SunGard Energy Systems and Siemens Form Strategic Alliance to Create Powerful Integrated Energy Software Solution.
SunGard Energy Systems and Siemens Power Systems Control, a division of Siemens AG, have formed a strategic alliance which will deliver a powerful portfolio of energy software solutions. By integrating the superior technology tools of these two providers, energy suppliers and marketers will be able to better control their increasingly complicated world of trading and risk management. The companies will integrate the components of the Siemens Power Systems Control SINAUT Spectrum system with SunGard Energy Systems' risk management and trading products. With the alliance, SunGard Energy Systems and Siemens Power Systems Control become preferred suppliers of each other's technology, allowing Siemens to distribute SunGard Energy Systems' products.
"Both Siemens and SunGard Energy Systems are industry leaders with global reach," said SunGard Energy Systems CEO Richard McCarthy. "Our combined strengths create an international network to implement and support this integrated energy software solution, addressing both the physical and financial aspects of energy trading. This strategic alliance will provide the most significant competitive advantages to the energy industry to date, combining the leading products in risk management, trading, physical operations and optimization, and retail management. No other vendor or strategic alliance can deliver information technology solutions this advanced in the energy business."
The new energy trading software solution, which integrates Siemens' process control technology with SunGard Energy Systems' risk management and trading components, will provide a single point of contact for deal capture through process control, SCADA, generation control and scheduling, and load management. This will enable utilities to use state-of-the-art simulation tools against physical data for portfolio optimization.
"We believe these benefits will give our customers a powerful tool set to manage risk throughout the entire value chain," said Dr. Wolfgang Schroeppel, president of Siemens Power Systems Control. "Nobody knows this business better than we do collectively. SunGard Energy Systems offers the only truly integrated risk management, trading and scheduling solutions to the energy industry, and Siemens' energy product suite continues to be the leading business solution in the market sector. Together, we can deliver tremendous competitive advantages in today's volatile marketplace."
Siemens Power Systems Control is the world's leading supplier of computing solutions for the control and management of electrical power systems. With more than 60 years of experience in delivering energy control technology to the electric utility marketplace, Siemens has an installed base of more than 640 control systems worldwide, ranging in size from individual utility companies and regional power pools to Independent System Operators and national power grids.
SunGard Energy Systems, a business group within SunGard Data Systems Inc., serves the largest installed customer base for energy trading, risk management, and commodity scheduling products. SunGard Energy Systems group includes the former Primo Systems Inc., RiskWorks suite of software and Objective Resources Group (ORG). The Epsilon Energy Suite includes full-service trading, risk management and commodity scheduling software systems. SunGard Energy Systems also offers a full complement of management consulting, risk management consulting and systems integration to the energy industry.
SunGard Data Systems Inc. is the only large specialized provider of proprietary investment support systems and is the pioneer and a leading provider of comprehensive computer disaster recovery services. SunGard Data Systems Inc. common stock is listed on the New York Stock Exchange under the symbol SDS.
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 1, 1999|
|Previous Article:||DuPont Photomasks Announces Resignation of David S. Gino.|
|Next Article:||CenterSpan Communications Names Chief Financial Officer; Mark B. Conan, Formerly Vice President of Finance for Crown Pacific, Joins CenterSpan as CFO.|