ZE PowerGroup Inc. ® (ZE), the developer of award-winning ZEMA Suite ™, announced that its recently compiled financial report indicates one more record year. For the fiscal year ending May 31, 2010, all key performance indicators of the company have reached new highs in revenue, income, human resources, research expense and net profit; exceeding the 2009 levels by at least 25% in each category. A better indicator of ZE's growth is measured by the performance during the recent economic crisis. Over the past two years ZE has more than doubled its software client base by over 50%. ZE's client profile has also broadened. The ZEMA software is being used by utilities, hedge funds, financial institutions, large industrials, marketers and multinational organizations across all commodity classes. As an example of ZEMA's success, over the last two quarters of operation alone, ZE has supported the addition of 13 new implementations.
In terms of product offerings, ZE has released a substantially enhanced version of the ZEMA Dashboard and developed a robust derivative forward curve building and workflow engine. Further, ZEMA has extended its services and APIs, helping to create generic interfaces to several downstream ETRM and analytical systems. Upcoming releases include SQL Server support and ZEMA 4.0.
Dr. Zak El-Ramly, President and CEO of ZE elaborated on last year's performance, "What is encouraging is the ability to grow our client base while we are expanding our products and services in addition to sustaining the high quality of service, as measured by our clients. This stable growth is fully funded by ZE's own earnings without resorting to third party financing in any form."
Waleed El-Ramly, COO of Product Development comments on ZEMA's success, "I think that the uptake by the industry of ZEMA is because the market is starting to realize that our software is aligned with their existing technical architecture and their business goals. Our system is very robust and the ease of implementation is something that they are very happy with and have not experienced in the past. Integration with a client's own processes and systems doesn't have to be a risky, lengthy or expensive exercise. ZEMA provides our clients with access to all the market data they need, is supported by strong software tools and the expert advice that is required to make clients' projects successful."
In the early part of 2010 ZEMA has been highlighted in the "Cool Vendors in Energy and Utilities" industry research put out by Gartner, Inc. and has been awarded “Data Management House of the Year” by Energy Risk, for a second year in a row (2009 and 2010), and was ranked against its competitors as #1 for preferred system, #1 for ease of system integration and #1 customer service in the annual Energy Risk Software Survey. In recognition of its role as a technological leader in the industry, ZE is holding its first ZEMA User Forum and organizing a conference for "Enterprise Data Management for Energy and Commodities" in October.
The outlook for ZE for the coming year is very bright. With strong revenues, government research and development funding and a healthy pipeline of prospective clients, ZE is preparing to take on the challenges that come with success while continuing to maintain its high level of customer service and support.
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