Abacus Solutions Inc, announces collaboration with Utilisoft
London, UK, June 26, 2009. Abacus Solutions Inc, the developer of the integrated enterprise ETRM system, SATURN, announced that it entered into a new collaborative relationship with Utilisoft, a software firm that provides energy market integration solutions to over 75 companies in several areas including energy trading, retail, metering, and distribution. Utilisoft enables the effective exchange and use of data within and between energy companies in accordance with market processes and offers market compliance for the UK and Australian energy trading markets. Abacus and Utilisoft plan to introduce a next generation integration system for the US energy trading market through a joint initiative. Utilisoft has offices in the UK and Australia and has been the leading provider of market interaction solutions to the energy sector for twelve years."We are pleased to partner with Utilisoft and offer joint products and services that enable our clients to achieve operational excellence and gain and sustain competitive advantages” said Simon Dawes, Business Development Manager of Abacus Solutions Inc. “Our clients rely on a broad set of skills, tools, and capabilities to meet their business needs. Through a carefully established Alliance and Partnership Program (APP), Abacus Solutions Inc enriches its own offerings with best of breed tools and services from a select group of partners" according to Mr. Dawes.
“Utilisoft is delighted to collaborate with Abacus and offer our joint customers the benefits of our best of breed market interaction and integration tools and processes” said John Furness, Managing Director of Utilisoft. “Abacus is emerging as a leading solutions provider in the energy trading market and shares many characteristics with Utilisoft, including the ability to react quickly, decisively, and responsively to customer needs and demands” according to Mr. Furness.
About Abacus Solutions Inc
Abacus Solutions Inc is the developer of the award winning software SATURN, an integrated enterprise ETRM system (front, mid, back office) with decision support capabilities and additional unique tools that offer solutions to key business functions. SATURN includes twelve applications: Market simulation, generation optimization, parameterization, load analysis, trade capture, trade valuation, credit management, financial analysis, business intelligence, ISO integration, risk management, and portfolio management. SATURN facilitates improved decisions and helps analyze corporate and functional risks, revenues, costs, and profits for a portfolio of plants, trades, and other assets. Using modern technology, SATURN helps users realise significant benefits and gain unique and sustainable competitive advantages. A combination of eight features differentiates SATURN from the crowded field of legacy ETRM systems: Advanced analytics, unparalleled performance, modular architecture, seamless integration, data acquisition, intuitive interface, enterprise services, and enterprise mobility.
Abacus was recognized by the world's leading information technology research and advisory company Gartner Inc. (NYSE: IT), for its “innovative, impactful, and intriguing” software system, SATURN, and was included in the firm's "Cool Vendors in Energy and Utilities, 2009" report.
Email: info@abacussolutionsinc.com
Web: www.abacussolutionsinc.com
North America
New York +1 646.360.1247
California +1 650.941.1728
Europe
London +44.20.3384. 2676
About Utilisoft
Utilisoft is a leading solution provider that enables the efficient exchange and management of data among energy suppliers, meter operators, traders, market operators, distribution businesses and central service providers. Utilisoft software is oriented to offer ease of operation and efficiency, keeping the technological complexity away from the user. In trading Utilisoft provides a solution suite comprising market integration, market interaction, trade scheduling, energy balancing, settlement & complex exceptions resolution. Utilisoft has previously been the recipient of several awards including the Manchester Evening News Business of the Year Award, the Deloitte Technology Fast50 Award, and the Sunday Times Fast Track Award.
Email: info@utilisoft.com.au
Web: www.utilisoft.com
UK +44.0.1254.670888
Australia +61.3.9860.8300