AEGIS acquires InstaNext
AEGIS Hedging Solutions announced today that it has acquired InstaNext, a leading provider of energy/commodity trading and risk management (“E/CTRM”) software.
InstaNext, founded in 2013, is among the first E/CTRM software to be fully delivered from the cloud. InstaNext serves companies that produce, consume, buy, or sell commodities, enabling each to store, value, and assess their hedge positions as they manage against commodity price and rate volatility risk.
“InstaNext has transformed the delivery of E/CTRM software,” said Bryan Sansbury, Chairman, and CEO of AEGIS. “Integrating InstaNext’s E/CTRM with AEGIS’ analytics, trading, and workflow automation platform will increase the rate of innovation for current customers and offer a powerful alternative for companies that understand the challenges with implementation, maintenance, and ongoing costs of legacy E/CTRM platforms.”
In addition to robust support for energy-related products, the InstaNext E/CTRM platform supports agricultural products, metals, interest rates, and foreign exchange rates, further accelerating AEGIS’ entrance into the manufacturing, transportation, and services sectors. By integrating its patented risk analytics, AEGIS will enable customers to model and manage a range of profit and cash flow outcomes directly from its industry-leading platform.
Elie Zabal, CEO of InstaNext added,
“Commodity prices and rates are driving higher and putting cash flow at risk for too many companies. We are excited to join AEGIS at a time when the need for powerful technology, insightful analytics, robust trading tools, and world-class expertise has never been more important for companies navigating these risks.”