TMCnet News
Triple Point's European Success Story(Market Wire Via Acquire Media NewsEdge) WESTPORT, CT and LONDON -- (MARKET WIRE) -- 07/07/09 -- Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that a recent analyst note by CommodityPoint reports that Triple Point has significantly increased its European revenue, market share and staff. The analyst note titled 'Triple Point's European Success Story,' states that between 2007 and 2008, Triple Point increased its European revenues by 103% and has continued to sign new customers in Europe since January 2008 including Nidera, Evonik, Agroethanol, Electrabel, RWE, Klesch & Company, Vertical, SOCAR, Tullow and Hellenic Petroleum. Additionally, Triple Point has grown its European staff by 154% and doubled the size of its London office to accommodate expansion. "Triple Point has been remarkably successful at establishing itself as among the most widely recognized and successful commodity trading and risk management software vendors in Europe," remarked Dr. Gary M. Vasey, general manager, CommodityPoint. "The software company's success is largely attributed to key acquisitions that expanded its product suite across counterparty credit and regulatory risk management, a valuable alliance with SAP and the addition of key staff to support local clients and drive expansion." CommodityPoint based its analyst note on a '2009 TRM Vendor Perception' study that asked 62 qualifying respondents for perceptions of market leadership by functionality, commodity coverage and industry segment, as well as unprompted and prompted vendor brand recognition. "Triple Point is pleased to have affirmation of its European growth and success from a well-respected analyst firm," said Michael Schwartz, chief marketing officer, Triple Point. "The European market is a key segment for Triple Point, and we'll continue to invest in leading technology and talent to support our clients in the region." CommodityPoint is a division of leading energy and utilities analyst and consulting firm, UtiliPoint International, Inc., and provides Commodity Trading & Risk Management (CTRM) research, analysis and consulting services. About Triple Point Technology Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com. Contact: Jennifer Jones Tel: +1.203.291.7979 Email: Email Contact |