SOURCE: Triple Point Technology

Triple Point Technology

March 15, 2011 12:43 ET

World Fuel Services Selects Triple Point's Enterprise Platform to Manage Fuel Marketing Operations

WESTPORT, CT--(Marketwire - March 15, 2011) - Triple Point Technology, the global leader in commodity and enterprise risk management software, announced today that World Fuel Services Corporation (NYSE: INT) has selected Triple Point's flagship commodity management platform to support trading, scheduling, counterparty credit risk, and regulatory risk for its global fuel marketing operations.

Headquartered in Miami, Florida, World Fuel Services is a global fuel logistics company, principally engaged in the marketing, sale, and distribution of marine, aviation, and land fuel products and related services. World Fuel Services sells fuel and delivers services to its clients in 200 countries and at over 6,000 locations, including airports, seaports, tanker truck loading terminals, and other customer storage locations.

"Price volatility is driving the rapid adoption of sophisticated, enterprise risk platforms by energy and commodity companies," said Peter F. Armstrong, president and CEO, Triple Point. "Triple Point has become the solution of choice amongst fuel marketers, and we look forward to supporting World Fuel Services now and in the future."

World Fuel Services licensed Commodity XL™ for Oil, Gas, Emissions, Credit Risk, Hedge Accounting, and Fair Value Disclosure. The company also purchased Triple Point's interactive business intelligence module, Commodity XL Management Dashboard™ and Commodity XL PhysOps 'Visual Cockpit'™ to help schedulers plan, conduct, and optimize shipments in real time.

About Triple Point Technology
Triple Point Technology® is the leading provider of software for end-to-end Commodity Management. The global 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. Triple Point was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009 and 2010. 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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