Brady Technologies acquires risk management platform CRisk
Brady Technologies, a leading provider of energy and commodities trading, risk and logistics management software, has announced that it has acquired CRisk, an enterprise risk management platform for the energy and commodities markets.
CRisk’s software enables physical and financial trading participants to globally manage their credit and liquidity risk on a modern, intuitive platform. The acquisition will strengthen Brady’s extensive risk management and analytics capabilities.
“The acquisition elevates our market position in the risk management space and demonstrates our commitment to grow this business,” said Bernard Delahaye, CEO of Brady. “Ongoing market volatility and stressed supply chains continue to present major challenges for energy and commodity trading companies. We are committed to helping these businesses mitigate their credit risk profiles and increase their earnings potential in an agile and cost-efficient way.”
The CRisk platform serves companies trading physical and financial asset classes with a single solution built by renowned industry specialists that is both sophisticated and intuitive.
“Core areas include internal scoring, OTC margining, counterparty exposure management, credit mitigation, pre-deal checking, liquidity risk and targeted alerting – all in a real-time architecture,” said Lars Ribjerg, Managing Director of CRisk. “We are excited to be part of Brady’s growth and expansion strategy and look forward to supplementing their solutions with our best-in-class advanced risk and analytics capabilities.”
“There are strong synergies between our organisations with our heritage in the European energy markets,” said Ali Celik, Managing Director of CRisk. “With this combination, we will be empowered to roll out our product innovation plans and continue to address the evolving needs of both established and fast-growing energy and commodity companies.”