LEXINGTON, MA and TORONTO, ON, Canada — Excelergy Corp., a provider of software products for the energy industry, and Algorithmics Inc., a provider of enterprise risk management software, have announced a strategic alliance that will deliver an advanced energy trading and risk management system to energy traders and generators.
“Algorithmics is known in the financial and energy industries for its risk management expertise and accuracy. Excelergy is known for its energy sector expertise in automating vital business processes like trading, scheduling, and settlement. Together, our best-of-breed products will present energy companies with a single view of risk across their entire enterprise, which will enable traders and generators to make the best decisions possible,” said Michael Zerbs, chief operating officer of Algorithmics.