Triple Point Technology Acquires ROME Corporation
Summary
ROME Corporation, privately held with investments from Azure Capital Partners and Powershift Ventures L.P., operates from Houston, Texas and London, England.This customer pull was a key driver in our pursuit of the ROME acquisition.”ROME Corporation is Triple Point’s second major acquisition in recent weeks, quickly following the purchase of INSSINC, the leading provider of treasury management and regulatory compliance solutions to the energy and commodity markets.ROME has achieved 90% year-over-year revenue growth since 2005 and its customers represent a diverse group of commodity and energy leaders operating across the globe, including such notable organizations as New York’s Independent System Operator (NYISO), Electric Reliability Council of Texas (ERCOT), ConocoPhillips, Tesoro, Southern California Edison, BG Group and FirstEnergy.The acquisition of ROME Corporation will add 48 employees to the Triple Point roster, bringing the total headcount to almost 400 worldwide.“Triple Point is positioned perfectly to best serve our customers moving forward and offer employees additional opportunity in a larger organization.”About ROME CorporationROME Corporation is a leading provider of enterprise credit risk management solutions to the energy and commodity markets.ROME solutions enable customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency.ROME Corporation, privately held with investments from Azure Capital Partners and Powershift Ventures L.P., operates from Houston, Texas and London, England.About Triple Point TechnologyTriple Point Technology is the established leader in cross-industry commodity and energy trading, risk management, scheduling and logistics software solutions.