Commodities Trade And Risk Management Customer Base Grows by 30%
London, February 15, 2012 - A rush of new sales for its commodity trade and risk management solutions made 2011 another record year of growth in software revenues for CTRM/ETRM vendor Aspect Enterprise Solutions. The company's Software-as-a-Service (SaaS), delivered in the Cloud applications are used by energy and commodity professionals to manage deals and market information together with supply chains and storage, all in real time.
During 2011, Aspect signed major deals with companies across the globe increasing its flagship AspectCTRM customer base by 30%. The new signings include a state-owned gas company, a key UK road fuels supplier and an $8.5Bn petrochemicals group.
Paralleling this success, sales of Aspect's multi-commodity market information and decision support portal, AspectDSC, grew by 12% during the same period, the result of both new signings and further business from established accounts. Key new customers include a large trading group operating in Russia, and one of the largest multi-commodity trading companies in the world headquartered in Switzerland. Aspect's mobile real-time futures and trade support solution for iPhone, iPad, Blackberry, Android and other devices, was a key driver. Aspect also grew subscriptions for AspectDSC Metals, and signed its first AspectCTRM Metals customer for trade and risk management of its metals and steel buy/sell activities.
Aspect's strategic vision for customers moving easily from one product to the next to leverage increasing functionality with no technology interruption also proved compelling in 2011. Customers are expanding usage and evolving with Aspect's solution set beginning with AspectDSC to AspectCTRM Lite, then subsequently to Standard and Enterprise Editions. This path provides users with a familiar technology environment and comfortable adoption process that meets changing and growing business requirements. To view Aspect's solutions and subscription prices, visit http://www.aspectenterprise.com/solutions/editions_pricing.php.
And despite a continuing difficult global economy the company is confident of improving on this performance through 2012 according to its CEO Steve Hughes. "2011 saw us win more new CTRM deals than in any other year so far, beating hands down our own previous record and that of our competition.
"We can be bullish about 2012 because we have little or no real competition in the burgeoning mid market where other vendors' hands are tied by legacy architectures, long custom implementations and premium pricing. Conversely Aspect's off-the-shelf solutions are built from the ground up for the Web, go-live in a few days and - in a challenging economy - offer transparent, per-month pricing and scale to match customers' own business plans."
Also helping drive the company forward in 2012 will be ongoing developments for physical operations management integrated with CTRM, together with the incorporation of industry best practice through on-screen graphic workbenches.
"We're going into 2012 with a strong order book and a family of solutions that's right for the market and right for the business climate," says Hughes. "Couple this with plans to strengthen our sales teams in the US, Europe and the Far East and I have every confidence we'll be finishing the year with yet another record performance."
About Aspect Enterprise Solutions
Aspect Enterprise Solutions is a leading global provider of Web-based, multi-commodity trading, risk management and data analysis applications with almost 500 customers and thousands of users in 90 countries. The Aspect family is the only integrated, all-in-one platform delivered as Software-as-a-Service (SaaS) in the Cloud, which enables rapid deployment, controlled costs and immediate ROI. Applications include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It's available in three editions: Lite, Standard and Enterprise, seamlessly expanding in functionality according to the needs and budgets of clients. AspectDSC is the decision support center for traders offering oil, metals and agricultural market news, prices, futures and analytical tools on desktops and mobile devices including Apple® iPhone® and iPad®, and BlackBerry. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.