SOURCE: Triple Point Technology

Triple Point Technology

November 24, 2009 09:00 ET

Triple Point Wins Gold Award for Excellence in Energy Technology

Business Intelligence Dashboard Provides C-Suite With 360 View of Risk

WESTPORT, CT--(Marketwire - November 24, 2009) - Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Commodity XL™ was named the Gold Award winner for 'Excellence in Energy Technology' in the 2009 Energy Business Awards.

Triple Point out-scored four short-listed ETRM vendors for top honors in Excellence in Energy Technology. Other companies to take home Gold awards include Morgan Stanley in 'Energy Trading,' Energias de Portugal, S.A. in 'Energy Risk Management,' BNP Paribas in 'Renewable Energy' and GDF Suez for 'Energy Company of the Year.'

Market conditions including energy and commodity price volatility, tightening credit and increased regulatory oversight make it imperative that executives have reliable information at their fingertips to optimize decision-making. Management Dashboard enables executives to quickly read the health of their portfolio across customizable, key performance indicators (KPIs). In addition to supplying real-time information on portfolio values, cash flow trends and trading positions and performance, Triple Point's innovative business intelligence system helps companies manage all areas of financial exposure: market risk, counterparty credit risk, operational risk and regulatory risk. Even complex areas, including exposure by credit rating and regulatory requirements for hedge accounting and fair value disclosure, are easily managed with an elegant presentation of KPIs.

"Triple Point's Management Dashboard is the first product developed by a C/ETRM software vendor that meets the 4 criteria of a comprehensive business intelligence system," said Dr. Gary M. Vasey, general manager, UtiliPoint Europe. "The system is visually intuitive, provides up-to-the-minute data and drill-down capabilities and integrates all key areas of trading and risk."

"In a survey by analyst firm, CommodityPoint, participants ranked 'Reporting' and 'Data Management' as critical business issues," stated Michael Schwartz, chief marketing officer, Triple Point. "Management Dashboard enables companies to quickly extract actionable information from exponential amounts of data. Executives are better prepared to make proactive decisions and protect the bottom line."

Triple Point accepted its Gold award at the 25th Asia-Pacific Petroleum Conference (APPEC) in Singapore and is a 5-time Energy Business Award winner. Celebrating its 8th anniversary, the Energy Business Awards 2009 were adjudicated by Commodities Now magazine and The Energy Partnership.

The Energy Business Awards reward companies that are making a significant impact on the way energy business is conducted, trading risks mitigated, precious energy resources utilized, energy systems developed, environmental degradation curtailed, energy technology advanced and energy production and consumption distributed more efficiently and ethically.

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, 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. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at

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