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Freepoint Commodities Selects SoftSmiths TMS for CAISO Operations

Houston, TX. – November 15, 2011 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Freepoint Commodities, LLC has selected SoftSmiths TMS for CAISO to support its wholesale power settlement operations in the California ISO market.

Freepoint Commodities is a startup energy trading company with over $300 million in equity capital and a strong management team with a proven track record in the energy trading market. The company expects to be a top trader and marketer of natural gas and power in North America.

"To be ready for participation in the CAISO Convergence Bidding, 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 CAISO provides California ISO market participants the bid/offer/schedule submission and settlement functionality to automatically submit trade information to CAISO and identify discrepancies in CAISO 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 TMS for CAISO by Freepoint Commodities,” said Larry Stone, Director of Product Development at SoftSmiths. “We look forward working closely with them to support their entry in the California ISO market.”

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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