|
Heads I win, tails I win
With more and more Indian companies integrating their operations
with the world economy, hedging and forward contracts across all classes of
commodities will drive the risk minimisation effort.
Triple Point Technology is a leading supplier of next-generation
energy/ commodity trading and risk management software solutions.
Triple Point Technology was founded in 1993 with the mission to supply best-in-class
energy-based supply, trading, and risk management systems. Headquartered in
Westport, Connecticut, USA, Triple Point serves clients in Asia, Africa, Australia,
Europe, North America and South America from its six development and support
centers strategically located around the world. The company’s enterprise
and tactical solutions are deployed at more than 85 multinational commodity,
energy and financial services firms including Amerada Hess, BP, Cinergy, Duke,
ENOC, Glencore, Itochu, Mitsui, Morgan Stanley, Occidental Petroleum, Petrobras,
Petronas, Preem and Reliance.
With client base across 5 continents and six development cum client services
centers across the world, Triple Point is a truly global company. Triple Point
India, a 100% subsidiary based in Pune started operations in April 2003 and
has since seen the team growing from 20 to 100.
The small and fledgling team (a little over 100) at Triple Point, Pune is engaged
in activities that include Core product development, customization, client services
and technical support to Triple Point’s Asian clients.
Since its inception, Triple Point India has been instrumental in accelerating
Triple Point’s technology and functionality advantage over its global competitors.
Our ability to create a strong technology team in Pune resulted in accelerated
product development that in turn allowed us to capture a higher market share.
Triple Point Technology practices a product based business model. Our employees
work on concepts such as scarcity pricing, value at risk, econometric modelling
for industries such as power trading, natural gas trading, petroleum trading
and commodity trading. Our developers need to understand the business complexity
while practicing their technology skills. Our challenge is to recruit people
with ability to learn beyond technology skills and to motivate and challenge
them in producing world class software products. We are proud to say that we
could meet this challenge; Triple Point Pune is now at the core of all product
development that happens in the company.
Triple Point has the industry recognition of being not only a stable company,
but also one of the fastest growing. Triple Point has been ranked in the distinguished
Inc. 500 lists of America’s fastest growing private companies for four
consecutive years. Triple Point has also been named to Deloitte & Touche’s
“Technology Fast 50” program for 2002. The company has demonstrated
sustained, record growth.
Triple Point earned the prestigious Gold Award in the Energy Business Awards
2004 presented by Commodities Now magazine. Triple Point earned top recognition
in the “Excellence in Technology - Risk Management and Compliance”
category. In addition, Triple Point was also just voted the Top Software Package
by independent vote in the 2005 Energy Risk Technology User Choice Awards the
results of which are published in March’2005 Energy Risk Magazine.
With 35 new clients in last 35 months, Triple Point is on an accelerated growth
curve. A number of these clients are in Asia and India. Our recent additions
include Louis Dreyfus, Noble Group, Bharat Petroleum, PTC India amongst others.
“Our expanding Triple Point India operations and deep experience in restructuring
Asian energy and commodity markets puts us in a unique position to provide the
most advanced software technology to the region’s commodity/ energy market
participants of any size,” said Peter F. Armstrong, president of Triple
Point Technology.
The Triple Point India team, headed by Suhas Baxi, Director (India), also includes
industry specialists who are engaged in business process consulting, implementation
and training to our clients across Asia and beyond.
Global as well as regional business outlook is very bright. The energy sector
deregulation in India including the impending power sector reforms, maturing
of local commodity exchanges and growing international operations of National
Oil companies will allow Triple Point to grow its market in India in the next
few years.
Triple Point is thus creating a unique brand of business that caters not only
to its US based parent but also to the local Indian market. Its also creating
an organization that is a true mix of technology and domain skills.
|
