| Dallas 30 May 2008
Kanawha River Terminals LLC has chosen Allegro, a provider of energy trading and risk management (ETRM) solutions, to enhance the transparency, optimization and accounting of their coal terminals including storage, trading and delivery of coal. Kanawha River Terminals will use Allegro solutions to manage several critical business processes, including contracts, inventory, logistics, settlement and general ledger functions for multiple terminal sites.
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"Kanawha quickly realized that Allegro's software solutions would best address the accounting and physical tracking needs surrounding our energy assets. We are confident that the benefits of their enterprise wide solution, coupled with an unmatched ability to deliver in a timely and cost-effective manner will help Kanawha reach our business goals", stated Bill Traywick, CFO for Kanawha River Terminals. "We anticipate real growth in the coming years, and know that Allegro's easily scalable solution will expand as we grow."
Kanawha River Terminals was purchased in 2008 by an investor group consisting of Traxys North America LLC, Pegasus Capital Advisors, L.P., Kelso & Company, Resource Capital Funds, and Edgewood Holdings LLC. Since the acquisition, KRT has successfully turned its focus from synfuel to promoting its unique blending capabilities, while expanding its already considerable throughput capacity.
The implementation of Allegro's energy trading software solutions will improve Kanawha River Terminal LLC's ability to effectively manage their coal terminals, energy assets, and physical and financial positions. As demonstrated by their choice of Allegro solutions for their energy trading and transaction needs, Kanawha River Terminals LLC continues to focus on maximizing their business potential and meeting the evolving needs of its customers.
"Allegro's single platform provides Kanawha River Terminals straight through processing with a single point of data entry, excellent drill down capability, and internal controls and audit trails that will enhance the overall flexibility of KRT's daily operations", stated Allegro SVP of Global Sales and Alliances, Kyle Bowker. "We are extremely pleased that we are able to meet Kanawha's business software needs and anticipate a lasting relationship between these two growing companies."
Allegro provides transparency and efficiencies across the front, middle, and back offices, by leveraging advanced technologies like Service-Oriented Architecture (SOA), Grid computing, .NET, and Web Services.
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