Allegro Development Corporation, a leading provider of commodity management software, announced today that Energy Risk Magazine’s editorial board selected Allegro as the Commodity Trading and Risk Management Software House of the Year in its 2016 awards, based on an evaluation of brand awareness, product innovation, ease of use, customer satisfaction and software delivery and support.

This year's award caps Allegro's 2015 campaign, highlighted by double-digit revenue and profitability over the previous year, 20 new logo accounts added to the global customer roster, and the introduction of Allegro Horizon, a new software platform configured by products aligned to trade desks by commodity for visibility and risk management across the entire commodity transaction lifecycle.

Alexander Osipovich, Editor, Energy Risk

“Energy Risk reserves the CTRM Software House of the Year award for the one vendor who demonstrates innovative, forward thinking in the design and delivery of their products and services. Allegro’s new Horizon product and vertical market focus make its products more relevant to today’s market than ever and render Allegro a very deserving recipient of this year’s award.”

Frank Brienzi, CEO, Allegro Development Corporation

“Allegro has been the market leader for over 30 years, and receiving the Energy Risk Software House of the Year award is validation that our vision and products continue that leadership. As more customers choose to reduce risk and improve returns by streamlining their commodity management processes, Allegro provides the most comprehensive, extensible and easiest to use solution. To us, this is an important honor that challenges us to continually innovate and deliver for our customers, especially in these volatile times.”