Energy Technology Top 10
Table 1: Energy ISVs
Public/ PE/VC
Name Private Backed Sector
connectivity to exchanges, IDB platforms and OTC
Abacus Solutions Private No ETRM
electronic platforms have been extending into
Allegro Development Private Yes ETRM
Dachs Private Yes Middle Office
energy and commodities. The next stage of
Delta Energy Solution Private ETRM
development will be correspondent platforms
EKA Software Solutions Private No ETRM
providing electronic execution from top-tier energy
Entero Private No ETRM
FEA (MSCI Barra) Private N/A Analytics
market makers to their client bases, whether
GFI Trayport Public N/A Trading Platform
smaller utilities, industrials or hedge funds.
GMSL Public Sub N/A Scheduling
HyperRig Private No ETRM
LIM Private Market Data
6. Utility IT Demand
Microgen Public N/A Portfolio RM
Volatile prices for all energy products – and the
Murex Private No ETRM
anticipation that higher prices will return – is
Navita Private Yes ETRM
Nexant Private Yes Portfolio RM
focusing utilities on portfolio optimisation. The
OpenLink Private Yes ETRM
take-up of energy analytics, forecasting, and
Orc Software Public N/A Trading Platform
portfolio optimisation tools will increase and will
PSI Public N/A Portfolio RM
Sakonnet Private Yes ETRM
continue globally for a number of years. The
SAS (Risk Advisory) Private No Risk Advisory
market will be served by different ISVs by tier, and
Solarc Private Yes ETRM
to a lesser extent region. In top-tier, some ‘best of
Soptim Private Portfolio RM
SunGard Energy Private Sub Multiple ETRM
breed’ orientation will persist because most energy
SunGard FAME Private Sub Multiple EDM
trading and risk management (ETRM) vendors
SunGard Kiodex Private Sub Multiple ASP
remain weak in analytics in regards to portfolio
Temenos RAFT Public N/A Credit Risk
TradeCapture/Amphora Private Yes Physicals
optimisation. This is due to most being oriented to
Trading Technologies Private No Trading Platform
energy trading rather than asset/liability
TriplePoint Private Yes ETRM
management. Some are progressing in this area.
Tradepaq TRM Private No CTRM
Ventyx Private Yes ETRM
Viz Risk Management Private Yes ETRM
7. ETRM Systems Demand
Zema Private No EDM
ETRM systems’ demand has shifted from a de
Reval Private Yes ASP/Compliance
Aspect Enterprise Solutions Private No ETRM/Market Data
novo market to a replacement market. There will
OATI Private No Automation &
befew de novo hedgefundsorfinancialinstitutions
Compliance
in commodities and energy procuring ETRM
Source: Market Advisory Services
systems for the first time. While there may be
The table above lists some of the many ISVs.
significantdemandrelatedtocarbontrading,most
Some names no longer appear because of acquisition and being subsumed within
of this demand will be addressed with add-on
the larger corporate parent and their divisional brand. This list focuses more on modules from existing ETRM vendors.
wholesale energy trading, risk management and transaction processing. It is a
ETRM demand will depend on the market
sample list and not intended as a comprehensive list of vendors, which should be
segment that can replace multiple disparate
evaluated in a procurement process. ETRM does not suggest all vendors are
equal in asset class coverage and associated logistics functionality.
systems purchased in the last cycle for various
asset classes within energy. However, vendors will
opportunities in the energy and commodities asset class so have to demonstrate that capabilities of the integrated
there are likely to be significant developments, whether offerings exceed the stand-alone solutions. The top-tier energy
acquisitions or alliances, over the next few years. ICE is conglomerates and utilities in many regions will continue to
unquestionably the exchange that fared the best through the require client risk management services and transaction
2008 downturn and recovery to date in 2009. processing. This is especially prevalent in Europe and will
This convergence means that cross-asset class (oil, gas, expand with energy price volatility and supply constraints.
power, coal, etc.) and multi-instrument (cash versus The energy marketplace in the middle-tier cannot – and will
derivatives) processing will be incorporated into enterprise not–spendonprocurement,deployment,andmaintenanceof
trading and transaction processing platforms. ETRM systems alone without significant other capabilities
particular to utilities. ETRM will compete with portfolio
5. Market Liquidity management suppliers in this instance.
There continue to be significant developments in market Credit risk and compliance solutions will become more
liquidity with pools, electronic trading platforms providing critical as the market proceeds. In this respect, TriplePoint’s
worldPower 2009 73
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