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Amphora Having Another Hot Year

Amphora has been getting quite a lot of traction in Dubai, David Glasspool told me last week. “We have signed three new clients there in recent months with more possibly forthcoming and we have an office there to support the ongoing implementations and provide customer support,” he told me. “We also just gained another customer in the UK in the jet fuels side of commodities.” Apparently, that makes five new customers to date this year and so Amphora is looking at another record setting year it seems.

The market is still pretty good,” he said. However, he did say that the US seemed a bit slower than other markets. He does see some uncertainty potentially creeping into the frame, however. The Russia-Ukraine war is driving some of that but now it seems that buyers are beginning to relax procurement and project constraints based on a degree of uncertainty due to the war, he told me.

Now, David is also busy building a whole series of training courses that carry with them credits as “CE” or “CPD”. The idea is to build a series of training courses at various levels of expertise and focus starting with the basic overview of the solution.  He is also trying to recruit senior Business Analysts and the like to support the growing customer base but that he told me was proving a bit more difficult than expected although progressing.

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Alchemy, the concentrates solution, is also progressing well he said. The first client should go live in the summer months and Amphora is already planning an extension of the software into base metals. It is also adding additional functionality around certain options including FX options. There has also been progress on Clarity, Amphora’s risk platform, which I am scheduled to get a demonstration on in the coming weeks.