SOURCE: Triple Point Technology

Triple Point Technology

January 14, 2011 04:00 ET

SABMiller Selects Triple Point for Commodity Management

Leading Brewer Joins Other Premier Food and Beverage Companies to Choose Triple Point Platform

CAPE TOWN, SOUTH AFRICA--(Marketwire - January 14, 2011) -  Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software, announced today that SABMiller plc has licensed Triple Point's flagship commodity logistics software. SABMiller will use Triple Point systems to optimize transportation costs and ensure the timely supply of raw materials, including barley and hops.

SABMiller is one of the world's leading brewers with operations and distribution agreements across six continents. The company's wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch. It is also one of the world's largest bottlers of Coca-Cola products. SABMiller is listed on the London and Johannesburg stock exchanges and reported group revenue of US$26.4 billion for the year ended 31 March 2010.

"Commodity management has always been a critical business process for energy, metals, and agriculture companies. Increasingly, it has become just as important for other industries with exposure to raw materials and energy, such as food and beverage, automotive, and high-tech," said Peter F. Armstrong, president and CEO, Triple Point. "For 17 years Triple Point has developed the leading software for customers to successfully manage the volatility, risk, and complexity of procuring, processing, moving, and marketing commodities. Triple Point's commodity management software enables food and beverage companies to make more informed and proactive decisions, streamline day-to-day operations, and protect profits."

SABMiller joins a notable list of food and beverage customers that have selected Triple Point commodity management software, including: The Campbell Soup Company, Chiquita, General Mills, Grupo Bimbo, and IFFCO.

About Triple Point Technology
Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk. Triple Point's growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers. The company was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute. Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform. Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe.

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