Copperleaf Named as a Cool New Vendor in Energy and Utilities by Leading Analyst Firm
Vendors selected for the Cool Vendor report are innovative, impactful and intriguing
Vancouver, BC, March 14, 2007 – Copperleaf, a leading provider of Asset Investment Planning (AIP) solutions, today was included in the list of Cool Vendors in the Cool Vendors in Energy & Utilities 2007 report prepared by Bradley Williams, Zarco Sumic and Kristian Steenstrup of Gartner Inc.
Asset investment planning is a hot topic in the energy and utilities market today because executives and stakeholders want greater confidence in how organizational resources are being allocated over multiple years.” said Lynn Casey, President and CEO of CopperLeaf. “Aging assets, aging workforces, increased demand, and mounting regulatory pressures are making asset planning an increasingly critical strategic process. We designed our technology to help asset-intensive organizations systematically analyze and prioritize spending across multiple constraints to best meet business objectives. The result is the ability to effectively communicate to stakeholders the needs of the asset base relative to performance objectives, risk tolerances, business constraints, and market conditions.”
The report identified Gartner’s top picks for emerging technology vendors that are best positioned to help meet the mounting issues facing energy and utility companies, including pressures to optimize asset investment decisions, improve operational excellence, drive efficiencies, and support environmental sustainability. Vendors were selected on the basis of innovation, impact, and intrigue.
The report highlights that ESP can benefit numerous stakeholders by leveraging more-advanced asset management capabilities into planning and budgeting processes, streamlining and extending analytical capabilities beyond spreadsheets, and demonstrating customer and business value of investment plans and budgets.
ESP is an enterprise-wide AIP solution that drives an asset-centric approach to planning and budgeting for asset-intensive organizations. It connects disjointed processes through a single tool designed to support investment decision analytics in asset intensive organizations. Analytics include expenditure identification, investment portfolio optimization using multiple attributes, financial and performance modeling, risk analysis, budgeting and performance reporting. ESP is a multi-year, multi-user web-based solution that allows comprehensive plans to be created and analyzed while avoiding the problems inherent with managing organization-wide spreadsheets models or creating work orders and project IDs for planning. Advanced modelling and decision support analytics allow users to leverage information about their assets, the market, constraints, and business objectives to drive asset performance.
About Gartner’s Cool Vendors Selection Process
Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.
Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have or will have business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.
About CopperLeaf Technologies
CopperLeaf Technologies Inc. provides leading Asset Investment Planning (AIP) solutions that enable asset intensive organizations to maximize the life cycle value of their assets. CopperLeaf provides thought leadership and the enabling technologies to improve the long-term performance of energy companies, utilities, transportation, government, and other asset intensive organizations. Its solutions are built on a base of extensive experience in strategy and business process consulting to asset-based organizations. CopperLeaf brings together the skills of management consultants and technology professionals who have assisted clients worldwide to implement best practices in finance, planning, engineering, asset management, and rate design. For more information visit www.copperleaf.com.
For further information, please contact:
CopperLeaf Technologies Inc.
Office: 604.639.9700
Email: Media Relations