© Sakonnet Technology, 2005.  All Rights Reserved

SAKONNET EXPANDS IN EUROPE

London, 1 March, 2006 - As part of its continuing expansion in Europe, Sakonnet Technology, the leading provider of subscription-based energy trading and risk management software, has moved to new offices in London.

Sakonnet remains in the heart of Westminster, but is now located at: Artillery House, 11 - 19 Artillery Row, London SW1P 1RT.

Sakonnet has taken an entire floor of this historic building, and crafted a platform perfectly suited for dialogues with clients and remote delivery and support of its software, Xenon®. The space has trading-floor type technical and customer support desks for Sakonnet's European clients and conferencing facilities. Its state-of-the-art infrastructure includes a scalable server room.

The move is due to the sustained growth that Sakonnet has enjoyed over the last five years. "Our European user base has grown steadily, and we have increased our staff to ensure they receive a very high level of service, including immediate responses to queries in the trading day" commented Sakonnet's London-based Chief Operating Officer, Eric Min. "On a purely practical level we needed the space and infrastructure for our larger team. But the new premises also reflect Sakonnet's values of providing a distinct offering of software and services to long-term clients."

Since its foundation in New York City in 1999, Sakonnet has evolved into a truly international company, covering energy markets across all of Europe and North America, and starting offices in London in 2001 and Rio de Janeiro in 2005.

CONTACT:
Eric Min
eric.min@sknt.com


Notes to editors:
Artillery House is a Grade II listed building in Art Deco style with a unique frontage of columns in white tile, built in 1930 to a design by the prominent English architect, Maurice Webb. He started his career working in a firm with his father, Sir Aston Webb, the leading English architect of the Edwardian era, whose work includes the current façade of Buckingham Palace.

About Sakonnet Technology
Sakonnet Technology is the market leader in Software as a Service (SaaS) for energy trading and risk management. Sakonnet's expert international teams provide an unrivalled level of hosting, support, upgrade and consulting services linked to its advanced Xenon® platform. These services along with Xenon's streamlined interfaces and workflow, transform the end-user experience, resulting in higher productivity, stronger risk control and a trading edge. Sakonnet addresses the needs of energy companies, banks and hedge funds trading in power, natural gas, crude oil and related markets and has offices in New York and London.

Sakonnet Technology
New York Office        London Office                 
+1 212 343 3170      +44 (0) 207 960 6043     
www.sknt.com

Media Contacts:
Alastair Turner
SPARX Communications
+44 (0)17 5389 3000
alastair@sparxgroup.co.uk

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