CTRM Briefing Note - Allegro Development
Allegro Development (Allegro) is the oldest continuously operating ETRM/CTRM solutions provider in the world. Founded in 1984 by now chairman Eldon Klaassen, the company initially serviced the oil & gas producer market’s needs for a dedicated solution for tracking and managing commodity sales in the still highly regulated US energy markets. With deregulation of the US natural gas markets in the early 1990’s, the market for the company’s products grew rapidly. Despite a number of new solutions providers entering the market during that period, Allegro has consistently seen demand grow for its products across all energy commodities and markets, including expansion into the European and Asia Pacific regions. Currently the company maintains sales and support offices in 7 countries.
Operating from their Dallas headquarters since the company’s founding, Allegro has grown primarily through organic growth, supplemented by two acquisitions: JustCommodity, a Singapore-based provider of CTRM for the global softs markets in 2015, and FEA, a US-based provider of risk analytics in 2018.
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