Leading Japanese System Integrator to Expand Allegro’s Footprint in
Asia Pacific Region
Allegro Development Corporation, a leading provider of commodity
management software, and NTT DATA Financial Solutions (NDFS) today
announced a partnership agreement to expand Allegro’s Asia Pacific
commodity management offering to Japanese energy and commodity trading
companies.
NDFS provides IT solutions including transaction and risk management for
market financial products, as well as market services, which include
pricing model development for financial products, consulting, research
and development.
The partnership will combine Allegro’s commodity management solutions
with NDFS’ extensive market, IT and risk management implementation
services. The joint offering allows Japanese companies the ability to
implement Allegro’s world-class trading and risk management platform
with confidence leveraging the deep subject matter expertise of NDFS’
professional services team.
“The partnership with NDFS provides the opportunity to help Japanese
companies elevate their trading operations with effective risk
mitigation to sustain the energy market’s liberalization,” said Mr.
Jonathan English, Managing Director of Allegro EMEA. “We’re excited to
work together and contribute our expertise to the Japanese market.”
Mr. Ken Tsuchihashi, CEO of NTT DATA Financial Solutions Corporation,
stated, "NDFS and NTT DATA have been interested in Commodity Management
solutions for some time. And now we understand Allegro's sophisticated
commodity trading and risk management system, which is a new area apart
from the financial market solutions we have developed. When the
opportunity arose to collaborate with Allegro Development, we knew this
would be a winning combination in Japan."
About NDFS and NTT Data
NTT DATA Financial Solutions [NDFS] is one of the few companies
providing advanced market solutions by fusing financial engineering,
which was developed from rocket engineering, and reliable IT
technologies, which have been accumulated from the financial system
developments. NDFS provides not only IT solutions such as transaction
and risk management for market financial products but also other various
one-stop services in the market field including pricing model
development for financial products, consulting, and research and
development. Visit www.nttdata-fs.co.jp
(Japanese) to learn how our consultants, projects, managed services, and
outsourcing engagements deliver value for financial services businesses.
For further information please contact NTT DATA Financial Solutions
Corporation Planning Department ETRM-CS@nttdata-fs.co.jp.
NTT DATA is a leading IT services provider and global innovation
partner with 76,000 professionals based in over 40 countries. NTT DATA
emphasizes long-term commitment and combines global reach and local
intimacy to provide premier professional services, including consulting,
application services, business process and IT outsourcing, and
cloud-based solutions to the financial services sector. We’re part of
NTT Group, one of the world’s largest technology services companies,
generating more than $100 billion USD in annual revenues, and partner to
80% of the Fortune Global 100.
About Allegro Development
Allegro is a leading provider of commodity management software for power
and gas utilities; refiners, producers and traders of crude oil, refined
products, soft commodities and agriculture; and industrial energy
consumers. With more than 30 years of industry expertise, Allegro’s
software provides the global intelligence companies need to manage
physical and financial positions, and to optimize their assets and
portfolios using tools that quantify and mitigate risks. Headquartered
in Dallas, Texas, Allegro has offices in Calgary, Dubai, Houston,
London, Singapore, Zurich, Kuala Lumpur and Jakarta along with a global
network of partners.
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