Best Newcomer of the Year: Woodlands Solutions
With the rollout of version 5.0 of its innovative and cost-effective Phoenix system in 2011, Woodlands Solutions really stepped up its game in the energy trading and risk management (ETRM) software space, competing with long-standing players and scooping Energy Risk’s Best Newcomer of the Year 2012 award
The Texas-based company was founded in 2008 on the idea that the existing ETRM systems were too expensive, complex to install and difficult to manage, says Michael Muse, president of Woodlands Solutions. “We wanted to create something that would provide the functionality of the major ETRM vendor systems but at a much lower cost.”
This is something its customers believe it has achieved. “[Woodlands’] solution contains the functionality of the major ETRM providers without the major provider price
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