SOURCE: Triple Point Technology

Triple Point Technology

November 30, 2010 13:53 ET

Triple Point Ranked 51st Fastest Growing Technology Company

220% Revenue Growth Over Five Years Attributed to Innovation, Breadth and Depth of Solution Suite, and Rapid Global Expansion

WESTPORT, CT--(Marketwire - November 30, 2010) - Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that it ranked number 51 within the Tri-State area in the Technology Fast 500™ -- Deloitte's ranking of the 500 fastest growing technology, telecommunications, media, life sciences, and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009.

Triple Point showed a significant growth rate of 220% in the five-year period.

"Commodity management has always been a critical business process for energy, metals, and agriculture companies. Increasingly, it's 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 -- we are honored to be recognized by Deloitte in the Technology Fast 500™."

"Triple Point and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, Vice Chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends Triple Point for this impressive accomplishment."

For additional detail on the Technology Fast 500™, including selection and qualifying criteria, visit www.fast500.com

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. www.tpt.com.

"Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact Information

  • Contact:
    Jennifer Jones
    Tel: +1.203.291.7979
    Email: Email Contact