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28 April, 2014 - 08:30 By News Desk

Brady bunches up the global deals


Risk management technology from Cambridge UK is driving the strategies of major corporates in the energy, recycling and commodities segments as Brady plc continues to make global progress under CEO Gavin Lavelle.

Shareholders attending today’s AGM were handed a fresh lift from chairman Paul Fullagar who laid out the impressive dealflow generated so far this year by the Science Park business.

Brady provides commodity, energy and recycling software for transaction processing and risk management and is enjoying success across the board.

Fullagar said: “The group has continued to make progress in the year to date, signing three new deals in Energy and two new deals in Recycling. Revenue and profitability in the first quarter have been in line with expectations.”

He said the Brady energy business unit had made significant progress signing deals in the Netherlands and Ireland for its power scheduling and nomination solution, facilitating cross-border trading activities, as well as the first cloud delivery of new energy trading and risk management software.

Recycling signed a substantial deal at the beginning of the year with a Canadian metals recycler, which is already in production at the first sites. This was closely followed by a further contract with a star-up recycling company in Puerto Rico.

Fullagar revealed that the Commodities unit had also enjoyed a significant success. A global trading company that signed a significant contract at the end of 2013 has successfully taken Brady’s software into production.

That’s all ahead of what Fullagar said would be a “traditionally busy second quarter.”

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