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West Oaks Energy Selects SoftSmiths Market-ERCOT

Houston, TX. – November 3, 2010 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that announced that West Oaks Energy, LP has selected SoftSmiths Market-ERCOT to streamline its wholesale power trading and settlement operations in the ERCOT market.

West Oaks Energy, LP, is a privately held provider of proprietary liquidity to financial and physical markets within various ISO and RTO electricity markets in the United States.

SoftSmiths' customers successfully participated in ERCOT’s Nodal market trials and operate the system daily as the go-live date of December 1 approaches. West Oaks Energy is taking 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 Market-ERCOT provides ERCOT market participants the bid/offer/schedule submission and settlement functionality to automatically submit trade information to ERCOT and identify discrepancies in ERCOT charges, thereby reducing reconciliation activities. With SoftSmiths e-Link Application Programming Interface (API), seamless integration with Energy Trading and Scheduling systems can be established.

“We are very pleased with the selection of SoftSmiths Market-ERCOT by West Oaks Energy,” said Hugo Stappers, Director of Sales and Marketing at SoftSmiths. “We look forward working closely with West Oaks Energy to support their entry in the ERCOT Nodal market.”

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
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

 



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