Trilogy is a leading provider of Saas-based C/ETRM and ERP Software and Fractional Services for midstream oil and gas companies. The Integrated Energy System (TIES) is a fully integrated solution for producer services, gatherers and transporters, marketers and traders, and natural gas processors which is offered on premise and in the Cloud.
Market Research firm MMR estimates that the Energy Trading and Risk Management (ETRM) market size is expected to reach 2.4 Billion by 2029, growing at a compound annual growth rate of 5.6% during the forecast period. The market size in 2021 was roughly 1.66 Billion. “We’re really excited to break into the ETRM space. The total addressable market size is significant, and the industry is saturated with legacy products which lack creativity and scalability and are costly to maintain”, said Josh Stein, Principal of Crude Street.
“We’re thrilled with the acquisition by Crude Street which gives us immediate access to capital, and a large pool of development resources which have extensive experience within the energy trading and risk management space,” said Jeremy Frye, President and Chief Product Officer of Trilogy Effective Software Solutions.
The company will change their name from Trilogy Effective Software Solutions to Trilogy Energy Solutions and will move all digital assets to the trilogyes.com domain.
Melody Ashby from Meyer Law assisted with the transaction.
Trilogy is a leading provider of C/ETRM, ERP and Fractional services for midstream oil and gas. Their Integrated Energy System (TIES) is a fully integrated solution for producer services, gatherers and transporters, marketers and traders, and natural gas processors which is offered on premise and in the Cloud. For more information, please visit https://www.trilogyes.com.
For media inquiries or further information, please contact: