Evonik Trading Selects Co-Developed Triple Point and SAP Solution to Support Coal, Freight and Emissions Trading

Triple Point continues rapid European expansion as German company licenses co-developed solution

LONDON--(EON: Enhanced Online News)--Triple Point Technology^®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Evonik Trading GmbH, Essen/Germany, has selected Commodity Management™, the joint Triple Point and SAP trading, risk and operations software platform, to manage price volatility in coal, freight and carbon markets. Evonik Trading marks the first Germany-based organization to license the SAP-endorsed business solution which pre-integrates SAP’s ERP^® system and Triple Point’s Commodity SL™.

“Triple Point continues to experience rapid expansion across geographies and commodities due to its breadth and depth of offerings – including its unique co-developed and fully integrated solution with SAP”

The ground-breaking collaboration between Triple Point and SAP to develop a fully integrated software platform for trading and risk has quickly proven its market value since launching in January 2008. Commodity Management integrates at technical, master data and business process levels. This ensures that when a trade is entered, the relevant documents in SAP ERP are created automatically, reducing data errors and reconciliation. Commodity Management has been selected by companies around the globe including CITGO, ABB Grain, Engen Petroleum and Imperium Renewables.

Evonik Trading GmbH, a subsidiary of Evonik Industries AG, sources coal both domestically and internationally including South America, Australia and South Africa. Evonik Industries is an international industrial group that holds top positions in the Chemicals, Energy and Real Estate Business Areas. About 43,000 employees generated sales of about €14.4B in fiscal year 2007 and manage activities in a 100+ countries around the world.

Evonik Trading required a system that provided the reporting capability to perform profit and risk analysis as prices of coal, freight and emissions fluctuated. Commodity Management provides the company with up-to-the-minute visibility into its positions, on a single screen. This comprehensive view provides Evonik Trading with the business intelligence it requires to protect supply chain margins and proactively manage risk.

“Triple Point continues to experience rapid expansion across geographies and commodities due to its breadth and depth of offerings – including its unique co-developed and fully integrated solution with SAP,” said Michael Schwartz, chief marketing officer, Triple Point. “Our commitment to provide the industry’s most comprehensive commodity trading, risk and operations solution resonates with multi-market commodity companies around the world. Triple Point’s recent European customers include Nidera, SOCAR, RWE, Klesch & Co. and Electrabel.”

Commodity Management utilizes best-of-breed components from both companies – Triple Point’s SAP-endorsed Commodity SL™ and the SAP^® ERP application – and optimizes profits across the commodities supply chain. The tightly integrated software is fully tested by SAP, eliminating the need for custom integration. It also delivers a common maintenance program and technology platform, providing the highest value at the least risk. Commodity SL seamlessly integrates Triple Point’s real-time, market-based portfolio and enterprise risk management capability with SAP’s advanced logistical and accounting solutions to deliver cutting-edge application functionality and decision support.

About Triple Point Technology

Triple Point Technology^® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point’s Commodity XL™ profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com.