Brady Technologies

Our history

Brady PLC enters the European energy market

Brady enters the European energy market with the acquisition of Viz Risk Management and its curve trading and risk management (ETRM) offering ‘Elviz’. With a strong customer base across the Nordics, where the power market was evolving to become the most liquid in the Europe, Brady set its sights for expansion in this area.

Expansion in European physical power

In early 2012 Brady acquires Navita, with its flagship physical power trading operations platform – Energy Data Manager ‘EDM’, offering specialist functions for time-series energy data management and back office processes. EDM was initially developed at Norway’s Institute of Energy Technology, an internationally acclaimed research centre. EDM’s domain experts helped shape the market design of the first power trading exchange in Europe, which evolved over the years to become Nord Pool.

A broader energy portfolio comprising financial and physical trading platforms, helps to consolidate Brady’s position as a leading energy trading software vendor in Europe.

Later in 2012, Brady acquires Syseca to introduce ‘EDIS’, a power scheduling solution and ‘EBIS’, a power balancing solution. These solutions help physical power trading participants adhere to Transmission System Operator communications protocol across 30+ European markets.

Stepping into credit risk management

In early 2015 Brady acquires Energy Credit, introducing a credit risk management focused software solution that compliments its CTRM and ETRM offerings. Energy Credit’s customers include multi-national oil and gas majors and power utilities.

The Brady Compass

2019 sees the development and roll out of The Brady Compass, created out of a set of leadership commitments: Inspire, Be Close, Believe and Deliver. These points represent a commitment to the actions and behaviours we believe are most important to exhibit for the success of our people and our business. The Compass and its commitments establish the foundation of our Brady culture and continue to embed into each of our day-to-day dealings, decisions and interactions.

Becoming carbon neutral

Brady achieves certification as a Carbon Neutral Company. Brady selects two Gold Standard carbon offset renewable energy projects which are aligned with our investor’s sustainability goals of driving efficiency and clean energy. The projects use wind and solar energy respectively to create electricity for the local population, replacing fossil fuels and helping to create sustainable development whilst reducing greenhouse gas emissions. Brady is committed to leading the industry in minimising the impact of its activities on the environment and helping to reduce the spread of climate change and resource depletion.

Brady becomes privately owned and officially known as Brady Technologies

Hanover Investors (‘Hanover’), a UK headquartered specialist investor firm acquires Brady. Hanover operates companies with activities across the globe. A deep understanding of a company’s operational and strategic context is at the centre of the firm’s investment process, refined over decades of hands-on management of small to mid-size organisations.

Hanover focuses on an investment’s main levers of value creation, providing its portfolio with access to proven “playbooks” and a Hanover bench of specialists. This approach has delivered a market leading record of returns for over 20 years.

The firm puts a very strong emphasis on building and developing its team, attracting diverse talent, as well as providing personal and career growth.

New product innovation in short-term power trading

The growth of short-term power trading in response to increasing decarbonisation and decentralisation of European energy markets, leads Brady to develop its first SaaS solution. PowerDesk helps traders secure profits faster with intelligent visualisation of live P&L, net open positions, direct trading on EPEX and Nord Pool and TSO connectivity from a single dashboard. PowerDesk is shortlisted for the Energy Awards 2021 as a finalist for Digital Innovation of the Year: Data, Insight and Dashboards.

Brady accelerates growth with cloud native products

In August, Brady appoints a new executive team with renowned industry veterans and domain experts to accelerate the transformation and the growth of the company.

In September, Brady acquires CRisk, an enterprise risk management platform designed for European energy and commodities markets.

2 months later, Brady acquires Igloo Trading Solutions (“Igloo”), a next generation, ETRM platform for European energy markets.

Both of these acquisitions introduce cloud native, modern UX solutions to Brady’s portfolio, to support greater agility, efficiency and performance demanded by market participants today.

Brady is a winner

In April, Brady soars over 20 places to no. 6 in Chartis Research’s Energy50 report, evaluating the world’s top vendors of trading and risk management software in energy markets. Brady is the 2022 winner of the category awards for low-latency trading for power markets.

In June, Brady PowerDesk wins an Energy Award for Digital Innovation of The Year: Data, Insight and Dashboards.

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