Headquartered in Miami, World Fuel Services is a global fuel logistics company, principally engaged in the marketing, sale and distribution of marine, aviation and land fuel products and related services. World Fuel Services sells fuel and [image-nocss] delivers services to its clients in 200 countries and at more than 6,000 locations, including airports, seaports, tanker truck loading terminals and other customer storage locations. Land customers include petroleum distributors, retail petroleum operators and industrial, commercial and government accounts.
"Price volatility is driving the rapid adoption of sophisticated, enterprise risk platforms by energy and commodity companies," said Peter F. Armstrong, president and CEO of Triple Point. "Triple Point has become the solution of choice amongst fuel marketers, and we look forward to supporting World Fuel Services now and in the future."
World Fuel Services licensed Commodity XL for Oil, Gas, Emissions, Credit Risk, Hedge Accounting, and Fair Value Disclosure. The company also purchased Triple Point's interactive business intelligence module, Commodity XL Management Dashboard and Commodity XL PhysOps 'Visual Cockpit' to help schedulers plan, conduct, and optimize shipments in real time.
Westport, Conn.-based Triple Point Technology is a leading provider of software for end-to-end commodity management. The global company provides solutions to competitively address the complex commodities value chain: buying, selling, trading and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting. Triple Point's Commodity Management platform enables more than 260 customers in more than 35 countries to manage exposure to energy and raw materials across industries including energy; metals; agriculture; transportation; shipping; consumer products (CP); discrete manufacturers; and big-box retailers.
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