BERKELEY, Calif. and TULSA, Okla. (August 29, 2001)- SolArc, Inc., a leading provider of enterprise trade management solutions for the commodity trading industry, announced today a strategic partnership with Financial Engineering Associates, Inc. (FEA) to distribute FEA’s options pricing and risk management software under the aegis of the FEA Alliance Partner program.
"Our agreement with FEA brings us closer toward our ultimate vision of Enterprise Trade Management, a single platform to manage the trading enterprise throughout the value chain, across commodities and across companies," said Roger Rowe, vice president of strategic development for SolArc. "Integration of our flagship trade management solution, SolArc RightAngle, with major technology partners is a cornerstone of SolArc’s ETM strategy. Extending SolArc RightAngle with FEA’s @ENERGYÂ® provides a more complete, integrated solution for the management of both physical and financial positions in a broad range of energy-related commodities including crude oil, refined products, gas liquids and coal."
SolArc RightAngle is the leading enterprise trade management solution in the domestic refined products and natural gas liquids industries, offering enterprise integration between traders, schedulers and accountants, providing each with the best available, up-to-date information needed to manage complex trading activities. SolArc is the trade management solution of choice for some of North America’s leading energy commodity marketers and traders.
Since its inception, FEA has led advances in the design and development of technologies that now form the foundations of option valuation and risk management systems worldwide. FEA markets its analytics directly, and as embedded components of systems designed and implemented by the company’s more than two-dozen FEA Alliance Partners.
"FEA offers the broadest instrument coverage available with analytics that are well-established, industry-standard tools for valuation, hedging and market risk management," said Mark Garman, FEA President and Chief Scientist. "SolArc’s expertise in enterprise trade management solutions is a very natural fit with FEA analytics, with the capability of each party complementing and enhancing the other. We are most delighted to welcome SolArc into the FEA Alliance Partners program."
About SolArcÃ SolArc, Inc. is a leading provider of enterprise trade management solutions for the commodity trading industry that integrate trading, scheduling, accounting and risk management functions into an easy-to-use interface. SolArc’s products blend seamlessly with current business architecture - including existing ERP and advanced risk management systems - giving clients flexible solutions that grow with their business. By making energy companies more efficient, SolArc’s products greatly reduce incremental transaction costs, making those companies more competitive. Headquartered in Tulsa, Oklahoma, visit SolArc at http://www.solarc.com.