I had a conversation with the leadership team of Aspect Enterprise Solutions (formally OilSpace) including Steve Hughes, president, and Amir Kazmi, their SVP of operations, a couple weeks ago. According to Steve, the company has been seeing quite a lot of success for their AspectETRM solution, a product that provides front, mid and back office functionality for wholesale market players in the crude, gas, metals and ag markets. According to Steve, they closed a number of new deals in 2008 and are seeing similar success in 2009. In fact, the company has already achieved their full year targets for new deal signings and profit growth, and they see that momentum continuing through the end of the year.

While the company is, like many of their competitors, constrained in disclosing new client names, Steve let me in on few with the assurance I wouldn’t tell. I can say that their new clients include companies around the globe, transacting in crude, gas and number of other commodities, and include smaller regional players as well as very large, global trading groups and industrial concerns.

The AspectETRM product is part of a family of applications serving the energy trading markets. In addition to their ETRM solution (deployed via a SaaS model), the company also produces a leading price, news and market information portal - AspectDSC (which has been recently expanded to include ag coverage in addition to crude and metals), and a deal capture/position keeping system for small market players called TradeFlo. All told, the company now has more than 500 clients in 65 countries.

If you’d like to find out more about Aspect, you can visit their website at www.aspectenterprise.com.

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