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Verde Energy Selects SoftSmiths TMS for 3 ISOs

Houston, TX. – December 9, 2013 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that Verde Energy USA, a leading independent retail power supplier and energy solutions provider, selected SoftSmiths TMS to manage and streamline ISO market settlement in PJM, ISONE and NYISO.

Verde Energy USA, headquartered in Norwalk, Connecticut, is focused on the residential and small to mid-size commercial power markets. Through Verde Energy Solutions, its wholly-owned subsidiary, Verde aims to broaden and accelerate the adoption of state-of-the-art clean energy technologies. Verde Energy USA has grown substantially since its market launch in November 2009, and now services Connecticut, New Jersey, Pennsylvania, Illinois, Ohio, New York, Massachusetts, and Maryland markets.

SoftSmiths TMS - Markets, provides a multi-ISO market solution that is based on a single platform delivering the same navigation and look 'n feel across markets. SoftSmiths Market is self-supporting solution that includes the machine-to-machine communication interfaces to connect with the ISOs and automatically downloads and processes the ISO settlement statements/reports and invoices. User friendly displays, filtering and drill-down capabilities provide users unparalleled functionality to perform settlement verification and reconciliation, shadow settlement, ISO invoice review, and support for dispute management.

With SoftSmiths industry-leading e-Link Web-services API, customers can establish integration with 3rd party systems, including spreadsheets, as well as retrieving data from the SoftSmiths’ application for external reporting purposes.

Verde Energy, took advantage of SoftSmiths’ Software-as-a-Service (SaaS) delivery model, a web-based environment that helps to simply implementation, accelerate time-to-value, and gain ongoing processing efficiencies, while requiring minimal IT support

"ISO/RTO market participants continue to turn to SoftSmiths for our compelling and easy-to-use suite of SaaS applications that only SoftSmiths can deliver”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths, Inc. “We are excited about this selection and will continue to innovate and support the needs of load serving entities like Verde Energy USA, with integrated and scalable solutions across multiple markets.”

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 applications process more than 75 billion kilowatt hours per year for its clients in North America. 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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