“We needed a fully functional and integrated trading and risk management solution to optimize and automate where possible our manual, spreadsheet-based business processes and to improve real-time controls and reporting. Our objective was to deliver a solution that would maximize operational efficiency across the Trading business, while at the same time provide an infrastructure that would minimize and control levels of operational risk. The flexibility and extensibility of the Allegro product allows Bord Gáis Éireann to effectively and efficiently manage our various cross commodity business processes, including those more unique aspects of our operations.”

Bord Gáis Éireann

Allegro Receives Top Rankings in 2010 Energy Risk Software Survey

Recognition in Key Categories Supports Allegro’s Market Leadership Position

Dallas, Texas, March 8, 2010 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that it has received top rankings in a number of key categories in the annual Energy Risk Magazine Software Survey.  Allegro took first place in Market Risk for Gas and in Physical and Financial Integration, and second for Best Overall ETRM Platform and Market Leader of ETRM Systems.

Allegro, among 34 vendors named in the survey, also garnered top rankings in Trade Capture, Straight Through Processing, Preferred System, Integration of Different Data Sets, and Best Knowledge of the Market.  The results are based on a survey of ETRM end users from energy trading companies, oil/gas houses, hedge funds, utilities and energy producers.  The poll assesses vendor solutions based on functionality, usability, performance and reliability.

“As evidenced by the survey results, Allegro is trusted by the market to understand the importance of delivering a fully integrated physical and financial platform to meet the needs of energy companies,” said Stella Farrington, Editor of Energy Risk Magazine. “Their focus on providing robust risk management tools for today’s gas markets has also paid off, with customers voting them as the top vendor for risk solutions in the gas markets.”

“For 25 years, Allegro has been committed to bringing value to our customers through innovative solutions that enable more effective participation in commodity markets, help mitigate risk exposure and provide transparency into operations across the enterprise,” states Eldon Klaassen, CEO of Allegro Development. “This recognition among end users is a testament to our offering and our ongoing ability to meet the unique and ever-changing needs of the energy industry.”

Complete results will be published in the March issue of Energy Risk Magazine.

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.

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