DALLAS--(BUSINESS WIRE)--Allegro Development Corporation, a leading provider of commodity supply chain and risk management (CTRM) software, announced today that ACES is live with 50 unique customers on the Allegro 8 platform.
ACES is a nationwide energy management company headquartered in Carmel, Indiana and a longtime customer of Allegro. ACES utilizes Allegro to manage trading and support functions for its network of members and customers who participate in a variety of energy and commodity markets including: power, natural gas, fuel oil, coal, crude oil, limestone, ammonia and more.
ACES’ history with Allegro began in 2005 with the implementation of a power trading solution. Since then, ACES has implemented Allegro across its business for end-to-end portfolio management, from trade capture to invoice preparation.
ACES made the decision to upgrade and implement Allegro 8 after evaluating several top-tier third party solutions. Allegro offers ACES the stability of a company with 29 years of experience, a fully integrated solution and a seasoned development and product management team dedicated to creating leading technology for commodity supply chain optimization. In addition, Allegro’s award-winning support team and User Group were significant in ACES’ decision making process. Allegro offers ACES the ability to manage multiple physical commodities and grow their business accordingly, including entry into new markets because of its flexible architecture.
“ACES cannot allow software to drive our business processes; rather our business processes must drive our software,” said Annette Stamatkin, Chief Information Officer, ACES. “With Allegro we have the ability to influence new development and product innovation, and this is known throughout their extremely interactive user group. We are happy to be live on Allegro 8 and have already experienced significant improvements in performance.”
About Allegro
Allegro is a global leader in commodity supply chain & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro offers customers real-time intelligence and decision making capability to manage physical and financial positions, optimize assets and portfolios and mitigate risk from the source of the commodity to the commodity consumer. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners. www.allegrodev.com.
For further information please contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.
About ACES
ACES is owned by twenty generation and transmission cooperatives and one independent distribution cooperative. The company assists its Members and Customers in the management of their energy risk. The Members and Customers served by ACES operate in all of the major electricity markets in the United States and have a collective portfolio of over 50,000 MW of both load and resources. Because ACES does not buy or sell energy on its own behalf, it avoids conflicts of interest and ensures alignment with the best interests of the organizations it serves.
Questions can be directed to Drew Dunagin, Vice President of Finance and Accounting, at (317) 344-7056 or drewd@acespower.com.
