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Allegro Recaps 2015 Accomplishments and Plans for 2016Allegro Development Corporation, a leading provider of commodity management software, announced today its fiscal results for 2015, reporting double digit revenue and profitability growth over 2014. The growth was fueled by the addition of 20 new logo accounts and 25 installations spanning global commodity markets, including major players transacting business in the commodities of power, gas, crude, natural gas liquids, chemicals and agricultural products. "2015 was a transformational year for Allegro focused on hiring the right executive talent and implementing the right processes to scale," said David Fishman (News - Alert), Managing Director of Vector Capital and Allegro Board Member. "With a seasoned executive team now in place and re-energized product strategy, 2016 will prove to be another banner year for Allegro." In May, the Board of Directors appointed Frank Brienzi as Chief Executive Officer. The appointment headed a list of six other leadership announcements, including Jon McCabe as Chief Financial Officer, Keith Farris as Chief Technology Officer, Mark Crosno as Vice President of Americas Sales, Steve Nat as Vice President of Product Strategy, Joachim Koch as Vice President over Sales Operations and Strategic Alliances and Rod Fomby as Senior Vice President of Global Services. Also, in June, the company acquired JustCommodity, a Singapore-based agriculture commodities solution provider, adding significant domain expertise in that market sector. Former JustCommodity Chief Executive Officer, Joel Lou, joined the Allegro executive team as Managing Director for Agriculture Commodities. "Our work in 2015 sets the stage for a new Allegro, as we continue to develop a wrld-class brand that resonates with our customers, partners, employees and industry," said Frank Brienzi, Allegro CEO. "Our plans for 2016 and beyond include a new product configuration called Allegro Horizon, which embodies the progressive, global qualities and will provide visibility across the entire commodity management lifecycle." Allegro Horizon officially launched in January 2016 and represents an integrated system of industry-specific features and functions designed to drive profitability through risk mitigation, financial controls and improved compliance reporting. In addition, Allegro also highlighted the following accomplishments and accolades as part of its 2015 success story:
"Looking forward, we will focus on delivering Allegro Horizon to our core market, strengthening our new business efforts in the Americas, EMEA and APAC, and building customer references through enhanced value across our customer base," said Mr. Brienzi. "The pieces are in place to make 2016 a banner year for Allegro." About Allegro Allegro develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Shanghai, Singapore, Sydney and Zurich, with a global ecosystem of partners.
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