RiskAdvisory
Software Inc. and SoftSmiths, Inc: working together
to DELIVER a broader solution for clients.
Calgary / Houston – October
15, 2001–Driven
by joint customer demand, RiskAdvisory Software
Inc. and SoftSmiths, Inc. have combined their expertise
and software to supply the energy industry with
a complete solution that covers trading, scheduling,
risk management, settlement, and reporting operations.
The seamless integration of RiskAdvisory’s Energy
BookRunner® and SoftSmiths’ e-Merchant™ provides
an end-to-end solution that covers the full spectrum
of the power trading environment.
RiskAdvisory
and SoftSmiths collectively cater to clients nationally
as well as internationally. Together the companies
provide a broader solution utilizing best of breed
solutions for the energy sector. Products are developed
using industry standards for reliability, portability
and openness. Standard technologies used in the development
include Oracle, Java, XML and C++, running on Windows
NT and UNIX platforms.
Both companies
focus on Customer Service as their guiding principle,
and concentrate on successfully delivering solutions
to the complex business challenges that their customers
face in the competitive market environment.
SoftSmiths’ e-Merchant
system, the industry's most complete Electricity
Transaction Management System, is a compelling choice
for Generation Owners, Power Marketers, Load Serving
Entities, Transmission Customers, and Municipal Utilities
that are seeking a reliable, scalable platform for
business critical applications.
RiskAdvisory’s
Energy BookRunner® has been developed
by practicing risk management professionals and incorporates
their accumulated experience in the energy and financial
sectors. BookRunner® is a multi-commodity
(gas, power and crude), multi-currency and full analytical
tool which includes a simulation based earnings-at-risk
model. This provides Energy Marketers as well as
Utility Companies with the most practical and useable
risk management tool in the energy industry.
"We are
very pleased with this strategic relationship", said
Hugo Stappers of SoftSmiths. "Today’s announcement
represents RiskAdvisory and SoftSmiths’ commitment
to provide our joint customers a one-stop source
for the technology and expertise they need. It is
this kind of integrated infrastructure that will
accelerate the adoption and growth of solutions that
lead the industry in rapid deployment of next generation
transaction management systems."
"It is
very exciting for us to be working with a company
that shares many of the same philosophies as we do.
Together we will be providing a best of breed solution
that meets clients full trading, scheduling and risk
management needs," said Brian Nicholson of RiskAdvisory.
Visit both companies at
Power Mart 2001 in Houston Texas, October 16-17.
About
SoftSmiths
SoftSmiths,
Inc. is a Texas-based, privately held corporation.
The company has been successfully delivering e-business
solutions to energy-service companies since commencing
commercial operations in January 1997.
SoftSmiths
is a leading provider of business-critical Transaction
Management Systems and services to the energy industry.
SoftSmiths products are designed to address increased
customer and transaction volumes, yielding increased
operational efficiencies, thereby enabling our customers
to profitably operate in the competitive marketplace.
SoftSmiths'
highly differentiated position in the market is a
result of its in-depth knowledge of the industry’s
business practices, having the broadest product development
strategy and using its intellectual property and
consulting service to meet customers’ competitive
business requirements.
SoftSmiths
is a registered trademark of SoftSmiths, Inc. All
other products are trademarks or registered trademarks
of their respective companies.
For
more information, contact SoftSmiths by sending
e-mail to mkt@softsmiths.com, visiting the web
site at http://www.softsmiths.com, or calling 713-626-9184.
About
RiskAdvisory
RiskAdvisory
is a Calgary, Canada-based consulting and software
firm providing the energy industry with specialized
financial risk management advisory and software services
since 1995. Energy BookRunner® was developed
as a risk management software solution targeted towards
the energy sector, and has maintained its market
share through consistent and efficient customer service.
With
its unique Monte Carlo Earnings-at-Risk simulation,
RiskAdvisory
can provide solutions to Electric Utilities with
generation assets as well as supplying systems
to Energy Marketers in gas or power. The full complement
of risk tools that RiskAdvisory provides is backed
by industry experts, meaning that Energy BookRunner® is
always current with industry requirements and remains
a very practical and usable solution.
© SoftSmiths 1997-2004 - All Rights Reserved. Legal/Privacy
|
