Essentia Advisors and Beacon Platform Announce Partnership to Boost Efficiency and Customization in Commodities and Energy Trading
Furthering its desire to offer best of breed solutions to the commodities trading community, Essentia is pleased to announce a strategic partnership with Beacon Platform, the financial services platform for every developer. Beacon and Essentia will combine Essentia’s extensive experience in the commodities and energy trading management (C/ETRM) space with Beacon’s highly flexible, cloud-enabled platform and tools to quickly deliver solutions for customers in North America and Mexico. “There has been a great deal of change and consolidation in the trading and risk management software market. This partnership enables us to better serve our clients with unique solutions tailored to their specific business requirements,” said Lee Norris, Managing Director for Essentia.
“Beacon has noticed a recent uptick in commodities and energy clients looking for bespoke solutions to solve their C/ETRM workflow gaps. As these customers look to transform onto the cloud, Beacon and Essentia can help the sector develop innovative solutions that future-proof their businesses,” said Richard Jefferson, CFO at Beacon Platform
Essentia plans to immediately leverage Beacon with existing customers and build market offerings around the platform that enable efficient commodity trading of agricultural products, physical energy, and derivatives. Joint investment by both companies illustrates how software vendors and consultancy are changing and improving the implementation and product support model. “The Beacon/Essentia partnership benefits the end user with precisely delivered, right-sized solutions, with a lower maintenance cost,” said Brian Shydlo, Partner with Essentia. Essentia will also provide managed services and hosting for the platform as a full turnkey option that delivers value past the initial implementation. Beacon is building relationships with a variety of development and systems integration partners to provide customers with a selection of trusted, Beacon trained consultants. Clients can draw on a range of skills and experience to smooth their journey with Beacon, from idea to implementation.
About Essentia
Essentia is a leading energy and commodities consulting firm headquartered in Houston with offices in New York City and Mexico City. Essentia’s depth of experience in the energy industry and other commodities has made it a trusted advisory source for clients ranging from high-growth emerging companies to the Fortune 500. The Essentia consultants have worked together for more than 20 years with backgrounds in public accounting, consulting and industry. The depth of experience brings unmatched understanding of complex issues and needs which translates into refined cost-effective solutions for Essentia’s customers. https://www.essentiaap.com
About Beacon
Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and web application framework make developing applications faster and easier. Born from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See how you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at www.beacon.io.
