News Feed Item
Vector Capital and Cerium Technology Announce the Recapitalization of Allegro Development
|By Business Wire
|July 24, 2014 06:20 PM EDT
Vector Capital, a leading global private equity firm specializing in
transformational investments in established technology businesses and
Cerium Technology, an investment fund focused on energy, trading and
technology, today announced the recapitalization of Allegro Development
Allegro Development Corporation, founded in 1984, is a global, leading
software provider for power and gas utilities, refiners, producers,
traders and energy consumers. With more than 30 years of deep industry
expertise, Allegro provides real-time intelligence and decision-making
David Fishman, a Managing Director at Vector Capital who will join
Allegro’s Board of Directors, commented, "For 30 years, Allegro has been
a leader in the space, successfully providing solutions for the
industry’s largest and most complex customers. We are honored to partner
with Allegro and Cerium towards accelerating this growth going forward."
Allegro has shown substantial revenue growth. The industry has taken
notice of Allegro’s market leadership and recognized the company for its
success, including Energy Risk Magazine’s Software House of the Year and
one of CIO Review’s 20 Most Promising Risk Management Solution Providers
for Capital Markets.
As part of the transaction, Jason Liu is joining Allegro’s team as
interim CEO. Jason has a strong track record of building high growth
companies in the software space.
Eldon Klaassen, Managing Director at Cerium Technology and Allegro’s
founder, said, "Cerium is extremely excited about partnering with Vector
in the next stage of Allegro’s growth. I founded Allegro with the vision
of becoming the undisputed leader in the space. This partnership will
allow Allegro to accelerate its investment into its products, people,
customers, and partners.”
Andy Fishman, a Principal at Vector who will also join the Board of
Directors commented, "We are thrilled about Allegro becoming part of the
Vector family. Through our partnership with Cerium, we are committed to
strengthening and expanding Allegro’s market leading product and service
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.
About Vector Capital
Vector Capital is a leading global private equity firm specializing in
transformational investments in established technology businesses.
Vector identifies and pursues these investments in both the private and
public markets. Vector actively partners with management teams to devise
and execute new financial and business strategies that materially
improve the competitive standing of these businesses and enhance their
value for employees, customers, and shareholders. Among Vector's notable
investments are Aladdin Knowledge Systems, Cambium Networks, Certara,
CollabNet, Corel, IPVALUE Management, LANDesk Software, Niku, Gerber
Scientific, RAE Systems, Register.com, SafeNet, Technicolor, Teletrac,
Tidel, WatchGuard Technologies, and WinZip.
About Cerium Technology
Cerium Technology is an investment firm focused on energy, trading and
technology. Cerium is managed by energy industry veteran Eldon Klaassen,
and has current investments in oil and gas exploration and production,
mobile energy analytics, and advanced trading technology. Cerium invests
in companies with unique assets and ideas that can be enhanced by their
expertise and vision.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage.
Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 23, 2016 09:15 PM EDT Reads: 1,623
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Aug. 23, 2016 09:00 PM EDT Reads: 2,933
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things.
And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 23, 2016 09:00 PM EDT Reads: 2,739
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Aug. 23, 2016 08:45 PM EDT Reads: 3,724
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Aug. 23, 2016 08:15 PM EDT Reads: 1,376
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 23, 2016 08:15 PM EDT Reads: 1,614
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved.
In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 23, 2016 07:45 PM EDT Reads: 1,223
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location.
With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 23, 2016 07:00 PM EDT Reads: 3,779
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 23, 2016 06:30 PM EDT Reads: 255
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 23, 2016 05:00 PM EDT Reads: 2,871
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Aug. 23, 2016 04:45 PM EDT Reads: 1,756
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet.
In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 23, 2016 04:15 PM EDT Reads: 338
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
All major researchers estimate there will be tens of billions devices - comp...
Aug. 23, 2016 04:00 PM EDT Reads: 3,474
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing.
In his session at 19th Cloud Expo, Raghav...
Aug. 23, 2016 03:30 PM EDT Reads: 342
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time.
In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 23, 2016 02:15 PM EDT Reads: 341