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Gartner Names Triple Point As Leader in Energy Trading and Risk Management Magic Quadrant

Ranked first for Ability to Execute and second for Completeness of Vision

Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today it was positioned as Leader in Gartner Inc.’s 2010 Magic Quadrant for ‘Energy Trading and Risk Management’ (ETRM). To derive the Magic Quadrant, Gartner evaluated 13 of the world’s leading ETRM platform providers on two axes: “Ability to Execute” and “Completeness of Vision.” Triple Point led the field in its ability to execute and ranked second in completeness of vision.

It’s the second year running that Gartner — the world’s leading information technology research and advisory company — has named Triple Point to the Leaders Quadrant.

“Triple Point is growing at three times the rate of our nearest competitors,” said Peter F. Armstrong, president and CEO, Triple Point. “Our sustained growth is directly attributed to providing our customers with the leading software solutions for energy and commodity trading and risk management. It is wonderful affirmation that Gartner, respected around the world for its information technology research and consulting, consistently recognizes the value Triple Point provides through product innovation, talent, and commitment.”

Triple Point was noted for several strengths including extensive functionality for energy and commodity trading and risk management; the most comprehensive solutions for credit and regulatory risk management; strong growth in the energy markets in the past 12 months; and its unique endorsed-business solution for commodity management with SAP.