Itochu Enex Signs With SunGard for Commodities Hedging

Itochu Enex, a Japanese energy provider, has extended its technology outsourcing with SunGard’s Valdi and Stream Clearvision ASP Services to help operate its front-to-middle office technology platform. The agreement will also provide infrastructure for their commodities hedging business line in Asia-Pacific.

“When recently relocating offices, we integrated SunGard’s Valdi ASP Services for our total commodities hedging solution, which is delivering a lower total cost of ownership to our operations,” said Tomohiro Akaishi, manager, Itochu Enex. “Since the software and infrastructure is managed by SunGard as a fully outsourced solution, it will help us reduce costs and administration of having multiple vendors, and therefore provide more resources for us to better serve our clients.”

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