SunGard Named Top Vendor in 2010 Energy Risk Software Survey Rankings

HOUSTON, March 9 /PRNewswire/ -- SunGard has been named as the top vendor for market risk in the power sector in Energy Risk's 2010 Software Survey Rankings.  SunGard also placed among the top five vendors for ease of use, modeling, risk metrics, trade capture, data integration, customer service, and market risk in the gas sector, as well as best product coverage and best overall trading and risk management (TRM) platform.  

The Energy Risk annual survey assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools.  End users from banks, energy trading companies, oil/gas houses, hedge funds, brokerage houses, utilities, and energy producers voted to select the best software vendors in the energy industry.  Energy Risk's Software Rankings are determined by readers and professionals throughout the industry, who must write in the name of vendors for each category rather than choose from an existing list of vendors.  The magazine received between 10 and 24 different vendor names for each category, and rankings were determined by the percentage of votes each vendor received.

Stella Farrington, editor of Energy Risk magazine, said, "For the second consecutive year, SunGard scored consistently high in several categories, which demonstrates that its customers continue to be pleased with SunGard's current technology solutions for energy risk management and trading, as well as its knowledge of the energy markets and customer service."

Ben Jackson, senior executive vice president for SunGard's energy and commodities business, said, "SunGard's energy solutions help energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk and optimize operational and financial decisions.  We continue to deliver innovative solutions that leverage service-oriented architecture based frameworks that integrate trading, risk and control, credit, fuels procurement, emissions compliance, back-office, treasury and finance for straight-through processing of commodity transactions."

About SunGard Energy and Commodities

SunGard's energy and commodities solutions help energy companies, corporate hedgers, hedge funds and financial services firms to compete efficiently in global energy and commodities markets by streamlining and integrating the trading, risk management and operations of physical commodities and their associated financial instruments. Through real-time data, connectivity and analysis, the solutions help customers achieve transparency and regulatory compliance in fast-moving energy and commodity markets.  SunGard's energy and commodities solutions address end-to-end transaction and operational lifecycles with flexible deployment options to meet time-to-market needs. For more information: visit www.sungard.com/energyandcommodities.

About SunGard

SunGard is one of the world's leading software and IT services companies.  SunGard serves more than 25,000 customers in more than 70 countries.  

SunGard provides software and processing solutions for financial services, higher education and the public sector.  SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.

With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times.  For more information, please visit SunGard at www.sungard.com.

*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com

Trademark Information:  SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries.  All other trade names are trademarks or registered trademarks of their respective holders.

SOURCE SunGard

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED