Record ETRM Sales Kick Start 10th Anniversary Year At Aspect Enterprise Solutions
February 25, 2010
A year of record sales and profits during 2009 mark the start of 2010 – its 10th anniversary year – at software as a service (SaaS) trade and risk management solutions vendor Aspect Enterprise Solutions (AES). The company’s Web-based applications are used by energy and commodity dealers and others to manage deals, market information and supply chains in real time.
Four successive quarters of growth at the company saw profits up by more than 450% to $1.95M on the back of increased worldwide sales as oil companies, commodity trading houses, shippers and bunkering operators adopted AES’s SaaS solutions in preference to legacy alternatives. According to AES CEO Steve Hughes it is a trend set to continue through 2010 and beyond.
“A lean economy demands flexible solutions that can start small and grow as companies develop their business,” says Hughes. “The AES technology platform is the first in our sector to break with the enterprise software tradition and go with the SaaS model. Its perfect fit, rapid implementation and any-to-many scalability are in sharp contrast to the year-long project schedules, make-do business process integration and inability to scale of legacy systems.”
Among sales in 2009 was a major contract from a multinational group which chose Aspect Enterprise Solutions initially for its petroleum desk in London, then rolled it out in the US and the Far East before adding metals trading at the year end. Other signings included companies in Malaysia, SIngapore and Switzerland, together with 4 in the rapidly expanding West African market. There was also significant new business from bunkering companies in Asia and Germany.
During the year AES launched into the agricultural and metals commodities market and achieved an industry first with its real time market information application for the iPhone ®. Also first with solutions for PDA, Smartphone and Blackberry® devices, Aspect Enterprise Solutions is now the vendor with the most functional and complete mobile offering thanks largely to its flexible SaaS technology architecture.
“We’re going into 2010 with a very strong order book and with yet more new solutions due for release. As we celebrate our tenth anniversary year I’m confident we’ll build on the successes of 2009 and see the Aspect Enterprise Solutions SaaS architecture make still further inroads into energy and commodities markets worldwide.”
About Aspect Enterprise Solutions
Aspect Enterprise Solutions Enterprise Solutions provides enterprise class market information, trade and decision support tools for energy, metals and commodities professionals. The company delivers near real time position keeping, risk management, market prices and intelligence to users virtually anywhere, anytime. Trusted by over 500 corporations in more than 80 countries, the company’s solutions routinely support more than $10Bn of transactions every day. They go live quicker, fit more exactly and deliver greater ROI yet cost far less to implement than first generation offerings. See https://aspectenterprise.com for more information.
Aspect Enterprise Solutions
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