Allegro enjoys a successful 2016 despite a challenging market

I was in Dallas recently to meet with Allegro’s senior management team for a briefing on the company’s recent activities, their 2016 results and the outlook for the 2017. Reflecting on their 2016 results, Michael Hinton, Allegro’s chief customer officer & senior vice president of products and solutions, noted that Allegro closed more than 20 net new logo accounts during the year, despite a somewhat slow first half.  Areas of particular success were Asia and Europe, where the company gained new customers across multiple commodities and market segments. North America also finished strongly, with several large deals signed in the closing months of the year.  Though their accounting books haven’t yet closed, they will show year over year revenue growth…though with the downturn in the industry over the last couple of years, we suspect the rate will probably be somewhat below that of the record growth years they had prior to collapse in commodity prices in mid-2014. On the product front, Allegro launched their new flagship solution, Horizon, in 2016. This new product is a re-architected and upgraded solution derived from Allegro 8; and has been developed with a modular architecture with specific modules designed to address the needs of
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Allegro enjoys a successful 2016 despite a challenging market. This article appeared first on CTRM Center.