CEZ Group Taps DataGenic to Provide Trading Data Management Solution

CEZ Group Taps DataGenic to Provide Trading Data Management Solution
23.11.2016 10:45 am

CEZ Group Taps DataGenic to Provide Trading Data Management Solution

Data Management

DataGenic, a leading provider of commodity data management solutions, announced today it has been selected by CEZ Group, the Czech integrated electricity conglomerate with operations in a number of countries in Central and South-Eastern Europe and Turkey, to implement its flagship Genic DataManager solution and supporting software modules.

Following a competitive and extensive selection process, CEZ Group selected DataGenic to replace a combination of in-house and third party applications with their award winning commodity data management solutions. Capable of providing an automated, quality assured and auditable approach to data collection, storage, distribution, and analysis DataGenic's suite of products proved to be the perfect fit to meet CEZ's demanding requirements. DataGenic will be partnering with the Prague based Deloitte Advisory s.r.o. to successfully deliver the implementation project.

The recommended solution will include:

  • Genic DataManager - DataGenic's flagship solution
  • Genic QualityManager - A rules-based engine for the automation of simple to complex data validation and derivations
  • Genic WorkFlow - To automate, manage and monitor business processes
  • Genic LiveConnect - To monitor and collect real-time pricing and events
  • The provision of regional power & gas data feeds (fundamentals & pricing)
  • Multiple system integrations, including Trayport and Openlink

"We are delighted to have been selected by one the major energy providers in Central and Eastern Europe to play a crucial part in the overhaul of its approach to Trading Data," said Richard Quigley, CEO of DataGenic. "I am confident the partnership between DataGenic and Deloitte will deliver a solution that significantly improves CEZ's ability to acquire, processes, validate, manage and distribute its trading data, therefore enhancing its ability to manage and mitigate trading risk."

Related News

EDM Council launches Cloud Data Management Work Group to develop Best Practice Framework to accelerate cloud adoption

EDM Council, the leading trade association for data management, has launched the Cloud Data Management Capabilities (CDMC) Best Practices Work Group. This new... Read more »

Acronis recognised as a Visionary in Gartner 2020 Magic Quadrant for Data Centre Backup and Recovery Solutions

Acronis, a global leader in cyber protection, was positioned in the Visionaries quadrant in the Gartner 2020 Magic Quadrant for Data Centre Backup and Recovery... Read more »

Pure Storage Unveils Purity 6.0 for FlashArray, Delivering Agile Data Services to Enable the Modern User Experience

Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced Purity 6.0 for FlashArray™, the latest version... Read more »

TIBCO Delivers Advanced Cognitive Services on Microsoft Azure to Joint Customers

TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect,... Read more »

Solidatus releases seamless integration with Collibra

Solidatus, the leading data lineage and business relationship mapping... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel