Recognized for Meeting Market Needs and Providing Customer Confidence

DALLAS, TX, June 8, 2009 – Allegro, the leading provider of energy trading risk management (ETRM) solutions, announced today that it has been rated among the top ETRM solutions in Energy Insight’s Industry Short List in the areas of scheduling, nomination and settlement. This annual list is intended to help executives identify ETRM vendors who best address the needs of the business. Allegro's strongest performance was in the categories of fit to market and ownership confidence.

Energy Insights assessed eight vendors offering scheduling, nominations and settlement applications and evaluated how well each product fits market needs and the confidence a customer will experience with satisfactory ownership.   The market fit assessment is based upon the strength of a product in terms of feature/functionality, interoperability, architecture, quality of service and support, and cost. The “ownership confidence” assessment reflects the soundness of a technology supplier’s strategy, financials, commitment to an industry, and customer satisfaction.

“Today, companies trading energy are emphasizing physical delivery of energy as they seek to reduce costs and mitigate risk,” according to Energy Insights analyst Jill Feblowitz.  “Vendors who can provide easy integration and in-depth logistics functionality that will help track and optimize delivery of physical energy from source (oil or gas well, power generation plant) to market (refinery, wholesale power  or gas market, retail supplier, etc) will serve the market well.”

“Although our customers tell us that our technology is market leading and provides a superior user experience, it is quite a different honor to have an unbiased endorsement from Energy Insights, a leader in the industry analyst community,” said Eldon Klaassen, Allegro CEO.  “It shows that over the years we have made the right decisions strategically and that these decisions are supported by the needs of our customers.”

For a copy of the report, please contact Christie Lindstrom at media@allegrodev.com.

About the Allegro 8 Platform

The stability of the Allegro 8 platform enables customers to seamlessly integrate any of Allegro’s distinct components to achieve the trading and risk management capabilities their business requires. Allegro 8 is built on a Service-Oriented Architecture (SOA), allowing customers to select only the functionality they need, simplifying deployment and providing the scalability to adapt and expand into new markets as a company’s needs change.   Allegro’s unique development process anticipates and responds to market needs to give leading energy companies visibility into every step of the energy lifecycle, from deal capture, scheduling, and inventory management, to settlement and automated invoicing.

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.