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Major European Utility Migrates Italian Market Portfolio to Xenon

London/New York, March 2011 A major European utility has migrated its Italian market portfolio to Xenon 5.3. This project involved multiple months of data migration work, including deal modeling, automation tools and reconciliation.

"We are glad to support our clients in the business change efforts, and of course are happy to have more trades and users running on the Xenon platform." said Philip Renton, VP of Consulting and Head of Product Management. "We look forward to working with our clients and ensuring that they get the most value possible out of our software."

Sakonnet's project work included advising on the overall migration plan, detailed deal modeling, the design and implementation of automated migration tools, and training for end-users. At all stages Sakonnet ensured that the client's end objectives of full reconciliation and on-time production use would be met.

US/Europe: Eric Min   eric.min@sknt.com  +44 20 7808 1000
Asia: David Wang   david.wang@sknt.com  +86 10 8441 7982

About Sakonnet Technology
Sakonnet Technology is full service consulting and technology firm focused on trading and risk management solutions in the natural gas, crude oil, power and commodity markets. Sakonnet's consultants provide practical advice on best practice implementation frameworks and have held senior roles at international investment banks, energy and technology companies.

Sakonnet is also the developer of XenonTM, an advanced technology platform specifically designed for trading and risk management. The company is privately-held and has operations in New York, London, Rio de Janeiro and Beijing.

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