VuePoint Solutions, a leading energy specialist software and services provider, announced today that it had acquired Energy Alert, a provider of energy trading risk management (ETRM) services to major energy consumers.
Energy Alert provides a professional, cost effective and best practice energy purchasing and risk management solution for efficiently and effectively implementing flexible utility procurement strategies.
Mark Taylor, MD of VuePoint Solutions said “The VuePoint range of services is designed to enable you to make quicker, better informed decisions, allowing you to optimise your positions and portfolios and to stay ahead of the competition. By Incorporating Energy Alert’s extensive trading and risk management experience in UK gas and power markets and provision of additional broker data, we can help to further improve the utility procurement performance of our customers. Bringing together the two companies, coupled with the launch of our services on Thomson Reuters Eikon means we are able to provide a holistic capability that we believe is unrivalled in this market space.
Commenting on the acquisition Mike Coulten, MD of Energy Alert said “The synergy between our solutions and our customer base meant that by bringing together our two market leading applications our users will be able to get the best of both products from a single solution. Energy Alert customers will also benefit from the skills depth, rapid development capabilities and leading edge technologies that VuePoint can deliver. We are excited at this opportunity to drive forward and deliver a capability that continues to knock the socks off our competitors.”
VuePoint Solutions is an energy specialist software and services provider, trusted by some of the industry’s leading names. VuePoint delivers high-quality Software Engineering Consultancy, Enterprise Software Solutions, Bespoke Software Services and Dedicated Support. VuePoint’s services include Market VuePoint, the market leader in UK energy balancing and trading decision support, and Energy Risk VuePoint, a flexible and scalable energy procurement risk management service. VuePoint was founded from the Management Buyout of a Software Engineering and Energy Trading Support company and has continued to build on this heritage to further focus, refine and enhance its services and products and is looking for additional opportunities to both grow organically and through further acquisitions.
Energy Alert was founded in 2005 to provide a professional, cost-effective and best practice risk management solution for efficiently and effectively implementing flexible utility procurement strategies. Energy Alert has grown to provide its market-leading energy purchasing and risk management application ALERT to many of the UK’s largest energy consumers.
Our team includes energy market consultants who have over 50 years of energy market experience between them, working with many of Europe’s largest energy suppliers and consumers. Our specialist expertise includes all facets of energy risk management, procurement and trading.