AUSTIN, Texas, Oct. 13, 2004 — ROME Corporation, a provider of global risk and capital management solutions, announced that Williams, a natural gas producer, processor and pipeline company based in Tulsa, has licensed the ROME Energy Application Suite to manage and mitigate commercial business credit risk. ROME¹s Houston-based services operations will interface with Williams¹ Houston office to implement the innovative software system, which provides customers with an overview of enterprise credit and the capability to rapidly respond to data.
³By addressing credit risk with the choice of ROME Energy, Williams has shown that industry leaders recognize this as a critical area,² said Steve Papermaster, Chairman of ROME Corporation. ³It¹s an honor to work with Williams and welcome them as a customer.²
Created two years ago and led by a management team and board made up of leaders from the energy and technology sectors as well as the financial world, ROME set out to address a critical need in the energy industry by delivering software applications specifically developed to address credit risk and liquidity. The firm¹s strategists believe that new legislative and regulatory requirements make ROME Energy not merely useful, but integral and imperative.
The ROME Energy Application Suite serves the industry in this area because it has been built from the ground up to address the more complex and volatile nature of credit exposures that arise from physical and financial energy transactions. ROME Energy is unique in its ability to manage credit exposure and liquidity on an enterprise-wide basis, by counterparty and by contract. Its contract-centric approach provides flexible, accurate exposure calculations and enables energy companies to maximize upside opportunities by optimizing the allocation of credit across the counterparty portfolio.
About ROME Corporation
ROME Corporation delivers risk and opportunity management software that enables Global 2000 companies to manage credit risk and liquidity obligations on an enterprise-wide basis. ROME¹s applications are unique in their ability to manage credit exposure and liquidity by both specific counterparty and contractual commitments. ROME Energy is a custom suite of global risk and capital management solutions for the energy industry. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, has a sales and services office in Houston, Texas, and can be reached by calling 512-347-3200 or by visiting www.romecorp.com