SOLARC'S RIGHTANGLE COMMODITY SUPPLY, TRADING AND RISK MANAGEMENT SOLUTION SCORES HIGH MARKS IN VENDOR ASSESSMENT REPORT

 

HOUSTON (June 30, 2009) - SolArc and its RightAngle solution have earned high scores in a report released by IDC Energy Insights. SolArc, founded in 1991, is a leading global provider of commodity supply, trading and risk management software solutions.

 

IDC Energy Insights provides research-based advisory and consulting services focused on market and technology developments in the Utilities industry. The report, Vendor Assessment: Industry Short List for Scheduling, Nominations and Settlement - Closing the Loop on Energy Deals, identifies the eight leading energy trading and risk management (ETRM) solutions relied on in the energy market. Of the scores of vendors serving this market, the report focused on just a few industry leaders, including SolArc.

 

Designed to help companies of all sizes in the energy market select the product that best suits their needs, the report looks at the leading eight vendors that provide scheduling, nominations, and settlement functionality. The report named SolArc among the top companies whose solutions deliver exceptional levels of performance, insight, and support for commodity trading and risk management.

 

"It would be impractical to evaluate every vendor, so we narrowed the field down to a short list that is representative of the energy industry, with the goal of highlighting characteristics that companies should actively seek � and avoid � when purchasing an ETRM solution," said Jill Feblowitz, lead analyst and Practice Director for Business Technology at IDC Energy Insights who authored the report.

 

During the research, IDC Energy Insights independently evaluated vendors and their offerings in two key areas: Fit to Market Needs and Ownership Confidence. SolArc received very high scores in both categories, and customers indicated they had a positive ownership experience.

 

"Today, companies trading energy are emphasizing physical delivery of energy as they seek to reduce costs and mitigate risk," according to IDC Energy Insights analyst Jill Feblowitz. "Vendors who can provide easy integration and in-depth logistics functionality that will help track and optimize delivery of physical energy from source (oil or gas well, power generation plant) to market (refinery, wholesale power or gas market, retail supplier, etc.) will serve the market well."

 

Brad Anderson, CEO of SolArc, said, "We are pleased with our very strong showing in this important ETRM vendor survey. IDC Energy Insights is well respected for their in-depth research, and the results of this report provide objective confirmation that our ongoing commitment to innovation, the development of unparalleled ETRM solutions, and the delivery of outstanding customer service and support are clearly making a difference for our customers around the world."

 

Copies of the report can be downloaded from the home page of the SolArc website at www.solarc.com for a limited time.

 

About SolArc
SolArc, Inc. is a global provider of enterprise commodity management solutions. SolArc's integrated software solution offers customers greater insight and control over their complex commodity supply, marketing and trading environments, delivering increased operational effectiveness and profitability at lower risk.

 

Since 1991, SolArc has become a trusted solution provider for an international clientele of more than 60 leading corporations across a range of vertical industries, including energy, aviation and transportation, banking and finance, agriculture and consumer goods. SolArc is headquartered in Houston and has offices in Dallas, Tulsa, London and Singapore.