SOURCE: Triple Point Technology

Triple Point Technology

January 04, 2011 12:17 ET

Triple Point Technology Places First in Commodity Management Awards

Noted for Product Innovation and Leadership

WESTPORT, CT--(Marketwire - January 4, 2011) - Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that it won top honors in two categories in the 2010 Commodity Business Awards (CBAs); Excellence in Commodity Logistics and Commodity Trading and Risk Management (CTRM). The awards illustrate the depth and breadth of Triple Point's multi-commodity software platform.

The CBAs recognize talent and excellence throughout the commodity complex and address 20 key business disciplines under three award categories: Trading, Risk, and Portfolio Management; Commodity Market Development; and Commodity Transactions Management. Triple Point scooped two awards in Commodity Market Development which reward firms that have excelled overall and in specific sectors of the commodity complex -- trading, risk management, client advisory, and portfolio management.

"Awards are another point of affirmation that Triple Point provides the most advanced commodity management software," said Michael Schwartz, chief marketing officer, Triple Point. "It's gratifying to be consistently recognized by industry leaders including Gartner Inc., Deloitte, SAP, and Inc. Magazine to name just a few."

Triple Point was recently bestowed the following industry recognition: Gartner Inc., the world's leading information technology research and advisory firm, named Triple Point a 'leader' in the ETRM Magic Quadrant in 2009 and 2010. Triple Point earned its top position by leading the field in ability to execute and ranking second in completeness of vision. In 2010 Triple Point was recognized as the 51st fastest growing technology company by Deloitte for its 220% revenue growth over a five-year period. Triple Point was also named an SAP Pinnacle Award Winner and one of Inc. Magazine's fastest growing private companies for four consecutive years.

"Over the last decade, commodities have moved from a niche to a mainstream investment opportunity," said Guy Isherwood, awards patron and publisher/editor of Commodities Now magazine. "These Awards recognize and reward those companies making a significant impact on the way commodity business is conducted, as well as those institutions making a positive contribution to the development of markets, client responsibility, and investor satisfaction."

Adjudicated by Commodities Now magazine and numerous market specialists, CBA winners were announced at the inaugural ceremony held at Glaziers Hall in London, UK. The Awards were presented to Roger Walton, Triple Point's Vice President of Field Operations, EMEA.

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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