Press Releases
SunGard Named Top Vendor in 2009 Energy Risk Software Rankings
April 20, 2009 — Houston, TX
SunGard has been named as the top vendor in
Energy Risk’s 2009 Software Rankings, specifically in the operational risk, risk metrics, trade execution and best customer service categories. SunGard also placed among the top three in 15 of the 19 categories.
The
Energy Risk annual survey assesses software companies based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools.
Energy Risk’s Software Rankings are determined by readers and professionals throughout the industry, who must write in the name of vendors for each category rather than choose from an existing list of vendors. The magazine received between 13 and 19 different vendor names for each category, and rankings were determined by the percentage of votes each vendor received.
Stella Farrington, editor of
Energy Risk magazine, said, “SunGard scored consistently highly throughout the survey, showing that its customers are happy with both its current technological offerings, knowledge of the markets and customer service.”
Ben Jackson, chief operating officer of SunGard’s Kiodex business unit, said, “SunGard helps corporations, banks, and hedge funds transform their risk into advantage by helping them accurately price commodity trades, design optimal hedging strategies, improve price execution and portfolio valuation, and comply with accounting best practices (FAS 133, FAS 157 and Sarbanes Oxley). For our corporate customers, SunGard helps minimize the impact of volatile commodity prices on their earnings and help generate execution savings.”
Matt Mandalinci, president of SunGard’s energy business, said, “SunGard’s energy solutions help financial services institutions, industrial and energy companies to efficiently compete by streamlining and integrating the trading, risk management and operations of physical commodities and their associated financial instruments. Our energy solutions provide information to anticipate, evaluate and adapt in today’s rapidly changing global energy sector.”
SunGard’s energy solutions provide front- to back-office support for capturing deals and delivering market data for valuation; clearing and reconciling transactions, as well as transaction invoicing and accounting; analyzing and managing transaction and portfolio risk; facilitating physical transmission or delivery of commodities; and supporting the logistics and inventory of fuels used in producing power and industrial products. SunGard’s Kiodex helps companies manage exposure to commodity and energy price risk and improve operational risk. Delivered as Software-as-a-Service* (SaaS) solution, SunGard’s Kiodex is a Web-based commodity trading and risk management solution that integrates trade capture, valuation models, risk measurement, financial reporting and independent market data.
About SunGardSunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 472 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at
www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker
http://www.datamonitor.comTrademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.