SOURCE: Triple Point Technology
LONDON--(Marketwire - Aug 22, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Armajaro Trading has licensed its software for commodity procurement, trading, logistics, and credit risk management.
Armajaro is a global soft commodity trading house and supply chain manager with origination and export operations in all major cocoa, coffee, and sugar-growing countries. Armajaro's customers include the world's leading chocolate and coffee manufacturers.
Armajaro selected Commodity XL™, Triple Point's flagship Commodity Management solution, because it is the only system capable of addressing Armajaro's complex supply chain requirements including measuring and accounting for qualities such as protein, moisture, grade, and foreign material.
Triple Point is the proven leader in delivering solutions that manage price volatility and optimize supply chain operations for agribusiness companies. Other global agribusiness customers that have chosen Triple Point include Cargill, Bunge Limited, Nidera, and Seaboard Overseas.
Commodity XL™ is the only software solution for commodity and risk management that works across multiple commodities in real-time from the front- through the back-office. Commodity XL manages the complete agriculture supply chain including farm procurement, origination, aggregation, storage, processing, trading, import/export, and local distribution on a single platform.
About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting.
Triple Point's Commodity Management platform enables over 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial manufacturers, and big box retailers. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe. www.tpt.com.