CubeLogic acquires Energy and Commodity Surveillance provider FERDEC

Transaction surveillance capabilities to be fully integrated within the RiskCubed risk management suite of solutions

Thursday 7th March 2019 – London and Berlin. CubeLogic, the leader in business intelligence (BI) enabled risk management solutions, announces the completion of a significant acquisition of Berlin based FERDEC. FERDEC provide market leading transaction surveillance solutions for Energy and Commodity markets. This acquisition significantly enhances the RiskCubed risk management suite of enterprise solutions. This announcement follows a partnership agreement which was made in November 2018.

Increasing demand for transaction surveillance functionality inspired CubeLogic to seek partner solutions to complement the capabilities of its RiskCubed risk management offering. FERDEC’s unrivalled expertise in physical and financial Energy and Commodity markets made it the natural choice. The ferdecTS® engine can detect potential market abuse patterns arising from the manipulation of the physical characteristics of transactions, as well as purely financial aspects which other surveillance tools are typically limited to. The reason for moving from partnership to acquisition was due to the unique synergies and complimentary services of the two businesses.

The existing FERDEC team will remain in their positions and continue to focus on their technology and business development objectives. There will be some new hires and existing staff transfers who will join the team in Berlin to augment the cohesion of the two entities and ensure that the client base of both solutions remain well served. FERDEC will continue to trade as FERDEC GmbH, a wholly owned subsidiary of the CubeLogic parent firm.

CubeLogic clients will now be able to benefit from enhanced transaction surveillance capabilities and the FERDEC customer base likewise with CubeLogic’s risk management suite. Alternatively, both sets of business solutions can still be purchased and used on a standalone basis.

Lee Campbell, CEO comments, “I am delighted to announce this milestone in the CubeLogic story. We have been working closely with the FERDEC team and feel completely satisfied that bringing their expertise and technology into the Cube family is the right move for everyone involved. For us, delivering the best technology and service to our clients is our key objective so why spend time developing something ourselves when FERDEC’s solutions are proven and in use in some leading firms?”

CubeLogic has expanded its global footprint and now has representation in Europe, USA, Bangalore and Asia Pacific, employing over 75 domain expert professionals. The new additions to the team bring an unparalleled depth of specialist experience in the transaction surveillance area alongside deep industry knowledge. On demand access to this wealth of expertise means that CubeLogic can continue to expand their innovative suite of solutions to help serve the energy, commodity and financial services sectors. The FERDEC Berlin office will enrich CubeLogic’s European footprint and provide further support to their clients in those regions.

Christian Endter, FERDEC Managing Director comments, “CubeLogic is rapidly becoming a force to be reckoned with in the technology provider community and having worked very closely with Lee and his team, I know they have the passion and experience needed to take the FERDEC business to the next level it deserves.”

About CubeLogic
CubeLogic provides business intelligence enabled risk management products and services for the energy, commodity and financial markets. The founders of CubeLogic are experienced industry specialists who have an impressive track record of developing and implementing global risk IT solutions. CubeLogic addresses the increasing demand for robust, cost effective risk management solutions.

FERDEC is a technology and consulting firm dedicated to the creation of innovative solutions for the current and future challenges facing energy and commodity traders, drawing on a total of 50+ years of industry, research and software development experience. FERDEC’s flagship transaction surveillance software is recognised as a market leading, fully integrated solution with a leading-edge data analytics engine designed specifically for energy and commodity markets.

For more information please get in touch.