Allegro Selects ZE for its Innovator of the Year Award
February 16, 2012 – Richmond B.C. – ZE PowerGroup Inc. (ZE) has been awarded the esteemed Innovator of the Year Award by Allegro Development. The award is bestowed on partner companies of Allegro that demonstrate clear innovation in technology, and share that innovation with the larger market community. Allegro is a global leader in Energy Trade and Risk Management (ETRM) solutions for power and gas utilities, refiners, producers, traders and consumers. ZE works actively with partners like Allegro to develop new ideas and deliver innovative technology. Allegro recognizes ZE for the innovation behind ZEMA Suite, ZE’s Enterprise Data Management solution.
The ZEMA Suite integrates seamlessly with Allegro ETRM software solutions through Allegro’s Price Connect component and direct OBDC connections. This facilitates straight through processing and much greater automation of critical trade and business risk processes. Seamless connectivity makes it much easier for clients to develop a business case for acquiring multiple systems.
The vision for ZE was realized in 1995 as a response to the introduction of competition in the power markets. ZEMA was first developed to automate collection of data from ISO markets. While power markets remain an important business cornerstone of ZE and Allegro, the convergence of markets makes it critical to represent all energy and commodity markets equally.
Aiman El-Ramly, Senior Vice President of Strategy and Business Development at ZE, states, “I am most happy that our partnership with Allegro continues to be fruitful, and that together we can provide strong value propositions to our mutual clients.”
Brett Friedman, Senior Vice President of Global Sales at Allegro, echoes that sentiment and adds, “Allegro’s partner strategy is focused on developing relationships that create additional value for our customers. Our relationship with ZE epitomizes this. We are very pleased to recognize ZE’s innovation and the commitment that they have made to build this partnership. We look forward to expanding our partnership in the coming year.”
Innovation is an underlying trait of ZE’s corporate culture; the company strives to be an inclusive promoter of industry issues through open forums, workshops, webinars and electronic publications. ZE’s ambitious endeavors and active support for its customers have made ZE an industry leader. During 2011, ZE broadened its product line, diversified its data offering, expanded its global operations, doubled its European client base, participated in a record number of industry events, increased its workforce by 40% and strengthened its financial position—all while maintaining its superior service standards to its clients.
ZE thanks Allegro for its gracious acknowledgement of the innovation behind ZEMA, and for recognizing the companies’ healthy partnership.