SOURCE: Triple Point Technology

Triple Point Technology

September 17, 2012 03:00 ET

Top Analyst Firm Positions Triple Point as Leading ETRM Solutions Vendor

WESTPORT, CT--(Marketwire - Sep 17, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Chartis Research has identified Triple Point as Category Leader in its 2012 RiskTech Quadrant™ for energy trading and risk management (ETRM).

Chartis is the leading research and advisory services firm focused exclusively on the risk management technology market. The RiskTech Quadrant ranks risk management technology vendors with a significant market presence. Chartis evaluated ten ETRM platform providers using a proprietary methodology encompassing risk management technology user surveys, comprehensive analyst evaluations, interviews with subject matter experts, and customer reference checks.

Triple Point is identified as Category Leader based on factors such as market penetration, innovation, customer satisfaction, thought leadership, financial strength, and the depth and breadth of its solution. This recognition follows on the heels of analyst firm Gartner, Inc. naming Triple Point a Leader in its Magic Quadrant for ETRM Platforms for the fourth consecutive year. In addition, Triple Point was ranked the #1 Credit Risk Software Vendor in Energy Risk's 2012 annual software survey, which is the largest industry survey to poll users of energy risk management and trading software.

"It's rewarding when the top analyst firms continually recognize Triple Point as the leading Commodity Management software solution provider," said Michael Schwartz, senior vice president, chief marketing officer, Triple Point. "Receiving this prestigious ranking demonstrates that Triple Point is delivering on its commitment to energy and commodity customers to provide the most innovative and comprehensive risk management solutions."

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.

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