Contigo, the UK based supplier of energy trading and risk management solutions for the European markets, is pleased to announce that it has been acquired by Energy One, the leading vendor of ETRM software in Australasia.
Energy One is an Australian stock-exchange listed company and its software is used to manage nearly 50% of the wholesale energy trading in that market. Established for more than 11 years, the company offers a similar and complementary product range to Contigo in its local market.
Energy One’s acquisition of Contigo, brings together a wealth of energy trading experience, with opportunities to collaborate and further develop best of breed systems to enable generators, retailers, producers, shippers and traders to manage their entire wholesale trading portfolio. The two businesses combine to create a new ETRM vendor group with global capability to further service and support customers.
Contigo’s co-founder and managing director, Adrian Bullock comments: “The acquisition by Energy One offers exciting possibilities for our clients and stakeholders. We look forward to continuing Contigo’s mission to develop innovative software solutions for the European energy market, while offering an increased and global capability for support and service.
“Energy One has acquired Contigo to nurture and grow the organisation, as well as offer new products to the energy market. It is also committed to maintaining the current range of Contigo products, providing a rewarding and exciting workplace and continuing to provide the excellent service to customers and partners that have hallmarked Contigo’s reputation to date. It is a very positive development for Contigo moving forward.”
Contigo was founded in 2006, and over the last four years, has more than tripled its customer base across Western and Central Europe. It is a leading supplier of energy trading and risk management solutions to the European markets and its solutions have also been recognised for ease of implementation.
Contigo’s award-winning energy trading and risk management software uses the latest technology and smart architecture to simplify energy trading for European generators and retail suppliers, managing the full trade lifecycle from deal capture through portfolio and risk management to settlement. It includes enTrader® an ‘out-of-the-box’ ETRM solution, preconfigured for the European market and available in the cloud or on-premise, and enVoy, nomination and scheduling software.
The scalable, modular software suite provides instant position to any granularity and enables straight through processing from exchanges and venues, including direct access to intraday markets.
Website: https://www.contigosoftware.com/ Telephone: +44 (0) 207 922 5150.
Contigo provides a powerful energy software suite that is used by energy generators, wholesale traders and retail suppliers across Europe. Contigo’s solutions are delivered either on premise or securely in the cloud under a SaaS model. Its award winning ETRM solution enTrader manages the full trade lifecycle from deal capture, through portfolio and risk management to settlement.
Contigo’s software was voted number one for ‘ease of implementation’ in the Energy Risk Software Rankings 2017. enTrader® is pre-configured for the European energy market with ready to use functionality and capability to integrate with European Power and Gas Exchanges.
Energy One Limited
Energy One Limited is a supplier of software products and services to wholesale energy, environmental and carbon trading markets. Listed on the Australian Energy Stock exchange (ASX: EOL) since 2007, Energy One has a successful track record of providing sophisticated, practical solutions to Australian and international energy market customers.
Energy One has offered an integrated energy trading software suite for over ten years, supporting the full trade lifecycle including trade capture, risk management and settlement. The sophisticated best of breed modular software suite includes, business intelligence and data management tools, nominations and network optimisation functionality.
Issued on behalf of Contigo by Love PR and Marketing. For further information contact Alison Love at [email protected] or 01299 896766 or 07818 543413.