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UtiliPoint® International Announces
New IT Benchmarking and Consulting Services
For Immediate Release
March 2, 2005—HOUSTON—UtiliPoint® International is launching a new set of training and consulting services targeted at wholesale and retail energy marketing firms in conjunction with its new affiliate company, ENSIGHT Advisors. The two firms will provide IT benchmarking and consulting services including assessment of an organization's technology requirements, pre-software selection, implementation training, application integration framework design and implementation of system interfaces. It will also be conducting two new key industry surveys in the coming months.
Recent UtiliPoint® research on IT Benchmarking at North American Power Marketers has demonstrated high turnover rates for energy trading, transaction and risk management (ETRM) systems, a high proportion of poorly integrated heterogeneous application landscapes and higher than expected total cost of ownership. Today's business and regulatory environment elevates effective trading, transaction and risk management tools to the level of mission critical toolsets and with Sarbanes-Oxley compliance projects winding down, a new round of software selection exercises is expected.
“UtiliPoint® routinely follows the ETRM software markets as an analyst service,” said Gary M Vasey, Ph.D., UtiliPoint's®vice president of Trading & Risk Management. “When combined with our ongoing IT and application benchmarking surveys, we know that we can add significant value through providing training, pre-selection exercise consulting and IT benchmarking services. ENSIGHT Advisors provide the practical implementation expertise, business process application and requirements definition and thus add best practice capabilities.”
UtiliPoint® will be repeating its annual benchmarking of North American power marketers this summer and launching a new survey to benchmark natural gas producers, wholesale and retail marketers, and end users. The two firms will offer online and private seminars to clients looking to understand best practices and successful approaches to software selection and implementation as well as providing short proprietary IT and application benchmark consulting projects.
“ETRM software has matured rapidly over the last several years but organizations will benefit from briefings on the current state of the software market, best practice selection and implementation techniques and how to avoid some of the pitfalls that have plagued the industry,” reports Kevin Rose, principal, ENSIGHT Advisors.
For more information, please contact Gary M. Vasey, Ph.D. at gvasey@utilipoint.com or 281.681.8020 or Kevin R. Rose at krose@utilipoint.com or 713.896.3003.
EnSight Advisors Joins UtiliPoint® International’s
Trading and Risk Management Practice as Affiliates
Houston, TX—February 1, 2005—UtiliPoint® International, Inc. today announced that Mr. Kevin R. Rose and his consulting company, EnSight Advisors, has joined the company’s Trading & Risk Management practice as an affiliate. Mr. Rose is an established energy management consultant with substantial expertise in the trading & risk management arena. EnSight Advisors works with electric and gas companies in the energy industry to design and implement integrated corporate strategies including enterprisewide exposure management, energy commodity management, risk/credit management policies and procedures, business process assessments and software evaluation and implementations.
“Kevin adds significant capabilities to our growing trading & risk management practice area in the consulting area," said Gary M. Vasey, Ph.D., Vice President, Trading & Risk Management Practice for UtiliPoint® . “Kevin will leverage UtiliPoint’s® essential research and analysis to offer enhanced consulting services to the industry and add a new dimension to our existing team of analysts and consultants.”
Mr. Rose has worked in the energy industry for over 20-years providing consultant services and expertise. Previously, he was a senior consultant with Hagler Bailly Consulting where he was a integral member in the start-up and opening of the Houston practice advising gas/electric utilities and energy marketing companies, in the launching of new non-regulated energy business units for both gas and electric (wholesale and retail), and has held senior management positions with Sunrise Energy Services as Vice President of Supply, Logistics and Operations and Hadson Gas Systems Director of Energy Trading/Marketing.
Mr. Rose graduated from the University of Texas.
For more information, please contact Dr. Gary M. Vasey, Ph.D. at gvasey@utilipoint.com or 281.681.8020 or Kevin R. Rose at krose@utilipoint.com or 713.896.3003.
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