London, United Kingdom, August 13, 2008 --(PR.com
)-- Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Klesch & Company Limited, a London-based investment firm focusing on control equity investments across a broad spectrum of industries, has selected Commodity XL™ to manage its commodity and risk operations across natural gas, oil and metals.
Founded in 1990, Klesch & Company has made investments valued in excess of $14 billion across Europe, the United States and Asia, with acquisitions including businesses from established public companies such as Alcan, AEGON, Deutsche Telekom and Dynegy. Klesch’s recent focus is on buying businesses that are largely exposed to the volatility of the commodity markets, in particular, oil, gas, coal, electricity, aluminium and other base metals or alternatively making greenfield investments in commodity projects.
Klesch & Company required better visibility into commodity operations and a real-time view of position and risk, coupled with improved business intelligence and reporting for enhanced decision making across the enterprise.
“In addition to Commodity XL having the product functionality that could run our business, we wanted a supplier that we could trust and depend on for a successful long term relationship,” said Thomas Wilson, head of all metals trading at Klesch & Company. “In short order, Triple Point became the clear choice from both a technology and team standpoint. Commodity XL has the functionality to manage our trading, risk and physical operations, and the Triple Point team possesses the knowledge and dedication we require to build a relationship and grow our business for years to come.”
"Companies who want to succeed in the volatile global commodities market must have enterprise systems in place that efficiently and effectively manage information and risk,” said Michael Schwartz, chief marketing officer, Triple Point Technology. “Commodity XL is unique because it covers all the key elements of commodity management: trading, physical operations and risk including governance and compliance, market, operational and credit. Traders, marketers, risk managers, credit analysts, compliance officers, schedulers and accountants all have the real-time information needed to make informed decisions and improve bottom-line results.”
Commodity XL is the leading multi-market commodity and enterprise risk management solution that meets all of the requirements for supply, trading, marketing, logistics, scheduling, risk management and accounting in today's volatile and complex environment: multi-commodity management, business intelligence and analysis tools for proactive decision-making, real-time integration of physical and financial positions, advanced service-oriented architecture (SOA) and comprehensive enterprise risk management covering the four key areas of corporate financial exposure: operational risk, market/price risk, counterparty credit risk and corporate governance and regulatory compliance risk.
Klesch & Company has also selected Commodity XL PhysOps ‘Visual Cockpit’™ to manage its logistical operations. It is a next-generation software solution for managing the logistical and financial complexities of waterborne and overland commodity shipments of bulk and packaged commodities. PhysOps ‘Visual Cockpit’ enables commodity importers, exporters, producers, refiners, manufacturers, distributors and global traders to move bulk and packaged commodities by sea-going vessel, barge, truck, railcar and pipeline. With PhysOps ‘Visual Cockpit’ global commodity traders can plan, conduct and optimize complex shipments including those involving multiple cargos, suppliers and receivers, delivery points and border crossings.
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, 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 package goods (CPG), 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.