Vantaa Energy selects Brady Energy ETRM Cloud Solution for its next generation trading system

London - 14 April 2014

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for energy, commodities and recycling, announced today that Vantaa Energy, a Finnish utility,has selected Brady ETRM Cloud solution to support its trading and risk management in its  electricity, gas, oil, coal and emissions activities.

Vantaa Energy Ltd is one of Finland’s largest municipal energy companies. The company is owned by the City of Vantaa (60%) and the City of Helsinki (40%). Vantaa Energy produces and sells electricity and district heating.

Having relied on Brady Energy’s solutions since 2004, Vantaa Energy has opted to select Brady ETRM’s cloud-based solution with its low cost of ownership to support its business requirements from front to mid to back office which will automate their internal processes more efficiently and facilitate the modelling of its contracts, allowing more time to focus on core business activities and serve its customers.

Brady's dedicated Cloud Services provide the highest levels of availability through n+1 redundancy and fully optimised storage across the solution. This provides the perfect environment for enterprise wide and mission critical solutions.  Due to the scalability of our cloud environment, it is easy to add more resource as demand increases. With the Cloud solution additional costs for scaling up or out are incremental.  This flexibility allows the client to control IT costs and minimise system upgrade disruptions, with added reassurance that our Cloud Services are backed and managed by Brady experts, who have a wealth of domain and system expertise.

Tommi Ojala, Portfolio Manager of Vantaa Energy, commented: “The team at Brady Energy has been committed to our industry for over 25 years, which is reflected in its high level of domain experience, particularly in the field of ETRM. This knowledge of our industry and specifically our business ensures us that our partnership will be mutually beneficial. The Cloud ETRM solution is not a framework that demands years of implementation, but is implemented with all the essentials and flexibility to cover additional needs quickly”.

Gavin Lavelle, CEO of Brady plc, commented: “We are delighted at the confidence shown in our ETRM team and solution. For companies such as Vantaa, our Cloud ETRM solution contributes value to organisations within weeks of initial setup. This intuitive system with a sophisticated reporting engine coupled with the benefits of the Cloud, offers a compelling scalable solution requiring minimal IT intervention, leaving more time for the company to focus on its core business of serving its customers”.

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