Tag: Gavin Lavelle

Brady Invests For Growth

Brady PLC released its’ preliminary results on March 14th. 2016 saw the company increase revenues by 11% to 30.3m GBP (up 2% on a consistent currency basis), and grew recurring revenues by 24% while license revenues were down to 3.6m GBP to make a 500k GBP profit before exceptional items for the year and a 1.9m GBP after tax loss while adjusted EBITDA increased 85% to 4.5m GBP. 2016 was a difficult year for many vendors in the CTRM space in, one in which buyers focused on reorganizations, industry change, lower commodity prices, and rising costs. Against that backdrop, Brady... continue reading

Brady Sees 5% Revenue Growth in Tough Market

Highlights Brady PLC released its interim results for the 6-months through 30th June today. The company saw a slight increase in revenues up 5% to 14.758m GBP while cost cutting measures meant EBITDA was up 72% to 2.04m GBP for the same period. Brady reported 10 new license deals in the period but noted than none were of a comparable size to some of the deals it signed in H1 2015 and license sales declined accordingly. Meanwhile, recurring revenues increased to 60% of total revenues as 70% of its new business was deployed in the cloud. It’s energy business continued... continue reading

Brady Announces Change at Top

(Brady Plc) Directorate Change – Brady, the leading global provider of energy, commodity and recycling software announces that after nine years Gavin Lavelle has decided to pursue new opportunities and has stepped down as CEO with immediate effect. Mr Lavelle will leave the Company in February 2017. A search to find a replacement is underway; in the interim, Ian Jenks will assume operational control of the Company as Executive Chairman. Ian Jenks, Executive Chairman of Brady plc, commented: “We are grateful to Gavin for his contribution over the years and wish him the very best for the future. The business... continue reading

Impacts of low commodity prices on CTRM software

Commodity Technology Advisory Question – We’re hearing that OPEX is under considerable pressure at a majority of energy and commodity trading shops, with some facing cuts as high as 30% versus 12 to 18 months ago. What advice would you give a CIO facing such cuts in their organizations? Manav Garg, CEO & Founder, Eka Software Solutions In today’s environment of low commodity prices, it is more critical than ever before to do more with less. Eliminating waste and trimming expenses wherever possible is necessary, and many companies have already taken steps along that path. Companies need to cut costs... continue reading

SA Recycling selects Brady’s fully integrated commercial recycling solution across its entire organisation

23rd March 2016, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that following SA Recycling’s recent acquisition of Newell Recycling Southeast LLC, a total of 70 locations are now utilising  Brady’s Commodity Recycling Enterprise solution to automate all of their business and operational processes. SA Recycling is recognised as a world leader in the metal recycling industry. With 70 facilities located throughout the Southwestern United States and now with locations in Georgia, Alabama and Tennessee, it serves both regional and worldwide markets. SA Recycling is... continue reading

Brady Acquires Energy Credit

I spoke this afternoon to a very upbeat Gavin Lavelle, CEO at Brady PLC, on the back of today’s announcement that it had acquired energy credit from Temenos. Apparently, Brady experienced a flurry of successful E/CTRM software deal closings in the late fourth quarter of 2015 in addition to the acquisition of energy credit. Energy Credit is an enterprise-wide credit risk solution that was one of two original credit-focused companies in the energy trading sector. It has a strong client base that includes many big names in the industry such as Anardako Petroleum, Calpine, Chevron, Enel, Hydro, Shell, RWE and... continue reading

Brady acquires energycredit to enhance its risk offering for the energy and commodity markets

4th January 2016, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today the acquisition of energycredit from Temenos. energycredit provides specialised domain expertise in credit risk to the energy and commodity markets with offices in the UK, US and India, serving energy customers representing some of the world’s largest utilities, producers and trading firms. “I’m thrilled to announce the acquisition of energycredit; it aligns perfectly to our growth strategy of acquiring complementary functionality to enhance our offering, enabling customers to have a single provider for... continue reading

Brady signs three new contracts

Brady plc, the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, is pleased to announce three new contract wins. Two top tier global Japanese-owned trading companies have selected Brady Cloud solutions to support their trading and risk management requirements across base and precious metals, soft commodities and freight, covering the complete trade lifecycle for both derivatives and physical trading activities. Both of these customers will be using the Brady Cloud Service to reduce their total cost of ownership and ensure maximum availability. Additionally, a European energy supply company, focused on delivering clean energy... continue reading

Brookfield Renewable Energy Europe selects Brady Cloud solution to handle Its UK power scheduling

London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Brookfield Renewable Energy Europe has selected Brady Power Scheduling solution to manage its power scheduling activities in the UK. Brookfield Renewable Energy Group operates one of the largest publicly-traded pure-play renewable power platforms with operations across North America, Latin America and Europe, with a portfolio totalling more than 7,000 MW of installed capacity. In Europe, Brookfield Renewable’s portfolio consists of 600 MW of operating wind capacity across Ireland, the UK and Portugal, and has a project development pipeline of... continue reading

Brady acquires ScrapRunner to strengthen its recycling portfolio

Brady, the leading global provider of trading, processing and risk management solutions for metals, recycling, energy and soft commodities, is pleased to announce that it has acquired the assets and goodwill of the ScrapRunner product, from Enaptive Inc (“ScrapRunner”). Enaptive is a US-based company providing dispatch systems designed specifically for the scrap metal and recycling industry markets. ScrapRunner has been operating since 2003 and its clients are based throughout North America and Europe. The total consideration payable for ScrapRunner is USD 2 million (approximately £1.3 million) payable as to USD 1.8million in cash on completion, USD 100,000 in cash one... continue reading

Brady to provide one of the world’s leading trading organisations with a fully integrated global trading and risk management solution for refined metals, concentrates and derivatives

FOR IMMEDIATE RELEASE 24th June 2015, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that a leading multi-asset global trading house has selected Brady to support the organisation’s global trading and risk management of its physical and derivatives operations for its refined metals and concentrates businesses in its worldwide locations across four continents. The Brady solution provides the trading organisation with unrivalled CTRM functionality to manage its global physical and derivatives metal trading. The solution manages the complete life-cycle of the trade, enabling total... continue reading

Brady launches its fully integrated global trading and risk management solution for concentrates, refined metals and derivatives

27th March 2015, London:Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today the launch of its fully integrated trading and risk management solution to support companies trading refined metals, concentrates and derivatives. The Brady solution provides companies with unrivalled CTRM functionality in a single platform. For both refined and unrefined metals and concentrates, companies can now manage their global trading activities spanning the complete life-cycle of the trade. This provides total transparency and accuracy for their trading and risk management operations from order entry to final... continue reading

Brady PLC Gaining Market Share

Brady PLC announced its preliminary results for 2014 this morning. Brady PLC CEO, Mr. Gavin Lavelle, briefed me on Friday regarding Brady’s performance and forward business strategy in advance of today’s announcement. The software vendor closed a record 20 new license deals in 2014 of which 30% were in the cloud deployed, 30% were with clients outside of Brady’s traditional European stomping ground and this included its first license in Korea with a household electronics company. As a result, revenues were up 13% to 31m GBP (on a constant currency basis and about $45.8 m using today’s exchange rate). Profits... continue reading

Brady plc announces strong earnings growth and record licence revenues Brady plc Trading Statement for Full Year 2014

Highlights: · Trading in line with market expectations · Cash significantly ahead of expectations · Record licence revenue recognised in period · Secured 15 new contracts in 2014 15th January 2015, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to provide an update on trading performance for the full year to 31 December 2014. Trading for the second half of the year has continued to be in line with expectations and as a result full year results are expected to be in line with... continue reading

Brady Energy enables Statkraft to offer self-service B2B solution in the Nordics

5th January 2015, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Norwegian energy company Statkraft goes live with Brady EDM Web solution. Brady Energy has worked closely in partnership with Statkraft in developing the solution. Brady EDM Web solution is developed using the Brady Web Framework. The Brady EDM Web solution, tightly integrated to the mission critical Brady EDM application, enables Statkraft and other Brady customers to integrate with its customers in a secure Business-to-Business environment via the web. It offers Statkraft customers real-time reporting of portfolios,... continue reading

Levmet selects Brady Cloud solution for metals trading and risk management

7th January 2015, London: Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Levmet has selected Brady’s cloud-based trading and risk management solution to measure and manage the price risk and trading operations of its ferrous and non-ferrous metals business. Founded in 2012, Levmet is focused on proprietary & physical trading and investment.  The Company is privately owned by its founding shareholders and a group of senior employees.  Today, the Company has a diversified business, trading a wide spectrum of metals and hard commodities including copper, iron ore, coal, steel,... continue reading