(PRWEB) April 9, 2011
Aspect Enterprise Solutions (AES), a leading global provider of Software-as-a-Service (SaaS) trading and risk management solutions, today announced it has been positioned by Gartner, Inc. in the niche player quadrant of the “Magic Quadrant for Energy Trading and Risk Management Platforms” evaluation report published March 2011 by Keith Harrison and David Furlonger. AES receives this distinction and recognition in Gartner’s annual report, which is based on each company’s completeness of vision and ability to execute.
The report details energy trading and risk management platforms which provide energy market participants with a means of optimizing the physical and financial positions of multiple commodities. According to Gartner’s report, this Magic Quadrant analyzes the leading providers of these platforms.
Welcoming the report’s findings AES chief executive officer Steve Hughes believes this year’s recognition solidifies the company’s position among top vendors in the marketplace.
“This year’s position saw us move further to the upper right of the quadrant reflecting the strengthening of our product line and tremendous market success,” said Hughes. “We’ve had another record year in 2010 growing our CTRM business by 28% against a market average of around 8%. The acknowledgement by Gartner is another confirmation that the energy trading world is adopting Web-based applications. We’ve been Web-based since day one and our solutions are being embraced in every region of the world. ”
AES provides multi-commodity trading and risk management solutions for oil and related products, metals and steel, emissions and other commodities. The company’s SaaS delivery model is fully Web-based, which means clients do not need to invest in software, hardware and IT expertise. Each user pays a monthly subscription license, and no major capital investment is required. This model along with the scalability of AES solutions appeals to both the mid-market and larger trading organizations. It’s an affordable, flexible alternative to legacy software systems.
About Aspect Enterprise Solutions
AES provides enterprise class market information, trade and decision support tools for commodities professionals. Trusted by over 500 corporations in more than 90 countries, the company's solutions routinely support more than $10Bn of transactions every day. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings. AES applications include AspectCTRM®, its flagship full-featured commodity trading and risk management enterprise suite for front, middle and back office. AspectCTRM Lite Edition deploys out-of-the box in just a few weeks. This CTRM edition is designed for small to mid-size trading, supply and end-user companies with smaller budgets and less complex requirements. As companies grow, and demands for more features expand – it easily scales to meet those requirements through the Standard and Enterprise Editions. AspectDSC is its decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is its Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.
About Gartner’s Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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