Leading Analyst Firm Places SoftSmiths in Magic Quadrant for ETRM
Houston, TX. – April 3, 2009 –
SoftSmiths, Inc., a leading energy software solutions
and services company, today announced that Gartner
included SoftSmiths in its Magic Quadrant for Energy
Trading and Risk Management (ETRM) Platforms.
Energy trading and risk management
platforms provide energy market participants a means of
optimizing the physical and financial positions of
multiple commodities. This Magic Quadrant analyzes the
leading providers of these platforms.
SoftSmiths Power/Gas and SoftSmiths
Markets provide a suite of Energy Transaction
Management applications for utilities who operate in
physical markets to sell, purchase, trade, and deliver
energy in the most efficient and cost-effective way.
Gartner recognized SoftSmiths' strong
solution offering for asset-centric companies with a
focus on physical transactions, its industry leading
logistics functionality with Scheduling, Transmission
Reservation and NERC Compliant Tagging, combined with
good integration capability and deep knowledge of North
Based on Service-Oriented Architecture (SOA),
SoftSmiths Power is a seamlessly integrated
front-to-back energy transaction management solution for
Load Serving Entities and Purchasing/Selling entities.
It provides functionality such as Load Forecasting,
Resource & Portfolio Management, Real-time and Term
Trading, Multi-Commodity Deal Capture, Net Position and
"What-If" Impact Analysis, Volume and Mark-to-Market
reporting, P&L reporting, Scheduling, Transmission
Reservation and NERC compliant E-Tagging, Financial
Settlement, Invoicing, Payment Tracking and Reporting.
The SoftSmiths Markets system
interfaces with RTO/ISOs and delivers the functionality
for bidding, scheduling, and settlement activities.
SoftSmiths, Inc. delivers critical electronic
energy trading and operations solutions and services
that enable energy industry participants to enhance
profitability and reliability in the competitive
marketplace. SoftSmiths' proven solutions and in-depth
knowledge of the industry's business practices allow its
customers to automate manual processes, eliminate
redundancies, and increase business visibility across
the enterprise to allow faster decision making and more
informed decisions, thereby improving profitability,
operational efficiencies and cash flow. The company has
been successfully delivering e-business solutions to
energy service companies since 1997.
SoftSmiths is a registered trademark of SoftSmiths,
Inc. All other products are trademarks or registered
trademarks of their respective companies.
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