Westport, 19 January 2010

Triple Point Technology, a leading provider of multi-market commodity and enterprise risk management software solutions, announced today that it has acquired Enerbility Software GmbH. The acquisition extends Triple Point's straight-through processing capability to connect European energy traders with suppliers and customers from trade execution to cash settlement. The automation of the end-to-end business process dramatically reduces information delays and improves data accuracy between organizations. Failure to automate the transaction process, including electronic confirmation matching, opens tremendous room for inefficiencies and error. A 2008 ISDA study notes that, on average, it takes three days for commodity trade confirmations to be agreed to by counterparties. Additionally, the ISDA study found that 8% of all commodity transaction records contained errors. That's three days of inaccurate position and exposure information feeding risk management decisions.

Through the acquisition, Triple Point provides European power and gas utilities and traders with a system to automate trade confirmation matching, all in accordance with standards set by the European Federation of Energy Traders ( EFET). The electronic matching system confirms commodity OTC transactions in real time, greatly reducing operational risk.

"Commodity XL was built around the operational benefits of straight-through processing (STP). In recent years, Triple Point expanded this product pillar and extended STP to external entities including exchanges, data providers, and partners such as SAP," said Michael Schwartz, chief marketing officer, Triple Point. "With the acquisition of Enerbility, we further advance our strategic product roadmap by providing STP between counterparties. Triple Point's ability to provide its customers with the infrastructure and systems to truly control and reduce operational risk is unmatched."

All employees of Enerbility, including the founders, have joined Triple Point. In addition to driving product advancement and accelerating customer adoption of the solution set, the Enerbility team adds leading subject matter expertise in the European power and gas markets.

"Triple Point experienced tremendous growth in the European region over the last two years, including over 70% growth in revenue, a 100% increase in staff, and the opening of new offices in London, Vienna, and Geneva," said Peter F. Armstrong, president and CEO, Triple Point. "The acquisition of Enerbility is another pivotal milestone in our strategy to serve European customers as the energy industry in Europe continues to evolve. Triple Point is well-positioned in local expertise and product breadth to provide the cutting-edge solutions required to succeed in fast-moving and complex European energy markets."

Enerbility was founded in 2004 and is the pioneer of automating back-office processes in the energy trading industry. Based in Vienna, Enerbility's notable energy customers include Alpiq AG, E.ON, Statkraft, Verbund APT, BKW FMB, and Vattenfall Energy Trading Netherlands NV (formerly N.V. Nuon) among others.

"Integrating with Triple Point, a larger successful organization, gives Enerbility the resources and global reach to build on our legacy of innovation and continue to deliver the utmost business value to our customers," said Hannes Stiebitzhofer, co-founder, Enerbility. "We look forward to bringing our shared expertise in the European power and gas markets to Triple Point."

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