Deloitte & Touche is expanding its ‘Center for Energy Solutions’ with the acquisition ‘substantially all of the assets’ of Altos Management Partners and its sister software house MarketPoint. Altos, a consultancy to energy companies, was founded in 1995. Its MarketPoint unit is the developer of MarketBuilder, an analytic suite for energy market modeling and price forecasting. The acquisition provides Deloitte’s clients with, ‘a better understanding of market fundamentals’ for energy commodities, including oil, gas and refined products.
Deloitte partner Andy Dunn said, ‘The acquisition is the foundation of a new Deloitte MarketPoint offering inside the our Center for Energy Solutions. This will provide the industry with decision support solutions, including MarketBuilder, models, data and consulting services.’ MarketPoint founder Dale Nesbitt has now joined Deloitte. Nesbitt’s modeling tools include the North American Regional Gas Model, the World Gas Trade Model, the World Oil Model and the Western European Gas Model. More from www.oilit.com/links/1101_6.
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