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Freepoint Commodities Adds SoftSmiths TMS for ISO New England

Houston, TX. – August 1, 2012 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Freepoint Commodities, LLC has selected SoftSmiths TMS for ISONE to support its wholesale power settlement operations in the ISO New England market.

Founded by former Sempra Energy Trading executives, Freepoint Commodities is a physical commodity merchant based in Stamford, CT. Freepoint trades North American and European Natural Gas and Power, Global Oil and Oil Products, Coal, Emissions, and Metals and Metal Concentrates. In addition to marketing and trading, Freepoint provides physical supply services and risk management products for customers. Today, Freepoint has more than 200 employees in U.S. offices in Stamford, Denver, Houston, Louisville, and Boise, and international offices in London, Toronto, and Zug.

To support its participation in the ISO New England market, Freepoint, took advantage of SoftSmiths’ Software-as-a-Service (SaaS) delivery model, a web-based environment that helps to simply implementation, accelerate time-to-market, and gain ongoing processing efficiencies, while requiring minimal IT support.

SoftSmiths TMS for ISONE provides ISO New England market participants the bid/offer/schedule submission and settlement functionality to automatically submit trade information to the ISO and identify discrepancies in ISO charges and review ISO invoices, thereby reducing reconciliation activities. Its easy-to-use User Interfaces with powerful drill-down capabilities allow for quick user adoption and training across different disciplines.
With SoftSmiths industry leading e-Link Application Programming Interface (API), seamless integration with Energy Trading and Scheduling systems can be established.

"SoftSmiths TMS for ISO Markets provides a fully fleshed-out comprehensive value proposition that makes it stand apart from other offerings for North American ISO/RTO markets," said Hugo Stappers at SoftSmiths. "By expanding the SoftSmiths ISO functionality to the ISONE, Freepoint is gaining a valuable and accessible platform to help them optimize operations and equip its trading staff with the level of efficiency that drive better results. We are very pleased with Freepoint selection and look forward to supporting their New England ISO operations.”

About SoftSmiths

SoftSmiths, Inc. is a leader in enterprise-class, Software-as-a-Service (SaaS) solutions for energy businesses, combining a lower cost of ownership with an innovative approach to business applications. SoftSmiths delivers energy trading, operations, and settlement solutions designed for today's energy marketing and load serving organizations and the way they conduct their business. Delivered in the cloud leveraging a modern technology platform, SoftSmiths offers a fresh alternative to legacy ETRM systems. Visit us at http://www.softsmiths.com.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

 



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