News & Events Overview
SoftSmiths in the News
Events
White Papers
 
 
 

RiskAdvisory Software Inc. and SoftSmiths, Inc: working together to DELIVER a broader solution for clients.

Calgary / Houston – October 15, 2001–Driven by joint customer demand, RiskAdvisory Software Inc. and SoftSmiths, Inc. have combined their expertise and software to supply the energy industry with a complete solution that covers trading, scheduling, risk management, settlement, and reporting operations. The seamless integration of RiskAdvisory’s Energy BookRunner® and SoftSmiths’ e-Merchant™ provides an end-to-end solution that covers the full spectrum of the power trading environment.

RiskAdvisory and SoftSmiths collectively cater to clients nationally as well as internationally. Together the companies provide a broader solution utilizing best of breed solutions for the energy sector. Products are developed using industry standards for reliability, portability and openness. Standard technologies used in the development include Oracle, Java, XML and C++, running on Windows NT and UNIX platforms.

Both companies focus on Customer Service as their guiding principle, and concentrate on successfully delivering solutions to the complex business challenges that their customers face in the competitive market environment.

SoftSmiths’ e-Merchant system, the industry's most complete Electricity Transaction Management System, is a compelling choice for Generation Owners, Power Marketers, Load Serving Entities, Transmission Customers, and Municipal Utilities that are seeking a reliable, scalable platform for business critical applications.

RiskAdvisory’s Energy BookRunner® has been developed by practicing risk management professionals and incorporates their accumulated experience in the energy and financial sectors. BookRunner® is a multi-commodity (gas, power and crude), multi-currency and full analytical tool which includes a simulation based earnings-at-risk model. This provides Energy Marketers as well as Utility Companies with the most practical and useable risk management tool in the energy industry.

"We are very pleased with this strategic relationship", said Hugo Stappers of SoftSmiths. "Today’s announcement represents RiskAdvisory and SoftSmiths’ commitment to provide our joint customers a one-stop source for the technology and expertise they need. It is this kind of integrated infrastructure that will accelerate the adoption and growth of solutions that lead the industry in rapid deployment of next generation transaction management systems."

"It is very exciting for us to be working with a company that shares many of the same philosophies as we do. Together we will be providing a best of breed solution that meets clients full trading, scheduling and risk management needs," said Brian Nicholson of RiskAdvisory.

Visit both companies at Power Mart 2001 in Houston Texas, October 16-17.

About SoftSmiths

SoftSmiths, Inc. is a Texas-based, privately held corporation. The company has been successfully delivering e-business solutions to energy-service companies since commencing commercial operations in January 1997.

SoftSmiths is a leading provider of business-critical Transaction Management Systems and services to the energy industry. SoftSmiths products are designed to address increased customer and transaction volumes, yielding increased operational efficiencies, thereby enabling our customers to profitably operate in the competitive marketplace.

SoftSmiths' highly differentiated position in the market is a result of its in-depth knowledge of the industry’s business practices, having the broadest product development strategy and using its intellectual property and consulting service to meet customers’ competitive business requirements.

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

For more information, contact SoftSmiths by sending e-mail to mkt@softsmiths.com, visiting the web site at http://www.softsmiths.com, or calling 713-626-9184.

About RiskAdvisory

RiskAdvisory is a Calgary, Canada-based consulting and software firm providing the energy industry with specialized financial risk management advisory and software services since 1995. Energy BookRunner® was developed as a risk management software solution targeted towards the energy sector, and has maintained its market share through consistent and efficient customer service.

With its unique Monte Carlo Earnings-at-Risk simulation, RiskAdvisory can provide solutions to Electric Utilities with generation assets as well as supplying systems to Energy Marketers in gas or power. The full complement of risk tools that RiskAdvisory provides is backed by industry experts, meaning that Energy BookRunner® is always current with industry requirements and remains a very practical and usable solution.
RiskAdvisory Software Inc.
Brian Nicholson
Phone: (403) 263-7475 ext-227
Fax: (403) 263-2945
Email: bnicholson@riskadvisory.com
610, 1414 8th Street SW
Calgary, Alberta, Canada, T1Y 1J6
www.riskadvisory.com
Softsmiths Inc.
Hugo Stappers
Phone: (713) 626-9184
Fax: (713) 626-0186
Email: mkt@softsmiths.com
4605 Post Oak Place, Suite 105
Houston TX, USA, 77027
www.softsmiths.com

 



© SoftSmiths 1997-2012 - All Rights Reserved. Legal/Privacy


NEWS RELEASES

Would you like to know more ?
Click here to read answers to our frequently asked questions.

Request a customized consultation and demonstration of the SoftSmiths solutions with one of our experts