest heavily in product innovation, customer programs, and global talent to ensure we provide the most comprehensive solution set to our customers," said Peter F. Armstrong, president and CEO, Triple Point. "LDH Energy's selection of Triple Point is a strong endorsement of Commodity XL's unique value proposition and deep functional footprint. We're proud to add LDH Energy to our established portfolio of leading energy companies."

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.

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