4th January 2016, London: Brady plc (BRY.L), the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today the acquisition of energycredit from Temenos. energycredit provides specialised domain expertise in credit risk to the energy and commodity markets with offices in the UK, US and India, serving energy customers representing some of the world’s largest utilities, producers and trading firms. “I’m thrilled to announce the acquisition of energycredit; it aligns perfectly to our growth strategy of acquiring complementary functionality to enhance our offering, enabling customers to have a single provider for their complete energy and commodity trading software requirements,” said Gavin Lavelle, CEO of Brady plc. “energycredit has a proven track record of success in credit risk management, having received Energy Risk’s award for credit risk solution of the year for 8 of the past 10 years. energycredit brings to Brady a highly skilled team that understands the nuances of this increasingly crucial element of commodity risk management. By combining Brady’s knowledge and expertise in the commodity risk management space with energycredit’s platform and expertise and relationships in the credit space, we will extend the functionality into the wider commodity asset
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Source: CTRM Center