Aspect Enterprise Solutions, provider of multi-commodity trading and risk management Software-as-a-Service (SaaS) applications delivered in the Cloud, today announced it has been placed by Gartner, Inc. in the niche player quadrant of the Magic Quadrant for Energy Trading and Risk Management Platforms evaluation report published March 2012 by Keith Harrison and David Furlonger.
Gartner's Magic Quadrants place vendors based on their completeness of vision and their ability to execute that vision. This particular report details energy trading and risk management (ETRM) platforms which provide trading professionals with a means of optimizing the physical and financial positions of multiple commodities. This Magic Quadrant analyzes the leading providers of these platforms. To arrive at the report’s findings Gartner evaluated 14 leading ETRM vendors.
Aspect’s AspectCTRM multi commodity trading and risk management solution was recognized in the report. Based on Software-as-a-Service (SaaS) architecture and its Cloud delivery, it is a comprehensive trade capture, risk management, position keeping, P&L, physical operations and financial operations platform. The solution is flexible and can be fully integrated with 3rd party providers, such as SAP, Oracle, JD Edwards and in-house developed software.
Acknowledging the Gartner placement, Aspect’s CEO Steve Hughes said it came at a pivotal time for the company. “We’ve recently closed another year of record growth and sales, having increased our trading and risk management customer base by 30% in what has been a relatively flat market.” Hughes went on to say, “We believe this recognition confirms that our approach in signing deals in the mid-market is the right one, and our continued enhancements of physical operations functionality will only solidify our position and make this year even better.”
Aspect’s Vice President of Marketing Brigette Gebhard said, “We appreciate that Gartner has named us a Niche Player. We consider this a testament to our flexible offerings, keen pricing, and rapid deployment time. These are core elements to our success, and will continue to be as we ramp up sales efforts and work to bring down costs and operational exposure for all market participants.”