Traditional trade and risk management software vendors in the commodity and energy trading sectors are taking a battering from a perfect storm of dwindling sales, customer abandonment and better, lower cost solutions. That’s the view from cloud vendor Aspect as it continues to take large enterprise business away from the industry heavyweights that once called the market their own.
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Aspect, first and largest vendor of cloud-based energy and commodity trade and risk management (ETRM / CTRM) software, has seen sales for the first half of the year climb to a record 16-year high as even the largest global organizations are dumping entrenched, legacy software and moving to the cloud.
Booking more than $7M in new business through the first 6 months of the year, an increase of 127% over the same period in 2015, Aspect has become the replacement solution of choice for user organi
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