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SoftSmiths Announces Latest Release of California ISO market interface

Houston, TX. – May 05, 2005 –  SoftSmiths, Inc announced today that is has released its latest version of SoftSmiths Markets-CAISO. By leveraging its highly flexible and configurable platform that facilitates quick changes, SoftSmiths Markets-CAISO now incorporates the most recent feedback from market participants to even more effectively interact with the California Independent System Operator (CAISO). 

SoftSmiths Markets-CAISO is a member of the SoftSmiths Market suite of applications. SoftSmiths’ ISO/RTO market participant solutions allow energy companies to interact with Independent System Operators (ISO) and Regional Transmission Organizations (RTO). The SoftSmiths Markets applications deliver the functionality for bids/offers, scheduling, and settlement activities to enable market participants to submit plans, offer generation, schedule energy, and manage settlements.

“SoftSmiths Markets has been very well received by the market place”, said Larry Stone, Director of Product Development at SoftSmiths. “Specifically, our engagements with CAISO market participants showed us that the restructuring efforts pose quite a challenge to them, and they therefore welcome the architectural design of SoftSmiths Markets to quickly and easily navigate the changes." 

SoftSmiths Market-CAISO offers functionality to fully participate in Day-Ahead, Hour-Ahead and Real-Time Markets. Further, it offers comprehensive settlement functionality, including shadow settlement, verification and reconciliation, and dispute management.

SoftSmiths closely follows and actively participates in the California Market Redesign & Technology Upgrade (MRTU) activities, as well as the ongoing Phase 1B activities, to ensure its solutions stay up-to-date with market changes.

About SoftSmiths

SoftSmiths is a leading provider of proven business critical Transaction Management Systems and services for Load Serving Entities, Generation Production Entities, Purchasing Selling Entities, and Transmission Providers who operate in physical markets to sell, purchase, trade, and deliver energy in the most efficient and cost- effective way. SoftSmiths’ seamlessly integrated, scalable, and adaptable solutions provide ready-to-deploy, out-of-the-box functionality that is highly configurable and customizable to meet companies' unique needs. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

SoftSmiths is a registered trademark of SoftSmiths, Inc.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186

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