Trayport Contigo, a leading supplier of energy trading and portfolio risk management solutions, based in the UK, is re-launching as Contigo, with a growing client base, larger team, new, prestigious offices and significant plans for growth.
The company supplies and implements the award-winning* enTrader software, which simplifies energy trading, and is unveiling its new look and latest software solutions at E-World, the leading European energy and water trade fair, being held in Essen, Germany this February.
Now part of the ICE Group, since the acquisition of Trayport on December 11 2015; the company is returning to its original name, prior to being purchased in 2013 by Trayport. Contigo managing director, Adrian Bullock comments: “The acquisition by Trayport allowed us to make important advances in our product and service offering. These included preconfiguring enTrader for the European energy market with ready to use functionality for faster, low risk implementation, Cloud delivery and full integration with Trayport’s GlobalVision Trading Gateway. However, Contigo operates as an independent business unit, and we want to ensure that our name reflects this.”
The company has grown its client base significantly since it launched enTrader in 2009 and many clients are moving onto its Cloud based service. Its clients are energy businesses throughout Europe, including: Ecotricity, Energy Team, Extra Energy, Centrica, First Utility, Bord Gais and NGF Nature Energy. In the last 18 months the company has won 12 new clients, all with major system deployments, in the UK, Switzerland, Denmark and Germany.
Ben Gatley, Head of Trading at Ecotricity comments: “We are delighted to be working with Contigo and utilising enTrader and enVoy to evolve our Trading processes. They offer a way for us to remain a cutting edge and flexible arm of a leading energy supplier without the problems and unnecessary complexities of some of the more cumbersome ETRM solutions.”
Adrian adds: “Clients have gone live with full ETRM systems, with deployment times measured in months. We are winning large accounts across Europe, and this demonstrates the success of our strategic direction and technical capabilities.
“Businesses are moving away from spreadsheets or migrating from their existing ETRM solution to enTrader because it’s a modern and flexible solution that simplifies energy trading with lower risk and faster implementation.”
Mikkel Kynde, NGF Nature Energy portfolio manager remarks: “Prior to using enTrader, we had been using spread sheets, and made the decision to move to an ETRM system to improve our energy trading. We chose enTrader because of its ease and speed of implementation, its flexibility and because it offered the best value.”
Contigo has also increased its number of employees and reorganised its management team. Adrian, one of Contigo’s co-founders and previously head of technology, became managing director in 2015, and there have been a number of other strategic appointments to further strengthen the company’s focus on professional services, client services and technology. Karen Sanders is now head of professional services, Jon Yeomans is head of client services and Katie Steele is financial controller. Tim Rogers, who was involved in a number of Trayport products, joined in 2015 as head of sales and business development.
The team now numbers 40, with plans to double this figure within the next five years, and, to accommodate these growth plans, the company has just moved into much larger, prestigious offices in the centre of Solihull, UK.
Contigo’s ambitious plans for the future include extending the product footprint in Europe and supporting more clients onto its Cloud based delivery, which leverages Trayport’s proven Cloud capability. Adrian comments: “The number of clients choosing delivery in the Cloud is increasing dramatically, with forty percent of our new clients now choosing this option. There are considerable operational and financial benefits of choosing this route, so an important aim is to increase this across our client base.
“Contigo means ‘with you’ and we are passionate about working in partnership with our clients to ensure they have the very best solutions that bring real business benefits and value. We are continuing to build product connectivity with the aim that businesses will be able to manage even more activity with enTrader as a single platform, without having to use other systems. Our ambition is to become the market leader in ETRM for European power and gas and we are confident that we have the right products and team to achieve this.”