Allegro Acquires JustCommodity for Global Expansion in Commodity Markets

Complementary Solutions Join Forces to Deliver Robust Commodity Management Offering BARCELONA, Spain, June 17, 2015 – Allegro Development Corporation, a leading provider of commodity management software, today announced the acquisition of JustCommodity, a Singapore-based agriculture commodities solution provider. JustCommodity provides specialized domain expertise in agriculture commodities with 80 employees in Asia and its CxC™ product for trading and risk management. CxC™ serves over 30 customers in Asia representing some of the world’s largest trading firms, including Forbes Global 2000 and Fortune 500 Companies. “I’m thrilled to announce the acquisition of JustCommodity, it perfectly aligns to our growth strategy in Asia and our vision to move into adjacent markets beyond traditional energy commodities, said Frank Brienzi, Allegro, Chief Executive Officer. “JustCommodity has a proven track record of success in agriculture commodities, and a seasoned leadership team that understands the nuances of successfully navigating Asian markets. The combined offering creates the most robust commodity management solution available today with the widest global reach.” The acquisition elevates Allegro as a global commodity management powerhouse, with its solidified market position in power, utilities and oil markets. Combined, the companies will create more innovative solutions through a collaborative go-to-market strategy and two development centers located … continue reading

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Source: CTRM Center

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