ZE Announces Strategic Alliance with Lacima
ZE PowerGroup Inc. (ZE), the leading provider of enterprise data management software solutions, today announced its strategic alliance with Lacima Group (Lacima). Lacima is a specialist provider of risk management, valuation and optimization software and services for multi commodity trading organizations.
ZE and Lacima’s alliance extends the technological integration capabilities of both organizations so that ZEMA’s extensive market datasets and analysis flow seamlessly into Lacima’s energy analytics system, Lacima Analytics. Similarly, analytic data available in Lacima Analytics can be accepted in ZEMA. Key analysis in Lacima Analytics, such as Mark to Market, VAR, Cash Flow at Risk, Margin at Risk, Sensitivity, Correlations, and Volatilities can also be integrated and accessed through ZEMA. The collaboration also creates a unique opportunity for both companies to share technical insight and identify new opportunities for growth.
Aiman El-Ramly, Chief Strategy Officer at ZE, said, “ZE welcomes Lacima’s wealth of knowledge in the energy and commodities industry, as well as their internationally acknowledged expertise in risk management and risk metrics for global markets. We look forward to working with Lacima and growing our alliance over the long term.”
Chris Strickland, CEO at Lacima, said: “Lacima is excited to offer this level of integration with the award-winning ZEMA solution and enhance the value proposition to our mutual clients. We look forward to partnering on projects that foster the sharing of expertise and technical innovation and we’re excited about our growth prospects together.”
Lacima is a specialist provider of software and advisory services dedicated to valuation, optimization, and risk management for global energy markets. Lacima helps customers to maximize their profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis, and risk exposure analysis for portfolios of financial contracts and physical assets. Lacima’s software solutions have been developed and implemented by peer-recognised experts in energy analytics, offering an unparalleled level of expertise and personalised support.
Clients of Lacima’s software and services include structuring, valuation and risk teams in vertically integrated energy companies, energy retailers, financial institutions and large energy consumers in Europe, North America and Australasia.