Selected for Excellence in ETRM Solutions

DALLAS, TX, June 22, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, has been named “2009 Software House of the Year” by Energy Risk magazine, the energy industry’s leading publication covering financial, political and legal risk in the world’s oil, gas and electricity markets.  The 2009 award comes just nine months after the company received Energy Risk’s 2008 Software House of the Year-Asia on the heels of its introduction of the innovative Allegro 8 platform.

“We’re extremely pleased to be recognized again by Energy Risk for Allegro’s leadership in identifying solution needs in the energy marketplace and delivering functionality that provides a measurable return on investment,” said Eldon Klaassen, Allegro founder and CEO.  “As we celebrate our 25th anniversary in 2009, Allegro continues to provide products that enable our customers to manage their business at the highest level.”

Allegro introduced its Allegro 8 platform in March 2008.  Allegro 8 reaps the benefits of grid computing, which allows a network of distributed computers to work in unison, providing real-time valuation, scheduling, and settlement. Businesses can more easily scale processing capabilities to match growing portfolios. Valuations are performed continuously in real-time: profit and loss data, counterparty exposure, and market exposure enable complete transparency of every impact to a portfolio.

Allegro 8 delivers a platform for standardized connectivity components that allows seamless integration of components in any combination so that the scope of the solution matches the scope of business objectives. In order to meet customer’s unique needs, Allegro also delivers partner-developed integration components that provide direct connectivity to sources like Platts, Logical Information Machines (“LIM”), integration with SAP, and commodity exchanges.

Allegro 8 Interactive Trading Environment (“ITE”) enables traders and marketers to view existing positions and to dynamically optimize them based upon live markets. Profit & Loss, Value at Risk (VaR), Mark to Market (MtM), exposure and other metrics are continuously updated. Optimized scenarios are ranked and allow the user to quickly identify the most profitable outcomes.

“Allegro’s solutions are designed to meet the specialized demands of commodity markets and the unique needs of each customer,” Klaassen explained.  “We’re delighted to be recognized for our ability to meet those specialized demands, providing energy companies with the necessary flexibility to adapt to ever-changing markets and business processes.”

Information on Allegro’s 2009 Software House of the Year Award will be featured in the July 2009 issue of Energy Risk.

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.