7th February 2011, London: Brady plc (BRY.L), the leading provider of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors, is pleased to announce it has extended Brady Energy’s product offering through the acquisition of syseca AG (“syseca”). syseca is a Swiss-based company providing logistics software for the electricity markets and adds up-to-date physical electricity trading capabilities to Brady. syseca has been operating since 1994 and its clients are based throughout Europe.
The acquisition has a compelling strategic, commercial and financial rationale as it broadens Brady Energy’s product offering to include up-to-date, physical electricity real-time balancing and scheduling capabilities, with connectivity to most major transmission system operators (TSO’s).
Brady and syseca have enjoyed a successful commercial partnership in recent years, working together with mutual customers to provide complementary solutions to meet their needs. Following the acquisition, Brady now expects to further strengthen its product offering with a highly qualified and experienced team. Brady’s expertise in energy trading and risk solutions, combined with syseca’s strength in physical energy trading solutions, creates an excellent platform to drive further revenue growth.
Ernst Killer, President of syseca AG, commented: “We have worked in partnership with Brady on several occasions to provide solutions for customers in the energy market and strongly believe that becoming part of a well-resourced, publicly-listed company will offer our business immense potential to deliver solutions to a wider marketplace, through Brady’s global infrastructure.” Continuing, he said, “Our business has recently seen some consolidation and is becoming much less fragmented. This is a great opportunity to create an integrated, real-time solution for physical energy trading, which provides complete straight-through-processing, from deal input through to logistics and scheduling.”
Commenting on the acquisition, Gavin Lavelle, CEO of Brady, said: “We have collaborated closely with syseca and developed a strong relationship with the team. It provides both product and people skills in the German-speaking markets and uses the latest technology which is highly complementary to our energy solutions. This acquisition further strengthens our product offering by adding to our existing financial and risk management capabilities, providing new growth opportunities.”
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Tel: +44 (0) 20 7250 4770
syseca AG is an independent information technology company, located in Zug, Switzerland, specialising in providing integrated solutions to complex business problems, particularly (though by no means exclusively) within the Energy Market area. By offering a complete range of consultancy and software project and development services, syseca is able to provide customers with complete solutions and ensure customer satisfaction at all stages of the project. The company has extensive experience in ‘Real Time’ systems development, having designed and implemented world-class network control (SCADA) solutions for the electricity industry. syseca tailors its software to meet the specific needs of its customers, utilising a mixture of existing syseca software components, third party products and customer specific new development to meet customer requirements cost-effectively. syseca’s solution offering includes EDIS for energy scheduling, EBIS for physical trading and balancing and EDIL for energy production control.
For more information visit: http://www.syseca.com
Brady plc (BRY.L) is a leading global provider of trading and risk management software to the worldwide commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, softs and agriculturals.
Brady has 25 years’ expertise in the commodity markets with over 150 customers worldwide, including some of the largest financial institutions, producers and mining corporations which depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest miners, refiners and producers, trading companies, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
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