Amphora Broadens into Gas and Power with the Acquisition of Affinity ETRM Suite
Amphora, Inc., Energy Risk’s ETRM software house of the year in 2011, announces the addition of the Affinity Gas and Power ETRM suite to its portfolio of products.
The Affinity suite, acquired from Société Générale, has a well-proven track record as a high-quality platform for the trading, scheduling and settlement of gas and power instruments. The software also provides users with advanced risk and reporting features.
“This represents a significant broadening of Amphora’s offer to our customers,” said David Newton, CEO and President of Amphora. “Affinity has a highly-respected reputation, gained across its years of development at Sempra, RBS and Société Générale, and we are delighted to have acquired such a valuable asset.” Newton goes on to say, “This acquisition allows us to bring a state-of-the-art capability to the gas and power market that is comparable to our deep functional capability in the liquid hydrocarbon market.”
The Affinity suite contains class-leading components, including trade capture, trader tools, gas and power scheduling, confirmations, settlement, credit, full position, profit/loss, and extensive business intelligence tools.
“Amphora has an unrivalled reputation for delivering on its promises and getting the numbers right, and with this exciting acquisition we are now able to replicate this success with gas, power and other asset class customers,” Newton added.
Amphora is delighted to establish a presence in Stamford, Connecticut and welcomes to its team a number of professionals who were involved in the design, development, implementation and support of the Affinity suite.