Abacus Solutions Inc, developer of the ETRM System, SATURN, joins the Mid-Continent Energy Marketers

June 10, 2009 - PRLog -- “The MEMA Board of Directors is extremely pleased to welcome Abacus Solutions Inc. as MEMA’s newest Associated member and look forward to a long and mutually beneficial relationship” said Mr. Michael B. Critchley, Executive Director and CEO of the Mid-Continent Energy Marketers Association.

"We are pleased to join the Mid-Continent Energy Marketers Association (MEMA) and we look forward to working with MEMA members” said Dr. Salim J. Jabbour, CEO of Abacus Solutions Inc.  “MEMA includes key market participants in the energy industry in North America; our membership will facilitate their access to our flagship technology, SATURN, a modern software system that offers energy marketers and traders risk management and decision support tools with unparalleled speed, ease of use, and accuracy through seamless integration of key capabilities including market analysis, generation optimization, load analysis, credit management, financial analysis, business intelligence, ISO integration, and portfolio management", according to Dr. Jabbour.

About Mid-Continent Energy Marketers Association
The Mid-Continent Energy Marketers Association (MEMA) is an independent, nonprofit trade association representing entities involved in the marketing of energy or in providing services to the energy industry. Members work together to promote an informed, efficient and open energy marketplace throughout North America. MEMA membership includes over 100 members with operations in 46 states and Canada. MEMA members own and operate over 400,000 megawatts of generating capacity and serve over 70 million electric and gas customers.

MEMA was formed in May, 2003 as a successor organization of the Power and Energy Market (PEM) of the Mid-Continent Area Power Pool (MAPP) in recognition that PEM had outgrown the MAPP Region.

About Abacus Solutions Inc
Abacus Solutions Inc is the developer of the award winning software 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: Market simulation, generation optimization, parameterization, load analysis, trade capture, trade valuation, credit management, financial analysis, business intelligence, ISO integration, risk management, and portfolio management. SATURN facilitates improved decisions and helps analyze corporate and functional risks, revenues, costs, and profits for a portfolio of plants, trades, and other assets. Using modern technology, SATURN helps users realise significant benefits and gain unique and sustainable competitive advantages.  A combination of eight features differentiates SATURN from the crowded field of legacy ETRM systems: Advanced analytics, unparalleled performance, modular architecture, seamless integration, data acquisition, intuitive interface, enterprise services, and enterprise mobility.

Abacus was recognized by the world's leading information technology research and advisory company Gartner Inc. , for its “innovative, impactful, and intriguing” software system, SATURN, and was included in the firm's "Cool Vendors in Energy and Utilities, 2009" report.

Mid-Continent Energy Marketers Association Contact Info:
Email mcritchley@memarketers.org
Web www.memarketers.org

Phone 651-340-6305
Fax 651-340-6308

Abacus Solutions Inc Contact Info:
Email info@abacussolutionsinc.com
Web www.abacussolutionsinc.com

North America
New York 646.360.1247
California 650.941.1728

Europe
London 44.20.3384. 2676

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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.