Allegro Development Claims Strong Growth

Dallas-based software developer Allegro Development Corporation, which develops energy trading and risk management software, claims this morning that it had "Strong" revenue growth in 2011. The firm said it had a 62 percent increase in its license revenue, plus a 50 percent increase in new customers during the year. The privately held firm did not release any actual financials. Allegro said its customers include Saudi Aramco, Capital Power, PAA Natural Gas Storage, EPIC Aviation, Green Plains, among many others.