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Texas Power Chooses SoftSmiths

Houston, TX. – August 12, 2009 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Texas Power, a retail electricity provider (REP) serving all deregulated electricity areas in Texas, selected SoftSmiths ERCOT Forecaster, a Software-as-a-Services (SaaS) forecasting application for ERCOT REPs.

Headquartered in Arlington, Texas, Texas Power services roughly 20,000 residential electricity customers, as well as small, medium and large commercial accounts. The SoftSmiths ERCOT Forecasting services will help Texas Power streamline the forecast process and reduce the time spent on data gathering, analysis and administration, thereby improving efficiency and accuracy. 

Based on SoftSmiths’ proven SoftSmiths Market-ERCOT platform, SoftSmiths ERCOT Forecaster is an easy-to-use Software-as-a-Services (SaaS) forecasting application that enables REPs to automatically download and present ERCOT Forecast and Backcast information in user-ready format. Users can compare Forecast and Backcast data with settlement level load extracts. SoftSmiths ERCOT Forecaster allows users to set up ‘What If’ scenarios based on different customer profile counts and export data into Microsoft Excel for additional analysis. 

SoftSmiths’ Software-as-a-Services (SaaS) delivery model provides an automated, web-based environment that helps customers to simplify implementation, accelerate time-to-market and gain ongoing processing efficiencies, while requiring minimal IT support.

"SoftSmiths ERCOT Forecaster offers a compelling solution to ERCOT REPs by providing an affordable and easy-to-use service that automates this tedious and critical forecasting process.” said Hugo Stappers, Director of Sales and Marketing at SoftSmiths, Inc. "Accessed through Internet Explorer browser, the Forecaster provides energy forecasters the information they need at their finger-tips in an automated fashion”.

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. 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. 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


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