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Allegro Appoints Aditya Srivastava as Senior Vice President of Engineering and CTO

DALLAS, Jun 10, 2013 (BUSINESS WIRE) — Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today the appointment of Aditya Srivastava as Senior Vice President and Chief Technology Officer. Srivastava comes to Allegro from JDA Software Group, a software and consultancy company specializing in supply chain management, merchandising and pricing solutions, where he served as CTO and Senior Vice President of Product Development.

The move deepens Allegro’s executive strength, adding more than 30 years of proven experience in software to the company’s C-suite. Srivastava will oversee all areas of product and technology development.

“Aditya is a seasoned veteran whose track record of success in working with many Fortune 500 clients will help reinforce our competitive prowess and cement our reputation as the recognized leader for energy supply chain solutions,” said Allegro Chief Executive Officer, Ray Hood. “His ability to manage large, global engineering teams and rich understanding of product development will further improve our operational efficiency and contribute significantly to our bottom line. We are extremely pleased to have him on board.”

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Srivastava joined JDA as part of the i2 Technologies acquisition in 2010, having served i2 in various capacities since 1997, before leaving as Senior Vice President/CTO. Prior to joining i2, he worked on artificial intelligence at the Texas Instruments Computer Science Research Laboratory, was Vice President of Engineering at TracePoint Incorporated, a start-up, located in San Jose, California and founded Encotech Incorporated of Dallas, Texas as Chief Architect. Srivastava also holds several patents and sits on the Industry Advisory Board of the computer science departments at Southern Methodist University and University of Texas Dallas.

About Allegro Development

Allegro is a global leader in energy trading and risk management solutions for power and gas utilities, refiners, producers, traders and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle and back offices, while managing the complex supply chain associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners.

SOURCE: Allegro Development Corporation