SOURCE: Triple Point Technology

Triple Point Technology

April 13, 2011 09:12 ET

Top Analyst Firm Recognizes Triple Point as a Leader

WESTPORT, CT and LONDON--(Marketwire - Apr 13, 2011) - Triple Point Technology, the leading global provider of software to manage commodities and enterprise risk, announced today its position as a Leader in Gartner Inc.'s 2011 Magic Quadrant for 'Energy Trading and Risk Management' (ETRM). To derive the Magic Quadrant, Gartner evaluated 15 global ETRM platform providers on two axes: "Ability to Execute" and "Completeness of Vision."

Visit http://gartner.com/technology/media-products/reprints/triplepoint/210892.html to read the full Magic Quadrant report for Energy Trading and Risk Management.

"Triple Point is honored to be recognized as a leader by Gartner, respected around the world for its information technology and supply chain research," said Michael Schwartz, chief marketing officer, Triple Point. "Triple Point is committed to satisfying our customers' current and future business requirements through innovative energy and commodity management solutions and outstanding customer service."

Triple Point's position as a leader within the Magic Quadrant was based on its Ability to Execute; "the quality and efficiency of the processes, systems, methods, or procedures that enable its performance to be competitive, efficient, and effective and to positively affect revenue, retention, and reputation;" and Completeness of Vision; "the ability to convincingly articulate logical statements about current and future market directions, innovations, customer needs, and competitive forces, and on how well they map to the Gartner position."

"In 2010 Triple Point continued to redefine the boundaries of a commodity management platform with key acquisitions for chartering and vessel operations and e-Back Office, as well as a groundbreaking product launch of Commodity XL Strategic Planning and Procurement," said Mike Ravo, VP, Industry Solutions, Triple Point. "Triple Point has built its reputation on providing the most sophisticated and robust commodity management solutions to the market and we are committed to delivering unmatched product leadership for years to come."

About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Triple Point Technology
Triple Point Technology® is the leading global provider of software to manage commodities and enterprise risk. The company provides innovative solutions to competitively address the complex commodities value 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 260 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries including energy; metals; agriculture; transportation; shipping; consumer products (CP); discrete manufacturers; and big box retailers. Founded in 1993, the company employs over 600 staff in 12 offices and support centers around the globe. www.tpt.com.

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