SOURCE: Triple Point Technology
WESTPORT, CT--(Marketwire - Sep 10, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Mercon Coffee Corporation has licensed its software for coffee trading, marketing, logistics, and risk management.
Mercon Coffee Corporation is a leading supplier of green coffee to roasting companies throughout North America, Europe, Asia, and Latin America. Mercon markets, transports, finances, and stores green coffee for customers and suppliers across the globe. In addition, Mercon is active on the New York and London coffee futures exchanges, and serves as the major source of information about the international coffee market for its customers.
Mercon selected Commodity XL™, Triple Point's next-generation Commodity Management solution, because it is the most sophisticated and comprehensive platform for supporting Mercon's rapid growth and future plans. Mercon will utilize Commodity XL's advanced position reporting, profitability analysis tools, and logistics management functionality to optimize its supply chain, drive maximum profit, and mitigate risk.
Commodity XL™ is the only software solution for commodity and risk management that works across multiple commodities in real-time from the front- through the back-office. Commodity XL manages the complete agriculture supply chain including farm procurement, origination, aggregation, storage, processing, trading, import/export, and local distribution on a single platform.
About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting.
Triple Point's Commodity Management platform enables over 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial manufacturers, and big box retailers. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe. www.tpt.com.