HOUSTON and LONDON, June 21, 2005 (PRIMEZONE) -- KWI, the leading provider of energy trading and risk management (ETRM) software for the global energy industry, today announced the appointment of KWI veteran Marc Moderegger to vice president of development. Building on seven years of experience at KWI, Mr. Moderegger will be responsible for all aspects of development including design, development, quality assurance and documentation of KWI's sophisticated multi-commodity platform, K2.
Mr. Moderegger has held a number of senior roles at KWI including vice president of operations, North America, during which time he lead KWI's successful entry into the North American ETRM market and established KWI's North American headquarters in Houston. Over the past two years, Mr. Moderegger has led the engineering team responsible for the development and successful launch of K2.
David Bucknall, chief executive officer, KWI, added, "Marc has always displayed strong leadership skills among his teams at KWI and his dedication has helped make us the success we are today. He is intimately familiar with the needs of our market, and his management qualities and experience are a welcome addition to the KWI executive team."
Mr. Moderegger commented, "This is a very exciting time for development. With product management driving the product forward, we are continually challenged to improve functionality more quickly through better processes and intelligent use of new technologies. I'm delighted to be able to contribute at a more strategic level to help the company successfully negotiate the industry challenges ahead."
Prior to joining the company, Mr. Moderegger ran his own software consultancy in Australia, where he worked with a number of large clients including BOC Gases, State Bank, Lend Lease, and IBM.
Mr. Moderegger has a B.Sc. Chemical Engineering degree from the University of New South Wales. He will be based at KWI's global headquarters in London.
About KWI
KWI is a leading provider of trading and risk management software for the global energy industry. Developed specifically for global energy businesses, KWI's flagship product, K2, is a comprehensive suite of componentized, integrated applications for multi-commodity trading and risk management.
KWI is an international software company with customers in North America, Europe and Asia, including BP, ATEL, Alliant Energy, Energi E2, MVM, PacifiCorp, Puget Sound Energy, Tennessee Valley Authority, Ontario Power Generation (OPG), and WPS Energy Services.
More information available at www.kwi.com.