RIO DE JANEIRO, BRAZIL -- (Marketwire) -- 02/19/13 -- Triple Point Technology, the leading global provider of on-premise and in-cloud Commodity Management software, announced today that it has established its new Latin American headquarters in Rio de Janeiro, Brazil to service its rapidly growing customer base in the region.
The new Latin American headquarters enables Triple Point to deliver exceptional customer support throughout Latin America. Notable market-leading organizations such as Petrobras (Brazil), Vale (Brazil), NORSUL (Brazil), Navieras Ultragas Limitada (Chile), Anglo American PLC (Brazil), Mercon Coffee Group (Guatemala), Peñoles (Mexico), and Samarco (Brazil) rely on Triple Point solutions for Commodity Management.
"Latin America has always been an important market to Triple Point, with Petrobras first becoming a customer back in 2000," said Peter F. Armstrong, chief executive officer, Triple Point. "More and more companies across Latin America are realizing that today's volatile business environment can only be managed effectively with an advanced Commodity Management solution, and our new Rio office enables us to meet the increased need."
In addition to rapid expansion in Latin America, Triple Point has experienced strong growth worldwide. The accelerating, widespread adoption of Triple Point's products in new target industries and markets has resulted in a 5-year cumulative average growth rate (CAGR) in revenue of over 35%, with profits increasing more than 50% on average year-over-year.
Triple Point will be hosting a reception at its new Latin American headquarters on 26 February. For more information, please contact Vivian Usui at +55 21 3037-9952 or at email@example.com.
About Triple Point Technology
Triple Point Technology® is the leading global provider of on-premise and in-cloud Commodity Management software that delivers advanced analytics for optimizing end-to-end commodity and energy value chains. The company provides innovative solutions for managing all aspects of volatile commodity supply chains: trading, procurement, enterprise risk management, logistics, scheduling, storage/inventory, processing, settlement, and accounting. Over 400 customers in 35+ countries across industries including energy, metals, minerals, chemicals, agriculture, shipping, consumer products, food and beverage, retail, and manufacturing depend on Triple Point solutions. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The company employs over 850 staff in 15 offices and support centers worldwide. www.tpt.com.
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