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| Abacus Named "Cool Vendor" by Leading Analyst Firm, Gartner, for its Enterprise ETRM System, SATURNAbacus Solutions Inc, the developer of the enterprise ETRM system, SATURN, has been selected by Gartner , the world's leading IT research and advisory company, for inclusion in the firm's "Cool Vendors in Energy and Utilities, 2009" report.
The report stated, “This research highlights vendors whose technologies provide an innovative approach to traditional utility business processes, as well as vendors whose solutions address new challenges caused by energy utility transformation … Any energy merchant or utility in any region should be interested in a close coupling between ETRM and Generation Optimization functionality or in improving the connectivity between emissions management and trading and generation optimization. While the established requirements around deal capture, position management and reporting, straight through processing and market and credit risk management and reporting are well covered by many ETRM vendors, not many venture into Generation Optimization, one of Abacus’s strengths.” "We are honored to be named by Gartner as a 'Cool Vendor' in the energy and utility space. We believe this prestigious award distinguishes SATURN from other legacy ETRM systems and validates our innovation and our achievements" According to the Gartner report, “Since the early 1990s, Energy Trading and Risk Management (ETRM) development has moved in many directions, including wider cross-commodity operations, wider support for financial instruments and physical logistics, improved market and credit risk. Abacus Solutions, through its Saturn application, has a unique offering in this domain — combining extensive ETRM functional coverage with Generation Analysis and Optimization. Covering a wide range of generation asset types (including Thermal, Storage and Renewables) in depth, Saturn has extensive configuration and integration options as well as traditional and SaaS delivery options.” “Our customers are gaining significant competitive advantages by transforming overwhelming data into meaningful and actionable information” About Gartner’s Cool Vendors Gartner’s listing is designed to highlight interesting, new and innovative vendors. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative - It enables users to do things they couldn’t do before Impactful - It has or will have a business impact; it’s not just “technology for the sake of technology” Intriguing - It has caught Gartner interest or curiosity during the past six months or so The complete report is available from Gartner and can be downloaded from the Gartner web site at http://www.gartner.com/ About Abacus Solutions Inc Abacus Solutions Inc is the developer of SATURN, an integrated enterprise ETRM system (front, mid, back office) with decision support capabilities and additional unique tools that offer solutions to key business functions. SATURN includes twelve applications: Contact Info: Email info@abacussolutionsinc.com Web www.abacussolutionsinc.com North America New York 646.884.9594 California 650.941.1728 Europe London 44.20.3384. 2676 # # # Abacus Solutions Inc is the developer of SATURN, an integrated enterprise ETRM system (front, mid, back office) with decision support capabilities and additional unique tools that offer solutions to key business functions. End
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