SOURCE: ROME Corporation

May 12, 2008 14:00 ET

NYISO Selects ROME as Credit Risk Management System

Market Participants Will Benefit From Increased Data Visibility and Efficiency

HOUSTON, TX--(Marketwire - May 12, 2008) - ROME Corporation, the leading provider of credit risk management solutions for the energy markets, today announced that The NYISO, New York's Independent System Operator, has selected ROME CreditRisk as their new enterprise credit risk management system. With ROME, NYISO will automate and streamline their credit management processes across all markets. NYISO market participants will benefit from increased data visibility and improved efficiency.

NYISO operates New York State's bulk electricity grid and administers their wholesale electricity markets. Recent growth in the wholesale electricity market and evolving market design requirements resulted in increasingly complex credit data and processes as well as integration issues. After internal evaluation and feedback from market participants, they determined a critical need to create an automated credit management system with near real-time credit risk assessment and a web interface for market participants to manage their credit position as a portfolio.

NYISO selected ROME as their preferred vendor after conducting an extensive RFP process and build vs. buy evaluation. NYISO will utilize ROME CreditRisk, a powerful web-based enterprise software solution offering advanced customization, integration, workflow, and reporting capabilities. "All companies involved in the volatile energy markets, regardless of size, need deeper insight and better control around their credit exposure," explains David Achim, CEO and President at ROME Corporation. "We are excited to work with NYISO as they set the benchmark for credit management best practices by introducing credit portfolio management and increased data visibility for all market participants while at the same time limiting credit exposure to the market as a whole."

About ROME Corporation

ROME Corporation is the leading provider of enterprise credit risk management solutions for the energy marketplace. ROME's suite of products includes ROME CreditRisk, ROME CreditAnalytics, ROME CreditScoring, ROME ContractManagement, and ROME DealValuation Engine. These products work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure. Additionally, ROME now offers ROME CreditRisk OnDemand, a web-based credit risk subscription service for small to medium-sized business that comes pre-configured with industry best practices. ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency.

ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with sales and services office in Houston and London. You can contact ROME Corporation at 512-347-3200 or

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