About Allegro Development
Allegro Development is a Financial Services company based in Dallas (United States) founded in 1984, and was acquired by ION Group in April 2019. Commodity risk management software for energy trading is provided. It operates in the Financial Services and Technology sectors. The company has 111 employees. Allegro Development offers products and services including Allegro, FEA, Hedge Accounting, and Softmar. Its focus areas include FinTech, RegTech, Risk Management and Risk Type. Its legal entity is ALLEGRO DEVELOPMENT CORPORATION. Its competitors include Kyriba, CyberGRX and ObserveIT; 3 of its 3 listed competitors have raised funding.
Company details
Allegro Development was founded in 1984 and is headquartered in Dallas, Texas, United States. Software solutions for energy trading and risk management are offered, with technologies like SOA and grid computing used to support operations in front, middle, and back offices. Real-time data is supplied to global clients in the commodities sector, including major energy and trading firms, to inform business decisions.
- Headquarters Dallas, United States
- Employees 111
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website allegrodev.com
- Social LinkedIn X Facebook
- Acquired by ION Group (Apr 2019)
- Legal Name Allegro Development Corporation
Products & Services of Allegro Development
Allegro Development offers a comprehensive portfolio of products and services, including Allegro, FEA, Hedge Accounting, and Softmar.
Manages energy trading and risk for commodities like power.
Offers portfolio risk tools for decision support in trading.
Analyzes derivatives for effective hedge management.
Handles vessel operations integrated with trading systems.
Funding Insights of Allegro Development
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Allegro Development with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2008 | Series A | – | – |
5 investors in total: 5 institutional.
Investors in Allegro Development
Allegro Development has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ION Group, Vector Capital and Tudor Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage companies are targeted for investment by Guidepost Growth Equity. | guidepostgrowth.com | Boston, United States | ||
Investments in technology companies are facilitated through private equity. | 1997 | vectorcapital.com | San Francisco, United States | |
| cerium-technology.com | ||||
A group of companies is engaged in asset management. | 1980 | tudor.com | Stamford, United States | |
Treasury management solutions are provided for financial institutions and banks. | 1998 | iongroup.com | New York, United States |
Investor details for Allegro Development
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Timeline of Allegro Development
4 dated milestones of Allegro Development across 35 years, from founding to its latest funding, stage changes and deals.
- Founded Allegro Development is founded.
- Funding First funding round.
- Exit Acquired by Vector Capital.
- Exit Acquired by ION Group.
Competitors of Allegro Development
Allegro Development has 3 listed competitors in our database, 3 of them funded. They include Kyriba, CyberGRX and ObserveIT.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. | |
| cybergrx.com | 2015 | Denver, United States | $99M | 141 | Cloud-based risk assessment and management solutions are provided for enterprises. | |
| observeit.com | 2006 | Boston, United States | $69M | 79 | Insider threats are detected and managed via user behavior analytics. |
Detailed competitors of Allegro Development
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- Full competitor set
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Web traffic of Allegro Development
Websites that share an audience with Allegro Development (allegrodev.com).
Websites whose visitors overlap most with Allegro Development. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| reval.com | 100% | 5.8K | #3,798,486 | View details | |
olf.com | olf.com | 87% | #5,399,206 | – | |
| adp.com | 66% | 99.2M | #460 | View details | |
| tpt.com | 37% | View details | |||
en.wikipedia.org | en.wikipedia.org | 35% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Allegro Development
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- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as Allegro Development (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Allegro Development
Complete news archive for Allegro Development
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Frequently Asked Questions about Allegro Development
Allegro Development was founded in 1984 and raised its 1st funding round 24 years after it was founded.
Allegro Development is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Allegro Development has 111 employees.
Allegro Development was founded in 1984 and is headquartered in Dallas, Texas, United States. Software solutions for energy trading and risk management are offered, with technologies like SOA and grid computing used to support operations in front, middle, and back offices. Real-time data is supplied to global clients in the commodities sector, including major energy and trading firms, to inform business decisions.
Allegro Development offers Allegro, FEA, Hedge Accounting, and Softmar.
Allegro Development has 5 investors. Key investors include ION Group, Vector Capital, Tudor Group, Guidepost Growth Equity, and Cerium Technology.
Allegro Development operates through Allegro Development Corporation.
Yes. Allegro Development was acquired by ION Group in April 2019.