SOURCE: Global Energy Decisions

July 06, 2005 07:00 ET

Global Energy Decisions Acquires KWI

Combination Creates Platform That Can Deliver Full Range of Operational and Financial Solutions to Energy Companies Worldwide

BOULDER, CO and LONDON -- (MARKET WIRE) -- July 6, 2005 -- Global Energy Decisions, LLC (Global Energy), a leading provider of integrated software, data, and consulting solutions to the energy industry, announced today that it has acquired KW International, Ltd. (KWI), a leading energy trading and risk management (ETRM) software firm. Financial terms of the transaction were not disclosed.

"Our acquisition of KWI advances our ongoing effort to offer a full range of operational and financial solutions to companies active in the highly competitive and dynamic global energy marketplace," said Ron McMahan, Chairman and Chief Executive Officer of Global Energy. "KWI provides us with a proven, multi-commodity ETRM product that rounds out our product suite, an expanded international customer base, and a team of highly experienced trading experts."

As part of the transaction, KWI and Global Energy will consolidate London offices, creating a single European headquarters for Global Energy. KWI's management team, including Chief Executive Officer David Bucknall, will remain with the newly combined company, which retains the Global Energy brand name. Quadrangle Group LLC remains a shareholder in Global Energy and Insight Venture Partners, a previous backer of KWI, will take an equity stake in Global Energy.

"KWI's combination with Global Energy is a great fit for KWI and our customers," said Mr. Bucknall, Global Energy's new Chief Technology Officer and a member of the combined company's executive management team. "We and our new colleagues at Global Energy share a similar vision for the global energy industry. Our highly complementary pairing provides us with the resources and expertise we need to grow and enhance the value we deliver to our clients worldwide."

The combination of Global Energy and KWI represents an important step in Global Energy's commitment to deliver an integrated product line to meet the needs of the modern energy industry. An increasing number of companies want physical and financial analytics integrated with ETRM, particularly those with physical assets.

"Utilities and energy companies attempting to cover their enterprise risk profile and to enable revenue enhancement are looking for comprehensive solutions," explained Terry Ray, Vice President-Energy and Utilities Strategies at Gartner Group. "The ability to deploy pre-wired applications that link supply, demand, and markets can provide significant advantages."

While KWI's flagship ETRM product K2 will be available on a standalone basis, Global Energy is working to integrate K2 into its EnerPrise EPM platform. With K2, Global Energy now offers a comprehensive and integrated suite of software and services on a single platform, including forecasting, generation modelling, simulation, financial planning, market data/analytics, and ETRM solutions.

"Integrating the sophisticated trading and risk management capabilities of K2 with Global Energy's EnerPrise platform enables us to greatly enhance our clients' risk management, asset optimization, price forecasting, planning, and trading capabilities," said Vikram Janardhan, President of Global Energy's software division.

About Global Energy: Global Energy provides energy organizations with solutions based on a common framework of software applications, energy markets data, and advisory services to enable energy professionals to forecast electricity pricing and demand, conduct resource planning, perform strategic studies and competitor analysis, manage risk, trade energy and schedule delivery, and optimize generation performance. Based in Boulder, Colo., Global Energy has over 400 customer relationships worldwide with the industry's leading market participants. More information about Global Energy is available at www.globalenergy.com.

About KWI: KWI, now part of Global Energy, is a leading provider of energy trading and risk management (ETRM) software solutions. Its K2 suite enables customers to integrate their physical assets and customer positions with their trading and risk positions across the full life cycle of the energy portfolio from deal capture to settlement. The integration across commodities and straight through processing capabilities meets energy industry participants' requirements for a single, consistent, and robust framework for ETRM. Based in London, KWI's customers include leading energy companies in Europe, North America and Japan.

Contact Information

  • For further information, contact:

    Andy Bane
    Global Energy Decisions, Inc.
    720 221 5708
    Email Contact

    Giles Peddy/Suzanne Hewitt
    Golin Harris
    +44 (0) 20 7067 0617/0612
    Email Contact