Sapient, the international business and technology consulting firm, and KWI, the energy trading and risk management systems company, today announced a partnership aimed at energy producers and traders.
In a statement Sapient claims that the partnership will focus on delivering systems for energy enterprises who want closer integration between the trading markets and their business operations.
The two companies have already secured their first joint project. They have completed the implementation of kW3000 at Essent, the leading Dutch integrated utility, a long-term customer of KWI. Essent is upgrading to kW3000 because of its multi-commodity, physical generation and demand modelling features, and its integrated front, middle and back office functionality. Sapient and KWI have delivered the implementation on time and are now working on product enhancements and other projects for Essent.
“The energy market is changing fast and there is a growing demand for sophisticated trading and risk management systems to be implemented quickly,” said Paul McGolpin, Sapient’s Vice President, European Energy Services. “The partnership between Sapient and KWI provides a unique combination of technology, expertise and resources which we know will be very attractive to large European energy companies, many of which are already customers of ours.”
David Bucknall, Chief Executive Officer of KWI, said he believed the partnership would enable KWI to tap the growing demand for profit through volatility systems. “Many energy companies want to move as quickly as possible to the profit through volatility model. Through this partnership with Sapient, we can deliver the right enterprise-wide trading and risk management technology faster than anyone else.”