Last September, Brady Technologies announced that it had acquired CRisk, a credit and Liquidity risk solution provider. It subsequently followed up that acquisition with another one that involved it buying ETRM vendor, Igloo. Last week, I took a briefing from the Brady risk team along with a demonstration of some of the CRisk software, as a follow up to my analyst inquiries regarding these acquisitions. Brady had acquired Energy Credit way back in 2016 and subsequently went on to market and sell the solution successfully while enhancing aspects of that platform. However, Energy Credit was an older solution with a long track record of success and a host of premier customers. Now in 2021, Brady faced a choice of whether to invest in a complete overhaul of Energy Credit or to acquire something that was already on a modern technology platform. With some history of working with CRisk dating back to 2014, Brady decided upon the latter. “The CRisk solution ticked all of our boxes covering all of the current Brady Credit functionality and more but in a modern technology and architecture,” said Ian Tobin of Brady. CRisk is not only a fully functional credit risk solution, it also offers… continue reading
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