Triple Point Wins Fourth Consecutive Quality & Innovation Prize for Trading and Risk Management Software
Recognition tied to groundbreaking advancements in business intelligence and decision support through newly released Commodity XL 6.0 and Management Dashboard™
Westport, CT, December 20, 2007 --(PR.com)-- Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistic software platforms, announced today that it has won a fourth consecutive Connecticut Quality Improvement Award (CQIA) Innovation Prize for its continued product, technology and implementation excellence.
In earning the 2007 CQIA award, Triple Point was recognized for major technological and business intelligence-related advances in its flagship Commodity XL™ trading and risk management software platform. Earlier this year, Triple Point released the platform’s latest version, Commodity XL 6.0. In ensuing independent lab testing, Commodity XL 6.0, already the highest performing commodity transaction and risk management software system (CTRM) in the world, demonstrated a five-times leap forward in performance.
Capable of processing more data faster than ever before, Commodity XL 6.0 can capture, make available, and manage every detail of a trade, schedule, counter-party contract and more at the lowest level of granularity. This record setting performance level enables the Triple Point solution to provide enterprise-wide functionality and granular decision support not available in competing systems.
In addition, Triple Point recently released its innovative Commodity XL Management Dashboard™, an add-on business intelligence module that mines vast amounts of trading, risk and supply chain data to provide unique, insightful analysis for better management decision making. Management Dashboard’s high-impact visuals give executives and management a real-time graphical depiction of key performance indicators (KPIs) across the entire business – an unprecedented tool that turns transaction data into instantaneous, accurate and actionable decision making information.
“Triple Point’s continued recognition with leading industry and technology awards has one common denominator: our unwavering company-wide commitment to delivering superior product technology and business results for our world-class customers,” said Mike Ravo, vice president, industry solutions, Triple Point Technology.
The 2007 CQIA prize is the latest in an extensive string of independent, third-party recognition of Triple Point’s market leadership in multi-commodity trading and risk management software technology. Triple Point recently has won the Gold Award for Excellence in Energy Technology based on an extensive industry vote conducted by Commodities Now magazine. It also has earned the top “User Choice—Trading and Portfolio Management” ranking and has been named “Software House of the Year” and “Top Software Package” by Energy Risk magazine. In addition, Triple Point has been named to the Deloitte Fast 50 for a record-breaking ten years in a row.
About CQIA
The Connecticut Quality Improvement Award Partnership is America’s first state level award to use the Malcolm Baldrige National Quality Award for Performance Excellence criteria. It was founded in 1987 to advance innovative programs that improve quality, performance excellence, and marketplace competitiveness.
About Triple Point Technology Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, biofuels and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a single, real-time, next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.
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In earning the 2007 CQIA award, Triple Point was recognized for major technological and business intelligence-related advances in its flagship Commodity XL™ trading and risk management software platform. Earlier this year, Triple Point released the platform’s latest version, Commodity XL 6.0. In ensuing independent lab testing, Commodity XL 6.0, already the highest performing commodity transaction and risk management software system (CTRM) in the world, demonstrated a five-times leap forward in performance.
Capable of processing more data faster than ever before, Commodity XL 6.0 can capture, make available, and manage every detail of a trade, schedule, counter-party contract and more at the lowest level of granularity. This record setting performance level enables the Triple Point solution to provide enterprise-wide functionality and granular decision support not available in competing systems.
In addition, Triple Point recently released its innovative Commodity XL Management Dashboard™, an add-on business intelligence module that mines vast amounts of trading, risk and supply chain data to provide unique, insightful analysis for better management decision making. Management Dashboard’s high-impact visuals give executives and management a real-time graphical depiction of key performance indicators (KPIs) across the entire business – an unprecedented tool that turns transaction data into instantaneous, accurate and actionable decision making information.
“Triple Point’s continued recognition with leading industry and technology awards has one common denominator: our unwavering company-wide commitment to delivering superior product technology and business results for our world-class customers,” said Mike Ravo, vice president, industry solutions, Triple Point Technology.
The 2007 CQIA prize is the latest in an extensive string of independent, third-party recognition of Triple Point’s market leadership in multi-commodity trading and risk management software technology. Triple Point recently has won the Gold Award for Excellence in Energy Technology based on an extensive industry vote conducted by Commodities Now magazine. It also has earned the top “User Choice—Trading and Portfolio Management” ranking and has been named “Software House of the Year” and “Top Software Package” by Energy Risk magazine. In addition, Triple Point has been named to the Deloitte Fast 50 for a record-breaking ten years in a row.
About CQIA
The Connecticut Quality Improvement Award Partnership is America’s first state level award to use the Malcolm Baldrige National Quality Award for Performance Excellence criteria. It was founded in 1987 to advance innovative programs that improve quality, performance excellence, and marketplace competitiveness.
About Triple Point Technology Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, biofuels and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a single, real-time, next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.
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Contact
Triple Point Technology, Inc
Wendy Eibsen
203.291.7979
www.tpt.com
Wendy Eibsen
203.291.7979
www.tpt.com
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