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Vinmar International Selects Triple Point Commodity XL for Oil and PhysOps ‘Visual Cockpit’

Superior Functionality Coupled with ASP Deployment Provides Key Competitive Advantage

Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing and movement of commodities, announced today that Vinmar International, Ltd. of Houston, Texas, chose Triple Point Commodity XL for Oil TM along with PhysOps ‘Visual CockpitTM to support petrochemicals trading, risk management and physical logistics.

Vinmar has a twenty-seven year history as a leader in providing global logistical, marketing, distribution and financial services for a wide array of petrochemicals, fuel components and plastics. With a highly connected network of 26 offices in 20 countries worldwide, the company is an extremely important link in global supply chains, adding value for both suppliers and purchasers.

“Vinmar markets nearly two million tons of polymers and chemicals a year into most of the world’s major markets. We were looking for an advanced trading, risk management and logistical system that addressed all the various functions that are absolutely imperative to support our burgeoning business,” said Doug Friedman, Vinmar’s vice president, business development. “Triple Point has true industry experts on staff and their knowledge is reflected in the superior functionality of Commodity XL; it’s a perfect fit for our business. In addition, Triple Point’s hosted Application Service Provider (ASP) deployment model will get the system in production in an incredibly quick time frame, without an infrastructure investment, ensuring the lowest possible total cost of ownership.”

“We are elated that Vinmar International has selected Commodity XL for Oil and PhysOps ‘Visual Cockpit,’ ” said Rick Nelson, vice president, sales, Triple Point. “I talk to customers and prospects every day and hear the same thing; that real-time decision making capability, enterprise wide risk management, support for regulatory compliance and robust architecture make Commodity XL the only system that can support a multi-commodity front-to-back office deployment.”

Triple Point Commodity XL is the only true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing and logistics operations.