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New Contracts

29th Nov 2012 07:00

RNS Number : 2646S
Brady plc
29 November 2012
 



29 November 2012

 

 

Brady plc ("Brady")

 

New Contracts

Brady, the leading global provider of trading, risk management and settlement solutions to the energy, metals, recycling and commodities sectors, is pleased to announce the following three new licence deals:

Brady has secured two new contracts with an existing client. The company, one of the world's leading diversified commodity trading houses managing the global supply chain of agricultural and energy products, metals and minerals has selected further Brady solutions to support both its global cotton business, with deployment in the USA, Brazil & Singapore, and its metals warehousing activities.

In addition, a newly founded company, based in Geneva, involved in the procurement of coal primarily sourced in Eastern Europe will implement Brady's end-to-end coal trading solution to support its growing coal trading business with efficient business processes, improved position analysis and risk reporting as well as optimising the decision-making process for the business.

Gavin Lavelle, CEO of Brady commented: "We are delighted to have signed a significant deal with a leading multi-commodity trading house to provide a solution to manage a global business line for them. This endorses our strategy of being able to cross-sell into our client base. It is also exciting to be able to assist a new company in the coal trading space to manage their trading and risk requirements to achieve their vision of creating a multi-commodity physical trading business."

 

 

For further information please contact:

 

Brady plc

Gavin Lavelle, Chief Executive Officer

Tony Ratcliffe, Finance Director

Telephone: +44(0)1223 479479

 

Cenkos Securities plc

Ivonne Cantu / Camilla Hume

 

 

Telephone: +44 (0)20 7397 8900

Redleaf Polhill

Rebecca Sanders-Hewett / David Ison

Telephone: +44 (0)20 7566 6720

 

 

 

 

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, unrefined and scrap metals, soft commodities and agriculturals.

Brady has 25 years' expertise in the commodity markets with some 300 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, recycling companies, scrap processors, 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

This information is provided by RNS
The company news service from the London Stock Exchange
 
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