Headquartered in Örebro, Sweden, Scandem also has operations in Norway and Finland. Scandem provides intelligent energy procurement services to large energy consumers and producers by offering them direct access to the power market and managing their physical and financial contracts. Its customers include power utilities and generators where Scandem handles the sale of electricity provided by the Nord Pool power exchange, NASDAQ or through the OTC market.
Brady ETRM manages financial derivatives and physical energy commodities and will benefit Scandem by providing unrivalledsupport for the Nordic market and its associated instruments across electricity, emissions, certificates, CFDs and currencies.
According to Örjan Thoren, CEO of Scandem, "Having relied on Brady energy solutions for several years and following a recent review of all the leading vendors in the space, it was clear to us that Brady provided all the advanced functionality to meet our needs, the lowest implementation risk and the most credible customer references in the Nordic markets, with the largest install base in the region. Additionally, we find the team at Brady very responsive and easy to work with, resulting in a great partnership." Continuing he added: “Already using Brady’s Energy Data Management solution for our business, we now have the the very best solution for both the physical and financial energy markets supported by a single vendor.”
Says Gavin Lavelle, CEO of Brady: “Key to Scandem’s requirements was the best solution able to meet its requirements for portfolio management, automated business processes, regulatory reporting and customer reporting, as well as specific functionality and expertise in its core markets, which are strong features of our offering. I am delighted that our partnership with Scandem is further strengthened and look forward to working closely with customers like Scandem to continually refine our solution offering to ensure we meet current and future market requirements.”