Contact:
Ann Puckett
ROME Corporation
512.347.3200
press@romecorp.com
FOR IMMEDIATE RELEASE
ROME CreditRisk Selected by FirstEnergy
ROME Corporation provides leading electric utility with risk-assessment tool
Austin, Texas — September 6, 2006 —ROME Corporation, the leading provider of credit risk management solutions for the energy market, today announced that FirstEnergy Corp. (NYSE: FE), a diversified energy company headquartered in Akron, Ohio, has selected ROME CreditRisk. FirstEnergy will utilize ROME CreditRisk to assist in its efforts to measure and mitigate exposure, allocate credit, monitor collateral, and report enterprise-level risk.
"We are delighted that FirstEnergy selected ROME to support their enterprise-wide credit risk management initiatives,” said David Achim, President & Chief Executive Officer at ROME Corporation. “By consolidating data from disparate systems, ROME’s robust integration capabilities allow organizations to transform data into valuable business information.”
ROME’s suite of credit risk management products are designed around an open, standards-based architecture for easy integration with each other and existing enterprise standards and platforms. ROME’s industry-leading technology is the only flexible and scalable web-based solution in the marketplace designed to meet both evolving business and IT requirements.
About ROME Corporation
ROME Corporation is a leading enterprise software company delivering enterprise risk management solutions to companies in the energy marketplace. ROME’s suite of credit risk management products work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure.
ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston, and can be reached at 512-347-3200 or www.romecorp.com.
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