Welcome!

News Feed Item

Allegro and Adapt2 Solutions Enable Insight for Greater Profitability in Deregulated Power Markets

Allegro Development Corporation, a leading provider of commodity value chain and risk management (CVCRM) software, and Adapt2 Solutions, the leading provider of ISO interaction management solutions, announced today a joint sales, marketing and product alliance.

Merchant power generators, utilities, cooperatives, and retailers doing business in deregulated North American electricity markets are required to interact with Independent System Operators (“ISOs”). “Interactions with ISOs are complex,” said Mark Hill, Vice President of Sales, Allegro. “There are bids and offers to be submitted for each successive business day for the day ahead market, real time trading for the day at hand, and settlement which ultimately determines whether the participant reports a profit or loss.

“Allegro has long considered the addition of ISO interaction management capabilities to its suite of energy trading and risk management (ETRM) applications. The added insights into cost of goods sold, market positions and risks are a strong compliment to Allegro’s core value proposition to our customers,” said Hill.

Allegro evaluated a range of ISO interaction management offerings in the marketplace. “Our longevity in the business has afforded us the opportunity to assess the capabilities of every ISO bid/offer and settlement product in the space, as well as the required implementation and support effort, and total costs. Most importantly, we’ve assessed the strategies and trajectory of each of the respective companies behind the products. It’s not only about where these products and companies are today but also where they are going,” Hill said. Based on a careful assessment spanning multiple years, Allegro made the decision to partner strategically with Adapt2 Solutions and effective immediately, will serve as an extension of the Adapt2 sales and marketing channel. The two companies are also jointly designing and developing a new product called ISO Connect that will integrate Allegro’s core system and Adapt2’s ISO interaction management system.

Prior to the formation of the partnership, the companies already shared a substantial number of customers and hope to soon welcome two new logos to their growing customer base. “What we’re seeing from the major wholesale players is a weariness with the cumbersome complexity and high cost of first generation ISO systems. And we’re hearing continuously from utilities and retailers about compressing margins. This combined offering perfectly addresses the needs of both – providing a sophisticated, elegant next generation design, dramatically lower cost and better performance; most importantly the daily insight into gross margin that equips participants to not only survive but thrive,” said Hill. “We have been pleased at the traction the combined offering has gotten in the marketplace.” Hill continued, “We consider the robust pipeline a resounding endorsement of the joint offering.”

“Integrating with our customers’ existing systems is required in every deployment,” explained Adapt2 Solutions Founder and CEO, Francisco Diaz. “Typically this means a trading and risk system. At this point, we’ve had the chance to collaborate with multiple vendors in the space. We experienced the perfect marriage with Allegro, we’re both built on a .Net frameworks, our software is intuitive, and most importantly we share a passionate commitment to the success of our customers.”

About Adapt2 Solutions Inc.

Founded in 2008, Adapt2’s goal is to help clients achieve results by providing quality enterprise level software solutions. Adapt2 is the developer of Adapt2 ISO, the best in class ISO/RTO software solution serving all major North American markets in a single application. Adapt2 ISO employs the latest available technology for the betterment of its current user community. The solution is implemented at Power Marketers, Generators, Industrials, and Load Serving Entities across North America. Adapt2 ISO provides a feature rich and clean solution for clients to manage complete front to back ISO/RTO operations. Adapt2 is headquartered in Houston, Texas, with a service office in Chicago, Illinois.

About Allegro Development

Allegro is a leading provider of commodity value chain and risk management (CVCRM) software for power and gas utilities, refiners, producers, traders and commodity consumers. With more than 30 years of deep industry expertise, Allegro provides real-time intelligence and decision-making capabilities, from the source of the commodity (ground), through transportation, to the commodity consumer. Allegro’s software provides the global intelligence companies need to manage physical and financial positions, and to optimize their assets and portfolios using tools that quantify and mitigate risks. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often un...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...