Broadening solutions to customers by combining two best-of-breed solutions in the areas of energy trading and risk analytics.
âWe believe that there is significant potential for Ascendâs solutions amongst Navitaâs customer portfolio. Our risk analytics solutions augment ETRM solutions like Pomax by providing detailed analysis of physical & financial portfolios. This partnership will allow us to offer broader portfolio management solutions to our customers. However, at the end, the decision to pursue this partnership boiled down to the fact that both companies share the same philosophy with regard to generating business value in the energy markets: robust, configurable products offered at reasonable prices and short implementation timesâ said David Leevan, VP of Ascend Analytics.
âWe regularly see requests for best-of-breed risk analytics for use together with our Pomax ETRM system. Specialized risk analytics is different from transaction systems for energy trading and generic risk management, and doing it well requires staff with a specialized educational and professional background. After thorough evaluation of various software packages and with due consideration of and respect for the challenge of integrating third-party solutions, we decided to pursue this partnership with Ascend.â said Knut Johansen, CEO of Navita Systems AS.