ZMB GmbH Goes Live With SunGard’s FAME Energy Enterprise Data Management Solution
SunGard (http://www.sungard.com) today announced that German energy company, ZMB GmbH, has implemented SunGard’s FAME Energy data management and analytics solution, EnergyScope (http://www.sungard.com/fameenergy). ZMB GmbH, a natural gas supplier to over 20 markets across Europe, uses FAME Energy to help manage its gas pricing data and support optimal operation of its gas storage facilities and long-term contracts.
“Gas storage is a major consideration for our company and we need to predict how gas prices will develop in the future in order to optimise our decisions for storage operations,” said a spokesperson for ZMB. “Our contracts with customers are based on forward prices making the generation of accurate forward curves paramount to our business. SunGard provides us with both the depth and breadth of data and functionality to build and analyse forward curves. The EnergyScope solution helps us to achieve a reliable basis for forward price estimation to support day-to-day trading decisions by helping us to organise, update, and analyse energy market and reference data efficiently.”
ZMB also uses EnergyServer, SunGard’s FAME Energy solution for the enterprise-wide consolidation, management and integration of energy data. “By replacing multiple disparate feeds with one consolidated fully managed feed provided by FAME Energy, we have streamlined our data acquisition process, addressing disparate data issues and reconciling business processes,” said ZMB’s spokesperson.
Ian Gordon, managing director of SunGard’s FAME Energy business, said: “We are pleased with the impact that SunGard’s FAME Energy has had on ZMB’s business processes. Data inconsistencies pose great challenges to European energy companies. FAME Energy helps energy companies to overcome these challenges by providing reliable and accurate energy data management.”
About ZMB GmbH
ZMB GmbH (ZMB) founded in 1993 is a wholly-owned subsidiary of GAZPROM Germania GmbH. The company is focused on the marketing of natural gas of Russian and Central Asian origin in Europe. The core business areas are production, trading and storing of natural gas. Via its subsidiaries Gazprom Marketing & Trading Ltd., ZMB operates in the UK, Belgium, the Netherlands, France and the USA on the one hand, and via ZMB (Schweiz) AG in Eastern Europe and CIS countries, on the other hand. Currently more than 20 countries in Central and Western Europe are supplied with gas.
About SunGard FAME Energy
FAME Energy provides enterprise data management, decision support, and quality-checked managed data services to support energy traders, research analysts and risk managers of energy companies and financial institutions. Used by oil, power and gas companies, and financial institutions, FAME Energy provides Web-based, desktop charting and analysis capabilities for energy trading, market analysis and risk management; hosted or on-site data management for managing, manipulating and distributing energy information across the enterprise.
With annual revenue exceeding $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, EnergyScope, EnergyServer and FAME are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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