Founded in 1990, Klesch & Company has made investments valued in excess of $14 billion across Europe, the United States and Asia, with acquisitions including businesses from established public companies such as Alcan, AEGON, Deutsche Telekom and Dynegy. Kleschâs recent focus is on buying businesses that are largely exposed to the volatility of the commodity markets, in particular, oil, gas, coal, electricity, aluminium and other base metals or alternatively making greenfield investments in commodity projects.
Klesch & Company required better visibility into commodity operations and a real-time view of position and risk, coupled with improved business intelligence and reporting for enhanced decision making across the enterprise.
âIn addition to Commodity XL having the product functionality that could run our business, we wanted a supplier that we could trust and depend on for a successful long term relationship,â said Thomas Wilson, head of all metals trading at Klesch & Company. âIn short order, Triple Point became the clear choice from both a technology and team standpoint. Commodity XL has the functionality to manage our trading, risk and physical operations, and the Triple Point team possesses the knowledge and dedication we require to build a relationship and grow our business for years to come.â
"Companies who want to succeed in the volatile global commodities market must have enterprise systems in place that efficiently and effectively manage information and risk,â said Michael Schwartz, chief marketing officer, Triple Point Technology. âCommodity XL is unique because it covers all the key elements of commodity management: trading, physical operations and risk including governance and compliance, market, operational and credit. Traders, marketers, risk managers, credit analysts, compliance officers, schedulers and accountants all have the real-time information needed to make informed decisions and improve bottom-line results.â