Allegro, a leading provider of energy trading and risk management ("ETRM") software solutions, has announced the successful closing of its first institutional funding.

The minority equity investment was made by North Bridge Growth Equity, a leading private equity firm which invests in technology and technology-enabled companies, and Tudor Ventures, the venture capital and private equity arm of Tudor Investment Corp., an internationally recognized, diversified investment management firm.

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Allegro

FIRMS

Allegro is a leading provider of energy trading and risk management ("ETRM") software solutions. Allegro provides transparency and efficiencies across the front, middle, and back offices, by leveraging advanced technologies like Service-Oriented Architecture ("SOA"), grid computing, .NET, and Web Services. With more than 23 years of steady growth and deep industry knowledge, Allegro is here to stay. Our ETRM software solutions support some of the largest energy and trading companies worldwide, encompassing all energy commodities. Allegro equips customers with the right tools to solve daily challenges. Allegro is headquartered in Dallas, Texas, and serves customers worldwide with offices in Calgary, Houston, London, Singapore and Zurich.

Tudor Ventures, established in 1996, is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized, diversified investment management firm with total assets under management in excess of $20 billion. Tudor Ventures manages approximately $700 million in equity commitments and has invested over $600 million in 70 companies. Tudor Ventures invests in information technology and rapidly growing companies, providing capital for expansion, acquisition and founder liquidity.

North Bridge Growth Equity ("NBGE") is a leading growth equity firm which invests in technology and technology-enabled companies characterized by strong revenue and profitability momentum, large and dynamic addressable markets, and proven management teams. NBGE targets investments in companies with $20 million to $200 million of revenue, and is currently investing from the $545 million North Bridge Growth Equity Fund I. NBGE is affiliated with North Bridge Venture Partners ("NBVP"), a bi-costal leader in early stage venture capital investing, and together, NBGE and NBVP have $2.7 billion of committed capital under management.

PEOPLE

Eldon Klaassen, CEO and founder of Allegro

BOARD

Mike Pehl, Managing General Partner at North Bridge Growth Equity, and Rick Ganong, a Partner at Tudor Venture Capital, will join Allegro's Eldon Klaassen and Christopher Larsen on Allegro's board of directors.