Previse Systems Sees Success with its Innovative Ecosystem.

Last week, I caught up with Messrs. Marc Zumstein and Asbjorn Hansen of Previse Systems to find out how things were going and to hear the latest news. Previse Systems is a newer vendor that is engaged in a novel ecosystem approach to building out an ETRM solution in Europe. Its all new technology initiative separates ETRM out into three distinct elements and was the subject of a white paper that we issued last year. Its threefold approach includes, A user-owned common trade repository (called ChorusLink) where each trade is stored and accessible by all parties to the trade in a fast and secure environment, A high-performance position application (called Coral) that delivers the ability to quickly and easily visualize, and process large volumes of data, and An app store-like platform (Coral Ecosystem) where third-parties can offer incremental and purpose-built functionality that can easily be added to the customers’ ecosystem and provides choice and competitive prices. It has been actively signing early customers and with a new recent signing now has four customers. Mr. Zumstein indicated that the new customer was significant and well-known but for now could not be named. It has previously announced European Energy, Norlys Energy Trading… continue reading

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