Brady plc follows its first ever female CEO appointment with the addition of two new non-executive directors

Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, has appointed two non-executives to its board following the appointment of Carmen Carey, the first woman to hold the CEO position in a publicly listed ETRM / CTRM software solution vendor, as Chief Executive Officer. Iain Greig and Dan Look join the board as Non-Executive Directors with immediate effect. 

Iain is an experienced CTO and COO with a track record of delivering large-scale technology and business change programs and commercial and operational leadership.  For over 25 years, Iain has specialized in the physical commodities trading and financial services industries, working with globally integrated oil companies, entrepreneurial trading organizations, consultancies, global exchanges and clearing houses. As CTO of LME Clear, Iain led the technical build and successful launch of the new clearinghouse for the London Metal Exchange, going on to run the new business as COO. Most recently, Iain co-founded Ivno, a financial technology startup focused on asset tokenization and blockchain based payments solutions.

Dan is approaching 25 years of experience as a consultant in the energy and commodity sectors with a focus on trading and risk management, initially with Accenture before joining Baringa during its founding stage. At Baringa, Dan led the commodity and energy trading consulting group to become the recognized leader in its field, alongside his role as a Senior Partner in the broader global business. Since retiring from Baringa in 2017, Dan has undertaken a variety of board and advisory roles.

Ian Jenks commented: “I would like to welcome Iain and Dan to the Board. Iain’s technical commodity background and Dan’s knowledge of the energy trading sector bring vital additional skills to the Board as we take the Company to the next stage. As we celebrate International Women’s Day, I would like to reinforce our commitment to diversity on our board and again welcome our new CEO, Carmen, a seasoned technology executive and recipient of a Bronze Stevie Award for Most Innovative Woman of the Year in Technology – one of the world’s top honors for female executives.”

ABOUT BRADY

Brady is a provider of trading and risk management software for the commodity and energy markets. We provide complete solutions supporting the entire 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, soft commodities and agriculturals. Brady has 200 customers worldwide, including some of the largest global financial institutions and corporations



Brady extends its partnership with BayWa r.e. Clean Energy Sourcing GmbH

Brady extends its partnership with BayWa r.e. Clean Energy Sourcing GmbH (BayWa r.e. CLENS), through the implementation of Brady Credit Risk

Brady, the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets, today announced that BayWa r.e. Clean Energy Sourcing, a leading direct marketer and supplier of green energy in Germany, has chosen to implement the latest version of Brady Credit Risk in their cloud hosted environment.

BayWa r.e. CLENS are one of the leading direct marketers and suppliers of green energy in Germany. As they continue their rapid growth, BayWa r.e. CLENS made the decision to implement a streamlined credit risk solution that could accommodate their business growth but also offers best of breed functionality for counterparty exposures, margining, credit data management, credit workflow and reporting needs.

BayWa r.e. CLENS are current users of Brady’s ETRM and power scheduling solutions and as such Brady was able to fast-track the credit risk implementation using its industry leading integration tools that automatically pulls in all the required credit data directly from Brady ETRM, significantly reducing the implementation delivery timeline.

Ian Jenks, Executive Chairman of Brady, said ”We are thrilled that once again one of our clients has put their faith in us to deliver additional vital solutions for their business needs. As a long-term partner of BayWa r.e. CLENS we hope to continue to support them for many more years to come”.

“We have been successfully using Brady’s software solutions for several years,” said Jens Eberlein, Managing Director of BayWa r.e. CLENS, “and we look forward to leveraging another Brady software solution as we continue to professionalise our credit and risk controlling efforts to more efficiently and risk-adequately monitor and control our operations’ counterparty risks.”

Brady’s credit risk management solution will provide BayWa r.e. CLENS with:

  • Cloud-hosted solution
  • Management of exposures, margining, credit static data, credit workflow and reporting
  • Seamless integration with Brady ETRM
  • Implementation based on the Brady best practice project management and implementation methodology
  • A scalable solution that can meet the current needs of the smallest energy and commodity trading firms and producers through to the largest that operate on a global basis.

ABOUT BRADY

Brady is a provider of trading and risk management software for the commodity and energy markets. We provide complete solutions supporting the entire 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, soft commodities and agriculturals. Brady has 200 customers worldwide, including some of the largest global financial institutions and corporations

About BayWa r.e. Clean Energy Sourcing GmbH

For many years, BayWa r.e. Clean Energy Sourcing GmbH has been one of the leading direct marketers and suppliers of green energy in Germany. As a wholly owned subsidiary of the BayWa r.e. group, the company offers a wide range of energy-related services and products, starting with the marketing of decentralised renewable energy and CHP plants, and including extensive flexibility management and the supply to industrial and commercial customers with green energy.

Brady appoints new CEO

Brady plc

(“Brady”, the “Company” or the “Group”)

Appointment of CEO

and

Directorate Changes

Brady plc, a leading global provider of trading, risk management and settlement solutions to the commodity and energy markets, is pleased to announce the following changes to its Board of Directors (the “Board”).

New Chief Executive

After an extensive selection process involving numerous high-quality candidates, the Company is pleased to confirm the appointment of Carmen Carey as its new Chief Executive, with effect from 18 February 2019. Carmen initially joined the Board as a Non-Executive Director in March 2017. Carmen is an IT industry veteran whose career to date encompasses leadership roles as an executive in fast-growing global VC-backed and publicly traded technology companies.


She was most recently the COO of artificial intelligence company Unbabel. Prior to Unbabel, Carmen was CEO of Apica, CEO of Big Data Partnership, COO of MetaPack, CEO of ControlCircle, COO of MessageLabs and VP of Global Services at BroadVision. As CEO, she successfully led the exit of Big Data Partnership and ControlCircle to Teradata and Alternative Networks, respectively.  She was also a Non-Executive Director for Arts Alliance Media through its acquisition by Luxin-Rio. In 2017, Carmen was recognised with the Bronze Stevie Award for Most Innovative Woman of the Year in Technology – one of the world’s top honours for female executives.

Non-Executive Chairman and Non-Executive Directors (“NEDs”)

As part of this process, Ian Jenks will step back from his role as Executive Chairman to being Non-Executive Chairman with effect from 1 April 2019.  Ian became Executive Chairman in September 2016, initially as a short-term measure, and we are indebted to him for his longer than anticipated tenure. He has steered Brady through a time of huge transition and we look forward to his on-going role as Non-Executive Chairman.

The Company is in the process of recruiting additional NEDs and looks forward to making further announcements to this regard soon.

Ian Jenks, Executive Chairman of Brady, commented: We are delighted to have secured such a high-quality Chief Executive as Carmen. It is a testament to Brady’s strength, position and products that Carmen wanted to make the transition from Non-Executive Director to Chief Executive.  As a business we have a fabulous opportunity in front of us. We have the staff, the clients and the drive to take the Company to the next stage and with Carmen leading the team we are in great shape to take advantage of that.”

Carmen Carey, commented: “ I am thrilled to become Brady’s CEO. The opportunities available to the Company are substantial and I am confident that my experience gained across a wide range of technology businesses will help Brady realise its full potential.”

For further information, please contact:

Brady plc
Ian Jenks, Executive Chairman
Martin Thorneycroft, Finance Director
Telephone: +44(0)1223 479479
 
Cenkos Securities plc – NOMAD and Broker
Mark Connelly – Corporate Finance  
Telephone: +44 (0)20 7397 8900
Newgate Communications
Bob Huxford/ Ian Silvera
Telephone: +44 (0)20 7653 9848  

Disclosures required by Schedule 2(g) of the AIM Rules for Companies

Further to the disclosures made on Ian Jenks’ appointment on 6 June 2016, the Company also confirms that Mr Jenks is a Director of Zeetta Networks Limited, Ian Jenks Limited and is a former director of Aldwych 2011 Limited, Skrill Limited and Paysafe Financial Services Limited.  The Company makes the following corrections to previously disclosed Directorships:

Previous Disclosure Correction
Seren Phonics Limited Seren Photonics Limited
Econic Limited Econic Technologies Ltd
Intune Network Limited Intune Networks Belfast Limited

There are no additional Schedule 2(g) disclosures required for Carmen Carey.

About Brady

Brady plc (BRY.L) is the largest European‐headquartered provider of trading and risk management software to the global 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, soft commodities and agriculturals.

Brady has 30 years’ expertise in the commodity markets and its clients include many of the world’s largest financial institutions, trading companies, miners, refiners and producers, tier one banks, a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.

Brady announces new product to drive accountability and transparency across the global commodity and energy markets

New Cloud-Based Software Platform Automates the Management Processes Required to Ensure Comprehensive Regulatory Compliance for the FCA Senior Managers and Certification Regime

London, 18th September 2018: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy and commodities sectors, today launched a new cloud-based compliance software solution.  Brady Accountability Compliance will support global commodity and energy organisations in managing risk across their organisations by automating the processes required to ensure compliance with the requirements of the FCA Senior Managers Regime, Certification Regime and Conduct Rules (SM&CR).

Libby Koehn, Chief Product Officer of Brady, commented: “The demands of the SM&CR requires companies to provide even more transparency across their organisations on their individual accountabilities and responsibilities, including providing documented evidence that they have taken reasonable steps to meet their regulatory obligations. This is placing mounting pressure on senior managers who currently struggle to meet the regulatory requirements via mostly manual and disjointed solutions.  Without the correct tools to manage the reporting requirements senior managers could end up exposing themselves and their company to risks from non-compliance. Brady plc has partnered with Trailight, a pioneering expert in solving these complex compliance documentations and reporting challenges, and we’re excited to be working with them to offer a solution specifically tailored to the needs of the energy and commodity sector.”

Brady Accountability Compliance enables organisations to:

Manage the key aspects of the SM&CR:

  • Gain a central repository for all SM&CR records
  • Document and manage Statements of Responsibilities (SoR)
  • Generate Management Responsibilities Map (MRM)
  • Set up and manage handover processes for changes in roles and responsibilities
  • Automate approvals and sign-off management process
  • Provide a full audit of all changes, decisions and approvals
  • Achieve full transparency on firm and individual accountability for regime compliance, decision making and reasonable steps

Provide full control over necessary compliance checks to certify that key staff members are “fit and proper” to perform their role:

  • Identify roles to significant harm functions within the group and its entities
  • Map those roles to people within the organisation
  • Assess fitness and propriety
  • Create, sign off and issue of appropriate certificates
  • Manage ongoing compliance due to annual regime and change management requirements

Understand and comply with Tier 1 conduct rules:

  • Identification of the staff covered by the Conduct Rules
  • Record and manage conduct rules and training
  • Manage breach and breach reporting to the regulator

Brady’s Accountability Compliance software can be implemented either as either a Cloud hosted or on-premise solution in a very short space of time, ensuring that frameworks, data, records and appropriate outcomes are quickly in place.  This allows senior managers and boards to deliver on their responsibilities and provide evidence that they have taken reasonable steps to comply with regulation, minimise consumer detriment and achieve positive outcomes for their firms.

David McNair Scott, CEO, Trailight, concluded: “Combining our regulatory and technology expertise with Brady’s deep trading domain understanding and technology expertise is a game changer for the energy and commodities sector.  Accountability, culture and competence is the focus of the global regulatory bodies and this move, connected to Brady’s expertise and market access will allow us to serve the wider community.” 

About Brady plc

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global 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, scrap and secondary metals, soft commodities and agricultural products.

Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, 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

Brady plc: Twitter / LinkedIn

Brady Media Contact:

Cosmin Balan

AxiCom

E: Cosmin.balan@axicom.com

T: +44 207 559 5617

17 July 2018: Brady plc and Trailight announce strategic partnership

London, 17th July 2018: Brady plc (BRY.L), Brady plc partners with Trailight to bring to market solutions for Senior Managers and Certification Regime regulatory compliance

Brady plc and Trailight Compliance Technologies today announced that they have forged a strategic partnership, bringing together a world leader in the Energy and Commodities Trading and Risk Management software solution space with the market leader in the regulatory compliance and governance technology space. With this partnership, Brady plc has built a new solution called Brady Accountability Compliance, focused on meeting the requirements of the Senior Managers and Certification Regime.

Today, regulations and transparency have become the forerunner to ensuring your business is operating in the best interest of its customers and shareholders. Since the global financial crisis regulators around the world have focused on evidencing straight line accountabilities and responsibilities for the senior managers of firms, including placing a heightened emphasis on understanding the conduct, competence and culture of the organization they run. The PRA and FCA led the way with an industry-wide implementation of SM& CR, launched to deposit takers in 2016, then to dual-regulated firms in 2018 and now to the balance of the regulated marketplace in December 2019. The Financial Stability Board is also calling for a global accountability standard and already Hong Kong, Australia and Singapore have followed suit.

The bedrock of the Accountability regime is a focus on individual sanction. This means that in any investigation Senior Managers have to provide transparency on their accountabilities and responsibilities and show evidence that they have taken ‘Reasonable Steps’ to meet those accountabilities. Critically the regime goes further into mandating Senior Management responsibility for the Fitness, Proprietary, and competence of key staff and requires companywide attestation, understanding and day to day application of minimum standards of conduct.

Key features of the regime include:

  • Map of senior manager accountabilities and responsibilities and associated governance (SORs and MRM)
  • Statutory duty of responsibility (Reasonable steps)
  • Effective controls and oversight of senior manager handovers
  • Significant harm function certification and appropriate Fitness & Proprietary checks
  • Conduct rules attestation, understanding and breach recording

Brady Accountability Compliance is not only cloud-based it’s also automated, flexible, configurable and designed to be future-proof. Together with Trailight, Brady plc is able to provide you with the control, intelligence, data and clarity you need to make informed business decisions and the evidence you need to show you’ve taken ‘reasonable steps’ to manage accountability throughout your firm – and comply with the Senior Management Regime, Certification Regime and Conduct rules.

“I’m excited about the opportunity this partnership creates for our customers,” said Libby Koehn, Chief Product Officer, Brady plc. “Together, Trailight and Brady plc are empowering customers to manage risk with innovative products and tools that evolve, as business gets more complex. These pioneering solutions help our customers to stay ahead of the curve.”

“Combining our regulatory and technology expertise with Brady’s deep customer understanding and technology expertise is a game changer. Accountability, culture and competence is the focus of the global regulatory bodies and this move, connected to Brady’s expertise and market access will allow us to serve the wider community.” David McNair Scott, CEO, Trailight

NOTES: The platforms are implemented either via Cloud or on-premise in a very short space of time, ensuring that frameworks, data, records and appropriate outcomes are in place quickly so that senior managers and boards can deliver on their responsibilities and provide evidence that they have taken reasonable steps to comply with regulation, minimise consumer detriment and achieve positive outcomes for their firms.

ABOUT BRADY
Brady is a leading provider of software solutions for global energy and commodity trading. We offer a choice of trading and risk management applications designed to help producers, consumers, financial organisations and trading companies manage all of their commodity transactions in an integrated solution – including pre-deal analysis, trade capture, risk management, foreign exchange, credit risk, logistics, cash management, physical operations, back office financials and treasury settlement.

Brady has more than 30 years of expertise in the commodity markets with customers worldwide depending on our software solutions to manage risk and deliver vital business transactions across their global operations. Our expert market knowledge, professionalism and proven problem-solving abilities enable us to understand the challenges our clients face and develop tailored solutions that consistently meet and exceed their needs.

ABOUT TRAILIGHT
Trailight is a leading software provider that has been dedicated to solving regulatory challenges surrounding accountability and people risk for Financial Services for the last 25 years.

We have built flexible workflow capability within best practice frameworks with the goal of enabling customers to meet the required regulatory outcomes by making accountability, risk mitigation, competence and conduct transparent for both internal and external stakeholders.

For more information visit: www.trailight.co.uk

***END***

17th May 2018: Brady launches innovative cost-reducing fast start implementation


London, 17th May 2018: Brady plc (BRY.L), Brady underscores a deep commitment to reducing implementation costs with the launch of innovative FAST START Implementation offerings for Metals Trading lifecycle management

Brady plc, the leading provider of risk management solutions to the global commodities and energy space, announced the release of a new cloud-deployed version of their physical trading and risk management solution for metals that radically reduces the time, upheaval and effort associated with system’s implementation.  Brady reports that its new FAST START program includes out of the box pre-configured settings for Metals Trading that make it usable from day 1.  Brady’s Chief Product Officer, Libby Koehn, stated this new offering was specifically designed for companies who are looking for a full scale Metals Trading and Risk Management solution without incurring the time, business upheaval or costs of a fully customizable solution.

Brady’s FAST START solution provides the following:

  • Templated version of the full Fintrade Trading and Risk Management Solution
  • Delivered with pre-configured base metals trading business processes including pricing terms and hedging instruments for LME, COMEX, or CHFE, common currencies, premiums, countries, incoterms, payment terms, default price uploads for EOD prices, standard accruals and accounting rules and standard templates for contracts and invoices.
  • Standard pre-defined data, take-on, implementation and training plan to accelerate Time to Live
  • Available on the Cloud, but can also be deployed on-premise.

Successful delivery of Brady FAST START relies on an implementation process specifically tailored to meet the needs of most metals trading customers.   That means that Brady must be able to deploy Fintrade rapidly, keeping costs and efforts to a minimum.   In order to achieve this approach, Brady has defined a standard 50-day implementation and training framework using a standard training model rather than the traditional bespoke design and build approaches used on larger projects.  This allows customers to radically reduce the amount of time required before they are live in production. Time to Live can be further reduced to 30 days for customers who are open to launching with a more minimal solution set.  And since FAST START includes delivery of a fully functional version of Fintrade, this solution still offers customers full flexibility to configure and extend their system as their business needs evolve.  This allows clients to minimize implementation resource requirements, gain a quick ROI, significantly reduce the cost of ownership, and provide early business value before moving on to add nice-to-have features.

Traditionally complex end-to-end lifecycle management solutions take a significant amount of time to implement.  Brady has broken that mould by creating a state of the art solution that’s based on their experience with dozens of clients, and which gives an out-of-the-box configuration that is ready to use.

Pascal Finarelli, Product Marketing Manager at Brady says “FAST START’s standard configuration and data package reflects both best practices as well as the typical installation base line data settings, configurations and reports we commonly see with our metals customers.  Pre-configuring all of this has allowed us to minimise our implementation time so our implementation consultants can focus on much higher-value services to help clients, rather than reinventing the wheel.

Even though it’s pre-configured, Brady does not see their FAST START offering as something they just hand over to the client and walk away from – Brady’s implementation consultants remain very involved with the client all the way through to go-live.  The main difference is the implementor’s time is spent on activities such as assisting the client get used to their new solution, hands-on system training, supervision of UAT activities, and using standard tools for loading data rather than starting each new project with a blank piece of paper.

By designing a pre-configured cloud-based solution for the metals industry, Brady is now able to offer clients a complete implementation in under 50 days and Brady will be rolling out further quick-start solutions for other commodities over the course of 2018.

 

7th March 2018: Brady Employee Recognised!!!

In the energy and commodity trading risk management world there are few who do not know the duo that are Dr. Gary Vasey and Patrick Reames of ComTech advisory.

If you are in the market for said solutions and need to have a couple of experts to give you some good advice, then ComTech is the place to go.

So when you are being judged by one of these experts then you know you’ve made an impression.

And so when we saw this article on CTRM Center adding our very own Harry Knott to this illustrious list of exceptional Thought Leaders we were absolutely delighted.

These recognised industry thought leaders serve as a standing panel of experts and are asked to provide periodic input and answers to questions posed by ComTech around business and technology issues facing the industry.

Additionally, the selected Thought Leaders will be representative of the industry as a whole, including end-users, software vendors and service providers.

25th January 2018: Trading Statement and disposal of US recycling business

25th January 2018: Trading Statement and disposal of US recycling business


Thursday 25 January

Brady PLC

(“Brady”, the “Company” or the “Group”)

Trading Statement and disposal of US recycling business

Brady plc (AIM: BRY), the leading global provider of energy, commodity and recycling software, provides the following trading update for the full year 2017.

Transition to recurring revenue agreements

During 2017 the Group continued to focus on its transition from a one-off licence model to a recurring revenue model, with a view to improving earnings visibility and facilitating the Group in delivering sustainable growth. The Board is pleased to report that in 2017 recurring revenues represented 67% of total sales.

Over the course of 2017 the Board took the strategic decision, where possible, to renew contracts on a recurring basis and accordingly during the year the Board elected to replace £1.7m of one-off licence revenues, with rolling agreements providing recurring licence revenues, with an annual value of £0.8mfor an initial five-year term and rolling annually thereafter. 

The Group expects to recognise revenue, in the amount of approximately £0.8m, for work performed on two existing customer contracts in 2017 during H1 2018 rather than in FY 2017.

Work has continued on the restructuring of the business in order to better integrate the service offerings, resulting in exceptional costs of approximately £2.0m. The Board expects to report revenue for the year ended 31 December 2017 of approximately £27m and to report adjusted EBITDA1 in the range of £0.5m to £0.7m.

Net cash as at 31 December 2017 was £4.4m (2016: £7.3m).

Disposal of US recycling business

The Board is pleased to announce that following its review of the Group’s strategic plan it has, today, disposed of its non-core US recycling business, for a maximum cash consideration of £4.6m (US$6.5m) to AMCS Group (the “Disposal”).

The Disposal will enable the Company to focus its efforts on supplying its market-leading software and services to the energy and commodity sectors and further streamlines the Group.

Under the terms of the sale agreement, AMCS Group has agreed to acquire the entire share capital of Brady US Holdings Inc and Systems Alternative International LLC (together the “Recycling Business”) for a maximum consideration of £4.6m.

The Group is to receive gross proceeds of up to £4.6m less an adjustment for any excess of current liabilities over current assets as determined in the completion accounts (this is estimated to be approximately £0.3m). Brady is to receive approximately £3.6m ($5m) in upfront cash payments, with the balance payable in 18 months following completion.

For the year ended 31 December 2016, the Recycling Business generated revenues of £4.9m and operating profit of £0.8m(unaudited operating profit for 2017 is expected to be £0.3m).

In the latest notified balance sheet for the Group at 30 June 2017, the unaudited gross assets of the Recycling Business were £10.7m and net liabilities were £1.0m. The value of the Recycling Business’ unaudited net assets at 31 December 2017 was £6.4m, including intangible assets attributable to the Recycling Business of £4.6m.

The upfront cash proceeds from the Disposal will strengthen the Company’s balance sheet and, combined with the Group’s net cash as at 31 December 2017, means Brady will have approximately £8m of cash on its balance sheet.

Ian Jenks, executive chairman of Brady, said:

“The Group has substantially achieved the transition of its business to a recurring revenue model. This has inevitably impacted short-term performance. However, the Board is confident that the business is well positioned for sustainable, longterm predictable growth.

“The sale of our US recycling business meansBrady will now have approximately £8m in cash on the balance sheet and that the business is well funded to continue its strategy of moving to a recurring revenue model and investing in our continued product leadership.”

Full details of the Group’s financial performance for the period will be provided in the Preliminary Results, which are expected to be announced in March 2018.

Footnotes

1.   Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) is EBITDA before exceptional items

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

Brady plc

Ian Jenks, Executive Chairman

Martin Thorneycroft, Chief Financial Officer

+44 (0)1223 479479

Cenkos Securities plc                                                              

Camilla Hume

Mark Connelly

+44 (0)20 7397 8900

Redleaf Communications

Charlie Geller

Ian Silvera

      +44 (0)20 7382 4730

About Brady

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global 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, soft commodities and agriculturals.

Brady has 30 years’ expertise in the commodity markets with some300 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners and producers, 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

Brady plc: Twitter/Facebook/LinkedIn

19 September 2017: Gaelectric partners with Brady to address growth plans and regional expansion

Investment to support immediate I-SEM market needs and opportunities and to safeguard future development through adoption of cloud-based modular platform

London, 19 September 2017: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities, and recycling sectors, announced today that Gaelectric Trading and Market Services Limited (GTAMS), one of Ireland’s leading energy trading and market services providers, has selected Brady’s I-SEM Cloud solution. The solution will support Gaelectric’s electricity trading and management needs and provide energy logistics support for Great Britain, the Single Electricity Market (SEM) and the new Integrated Single Electricity Market (I-SEM) for Ireland and Northern Ireland.

As one of the leading companies in the development, operation and management of renewable energy projects in wind, bioenergy and solar in the region, Gaelectric was looking for a knowledgeable and experienced partner to support its trading and operations processes. In addition, it required support for the transition from SEM to I-SEM and for future growth plans and expansion to Continental Europe. Brady’s hands-on approach to knowledge transfer during the project was also a key factor in bringing about the partnership.

Commenting on the new partnership Colin Spain, Head of Gaelectric Trading and Market Services (GTAMS) said: “Brady’s systems and product offering was the clear partner and product choice for GTAMS; the new system will allow us to extend our trading capability and product offering to clients and expand our market coverage. It will allow us to grow our existing business in I-SEM and GB and will assist us in extending our activities in Europe.”

Brady’s range of solutions and services are designed to improve business processes and assist energy organisations to achieve a higher level of business efficiency by providing better insight. For GTAMS a scalable platform was an important requirement to address the company’s immediate trading needs but also to support a growing range of activities through a modular solution approach that could address additional areas of operation.

Ian Jenks, chairman of Brady commented: “Working with an organisation like GTAMS as it transitions its trading operations from an in-house solution to a more scalable, cloud-based software solution is incredibly rewarding. We are very excited to be collaborating with the team as it seeks to address the challenges that the introduction of I-SEM in the all-Ireland market poses and focus on the new market opportunities that this will bring. We have been supporting energy trading and operations across Europe for the past three decades and our market knowledge can only benefit GTAMS as it seeks to grow its energy trading activities.”

Editor’s note:

I-SEM is a new wholesale electricity market arrangement for Ireland and Northern Ireland, designed to integrate the all-island electricity market with European electricity markets in alignment with the European Target Model, which aims to deliver increased levels of competition, security of supply and transparency.

###

About GTAMS

Gaelectric Trading and Market Services Limited (GTAMS) is one of Ireland’s leading energy trading and market services providers. Their activities include providing their partners with innovative routes to market via their Power Purchase Agreements, Supplier Lite Agreements, Supplier Services and Trading & Balancing Services. With over 20 highly skilled staff, bringing experience from European, Australasian and U.S. markets, their team’s understanding of regulatory developments, market design, contract structuring & trading is unparalleled in the all-island market. GTAMS’ contracted portfolio of assets has grown rapidly to 330MW across Ireland and the UK. The business is well positioned regarding the development of I-SEM to leverage the unique experience within the team and provide best in-class service to our partners.

About Brady plc

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling 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, scrap and secondary metals, soft commodities and agricultural products.

Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, 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

29th August: Brookfield Renewable Ireland Selects Brady plc’s I-SEM Cloud Solution


Cloud-based solution to support meeting new wholesale electricity market requirements under the European Target Model to increase competition, security of supply and transparency

London, 29th August 2017: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities, and recycling sectors, announced today that Brookfield Renewable Ireland Limited, a leading owner, operator and developer of wind assets in Ireland has selected Brady’s I-SEM Cloud solution for electricity trading and settlement in the new Integrated Single Electricity Market (I-SEM).

I-SEM is a new wholesale electricity market arrangement for Ireland and Northern Ireland, designed to integrate the all-island electricity market with European electricity markets in alignment with the European Target Model, which aims to deliver increased levels of competition, security of supply and transparency.

As an established player in the Irish market, Brookfield Renewable requires a robust and scalable solution to cover the full trading and operations process for the new I-SEM setup. Brady is leveraging its product knowledge and European market experience to deliver the new I-SEM solution.

Brookfield Renewable Ireland commented: “Brady’s trading and settlement system offered us the capability to build a single bespoke solution to meet the requirements of I-SEM and importantly with the flexibility and scalability to grow with our business as we enter new European markets”.

Ian Jenks, chairman of Brady commented: “The introduction of I-SEM poses significant challenges for all-Irish market participants including those not familiar with the concept of trading and auctions in relation to the electricity market. Brady have developed an I-SEM software product for this market. We are very pleased to build on our existing relationship with Brookfield Renewable by working with them through this exciting period of transition to I-SEM, through market trials, and as these go live. With 30 years’ experience in successfully delivering software to support energy trading and operations across Europe we are thrilled to be able to contribute to Brookfield Renewable’s growth within I-SEM and beyond.”

About Brookfield Renewable

Brookfield Renewable Partners operates one of the world’s largest publicly-traded pure-play renewable power platforms. Its portfolio consists of hydroelectric and wind facilities in North America, Latin America and Europe and totals more than 10,000 MW of installed capacity. Brookfield Renewable is listed on the New York and Toronto stock exchanges.

In Europe, Brookfield Renewable’s portfolio consists of approximately 500 MW of operating wind capacity across Ireland, the United Kingdom and Portugal, and the company has a wind development pipeline in excess of 1 GW.

About Brady plc

Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling 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, scrap and secondary metals, soft commodities and agricultural products.

Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, 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.