ZE PowerGroup Named "Cool Vendor" by Leading Analyst Firm
April 21, 2010 – Richmond, B.C. − ZE PowerGroup Inc. (ZE) is pleased to announce that it has been selected as a “Cool Vendor” in the Cool Vendors in Energy and Utilities 2010 report by Gartner, Inc. The report describes ZE’s software product ZEMA as one of four emerging technologies that are positioned to help the “energy and utility market sector to technology to improve operational efficiency while addressing energy sustainability issues”.
ZE PowerGroup is the developer of the award-winning ZEMA Suite™, a best of breed operational decision support system, designed to help clients manage and integrate key market and internal datasets with their daily downstream business and operational systems. The Suite provides an information backbone that can be accessed by various front, mid and back-office applications.
“We are very happy to be included in the research report. We believe this recognition supports our efforts to set new standards for enterprise data management initiatives and to redefine business processes within the ETRM space,” said Dr. Zak El-Ramly, President and CEO of ZE PowerGroup. “Although ETRM systems have some capacity around data management, the requirements to handle the vast amount of raw data and the various formats and sources are generally outside the scope of these systems. This is where ZEMA brings value.”
ZEMA is a solution to manage and standardize the massive volume of data that is fed into various ETRM systems. As energy trading operations need to stay focused on their core business function, there can be a challenge in managing the data required to perform these functions. The article articulates this as “many energy trading operations place so much emphasis on an ETRM platform as the core tool that understanding the wider data needs and uses are considered secondary. Data management is at the core of a trading enterprise. Companies that embrace this are in a better position to react quickly to market opportunities and threats.”
About ZEMA Suite
ZE PowerGroup Inc. is an experienced software and strategic consulting firm that combines energy industry expertise with advanced software development capability. The company possesses deep industry knowledge and comprehensive operational experience. ZE is the developer of the ZEMA SuiteTM data management and analysis solution which collects data such as coal, power, gas, crude, financial, weather, emissions, hydrology and others and is used as a business process automation and integration tool for small and large scale organizations alike. ZEMA is created by experts to meet the specific challenges faced by energy industry participants.
Cool Vendor Disclaimer
About Gartner’s Cool Vendors Selection Process
Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.
Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.
1 Gartner “Cool Vendors in Energy and Utilities, 2010” by Zarko Sumic, Keith Harrison, Randy Rhodes, Kristian Steenstrup, March 31, 2010.