The Structure Group Teams with FEA to Speed Implementation Delivery of Energy Risk Management Solutions
LONDON, UK & BERKELEY, Calif., Aug. 4, 2003 - The Structure Group, a premier international consulting and software company providing solutions for the deregulated energy industry, and Financial Engineering Associates, Inc. (FEA), a Barra company, (Nasdaq: BARZ), a leading developer of derivative pricing and risk management technologies for the energy and commodities industries, today announced their collaborative efforts to deliver fast-track risk management and analytics solutions covering a broad range of energy assets, including gas, power and other commodities.
The Structure Group and FEA have teamed up recently on a number of new clients' systems initiatives including the implementations of risk analytics for a major European gas exploration and trading business, as well as for the soft commodities group of a global commodities trading and processing company. In the United States, Structure implemented FEA's VaRworks™ for a large public utility in the West.
"Pragmatic implementation of risk solutions can produce significant business benefits," said Mohamed Mansour, senior director at The Structure Group Europe. "With recent joint projects Structure and FEA have proven the success of a methodology for successful delivery of value-at-risk solutions across portfolios of diverse financial and physical instruments. Using Structure's RESULTS© implementation methodology we are able to deploy the FEA solutions quickly and effectively."
"As a software analytics provider, FEA works closely with system integrators worldwide," commented Paul Stefiszyn, FEA general manager Europe. "Structure's consultants carry impressive levels of risk management and market expertise, and their development of a sophisticated methodology for implementing FEA risk management solutions brings even more highly value-added services to our clients in the energy and commodity markets."
About The Structure Group
The Structure Group is a leading provider of energy business solutions and consulting services to market participants and system operators in Europe and North America. Established in 1998, Structure has experience working with top-tier organizations in all stages of the energy value chain. Structure offers expertise and has strong credentials in ETRM solutions delivery, risk management, retail, generation and market/system operations. Structure's European client list has included many of the major market participants in the UK and mainland Europe such as BG Group, bp Gas and Power, bp Oil, British Energy, Centrica, ConocoPhillips, Electrabel, Eneco, Gaz de France, Innogy, Louis Dreyfus, Nuon, Powergen, Scottish Power, Seeboard, Trianel, TXU, and Williams Europe. For more information please visit www.thestructuregroup.com.
About FEA
Focusing on the energy, financial, and commodities markets since 1989, Financial Engineering Associates, Inc., a wholly owned subsidiary of Barra, Inc., is renowned for the development of option valuation models and market risk assessment software. Powered by constant innovation, aggressive release schedules, and superb technical support, FEA is routinely first-to-market with pricing models and authoritative risk management tools for the latest, most complex financial instruments. FEA's more than 700 institutional clients include energy firms, money center banks, Fortune 500 companies, trading enterprises, and leading financial firms worldwide. FEA remains at the forefront of financial engineering through an ongoing commitment to meeting the needs of its clients worldwide. For more information, please visit www.fea.com.
