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WellPoint Energy Broker Solution Selected by Plains Midstream

If companies in the enterprise solution business regularly secure contracts from end-users it usually signifies the increasing acceptance of the company’s product s and irrefutable growth of its business.  Canadian Venture listed WellPoint Systems Inc (TSX-V: WPS) has been securing contracts from many end users and has also been actively introducing new products and features to the market.

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If companies in the enterprise solution business regularly secure contracts from end-users it usually signifies the increasing acceptance of the company’s product s and irrefutable growth of its business.  Canadian Venture listed WellPoint Systems Inc (TSX-V: WPS) has been securing contracts from many end users and has also been actively introducing new products and features to the market.

Indicating its continued progress in the market WPS announced that their Energy Broker commodity trading and risk management solution was selected by Plains Midstream Canada (Plains), to use in its crude oil marketing business. Plains is engaged in the crude oil transportation, gathering, marketing, terminalling and storage as well as marketing and storage of liquefied petroleum gas and other petroleum products (collectively, "LPG"). The company has operations in over 40 U.S. states and in five Canadian provinces.

WellPoint has broken new ground with the creation of a comprehensive, integrated oil and gas software solution powered by Microsoft Dynamics AX. Energy Broker provides dynamic and innovative marketing, scheduling and nomination software designed to manage complex pricing scenarios, streamline supply and demand analysis, manage contracts and provide detailed administrative, management and executive reports in multiple languages and currencies.

The Energy Broker solution was designed to address the complex transactional requirements of small through large organizations, needing anywhere from one through several hundreds of seats. Energy Broker helps to increase productivity, minimize risk and maximize margin by providing real time operational visibility.

The ability to meet requirements of Plains further indicates the robust nature of WPS Energy Broker Solution. A delighted President/CEO Richard Slack, reckons that the Energy Broker solution provides significant competitive advantage to companies like Plains by offering a cost effective solution with deep industry functionality. Energy Broker is beginning to build positive momentum in key North American markets stated Slack.

Ambitious plans are in store at WPS. During our previous conversation with the management it was confirmed that they will accelerate their efforts to enter into agreements with national oil companies and international oil and gas companies in the coming months both directly and through channel partners.

As economic fundamentals improve around the world, companies in the oil services industry are expected to benefit. As rising energy prices prompt increased exploration activities companies such as WPS are well poised to attract the attention of other companies in the industry. WPS has already introduced several important products to the market including WellPoint Intelligent Dashboard and is the only Independent Software Vendor (ISV) and Microsoft Dynamics partner dedicated to the energy sector. Despite the global recession, the company reported record revenue, EBITDA and net income for the quarter and nine months ended September 30, 2009.

About WellPoint Systems Inc.
WellPoint provides premier software and related services for managing critical operations within the energy industry. As a Microsoft Gold Certified Partner since 2005, WellPoint is the only Independent Software Vendor (ISV) and Microsoft Dynamics partner dedicated to the energy sector. It is breaking new ground with the creation of a more comprehensive, integrated energy software suite based on existing Microsoft ERP technology that utilizes state-of-the-art Dynamics AX® and .NET architectures. WellPoint also provides software and services under the BOLO, IDEAS International and iSoft brands. The company has operations in Denver, CO, Houston, TX, Livingston, NJ, Tampa, FL, Tunis, Tunisia and Pretoria, South Africa.

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