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
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developer...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, ...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...