Brady Acquires Navita Systems
Brady, a supplier of trading and risk management solutions for energy, metals and soft commodities, has acquired Navita Systems, a provider of software and services to the global energy and commodity trading community. This acquisition will further extend Brady’s footprint in the energy market as Navita’s solutions support trading and risk management in a number of segments already familiar to Brady, including electric power, gas, emissions / carbon and related commodities.
Furthermore, Brady will gain an extended functional footprint in the areas of physical power and gas, as well as data management, scheduling and nominations, which will enhance its current product offering to the energy markets.
“The completion of this acquisition will represent a significant step for Brady in our strategy to accelerate growth in our energy business and builds on the success to date of our Viz Risk Management acquisition in December 2010,” said Gavin Lavelle, Brady chief executive officer (CEO). “The extended solution set which the combined company will bring to the market offers best of breed solutions, enabling customers to benefit from a one-stop shop for both their physical and derivatives trading and risk management solutions.”