While Triple Point has recently released a raft of announcements noting multiple sales of products derived from their acquisition of INSSINC earlier this year; according to the rumor mill, they are not talking about what would be the largest license deal in the history of the ETRM/CTRM market.

According to multiple sources, the company has closed a deal with Cargill to supply Commodity XL to their global trading operations in a transaction that’s valued somewhere in the neighborhood of $20 to $30 million dollars in licenses alone. Again, while Triple Point isn’t talking (”we don’t comment on rumors”), it’s been known for some time that Cargill has been looking to upgrade their systems and has been talking to multiple vendors. If the rumor is true, and all indications are that it is, the total deal size could be north of $60 million with services and support. Given Cargill’s global reach and wide portfolio of traded commodities (including agricultural and energy), this deal would certainly be further validation of Triple Point’s strategy of reaching beyond just the energy space and focusing on the wider commodities markets.

In previous conversations with the folks at Triple Point, they’ve said that they’re not seeing any slowdown in the markets, despite signs of distress on the part of some of the other vendors, including a significant layoff last week at one of their competitors. It clearly doesn’t take many deals like this one to make for a very good year.

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