MCG Energy Solutions Has Acquired Paragon
We are delighted to announce that MCG Energy Solutions has acquired Paragon Energy Software.
MCG Energy Solutions is a 22-year old software company headquartered in Minneapolis, MN. MCG specializes in operating and financial systems for the wholesale power and gas industries. We are excited about the addition of Paragon's Credit and Energy Trading and Risk Management (ETRM) software to MCG's portfolio of existing products. The acquisition of Paragon reinforces MCG's position as a growing leader in the energy software industry throughout North America.
By integrating Paragon's ETRM and Credit solutions with MCG's product portfolio, MCG will enable customers to leverage new credit and risk management functionality within their existing MCG operating systems.
"We are very excited to add Paragon's products and people to MCG's rapidly expanding footprint in the energy software space," said MCG's co-founder and CEO, Mike Prickett. "Paragon's offerings further extend MCG's focus on the middle office to complement our strong portfolio in the front and back offices."
"Joining forces with MCG will allow us to accelerate our growth by leveraging MCG's SaaS expertise, data centers, and market strength in the North American electricity space" said Paragon's founder and CEO, Kevin Gerold. "Our combined software suite will enable us to provide a fully integrated SaaS offering that provides trading, scheduling, credit, risk and settlement functionality across a broad spectrum of energy market participants, including electric & gas utilities, energy marketers, pipelines, producers, and refineries."
Find out more at the MCG Energy website.
Houston • London
These are the basic principles on which Paragon was founded and that continue to guide us day-to-day to achieve our goal of being first to mind for energy credit risk management and broader energy trading and risk management software solutions.
The Paragon Advantage
Comprised of industry experts who each have an average of 15-years of experience in energy trading and risk management, our promise is to be reliable, responsive and to deliver - forming a strong and lasting partnership with our customers. We are dedicated to providing the best and most cost effective, usable solutions both in credit risk management and broader energy trading & risk management. With our fully functional, innovative and easy to use software solutions, we deliver on our commitments and have our customers up and running in weeks not months, providing them with significant value for a reasonable investment. Paragon aims to provide the industry's best and most comprehensive solutions on the market complete with ease of use, technical and configuration innovation, an affordable cost of entry, lower total cost of ownership and overall customer satisfaction. Our unparalleled focus on the customer and their needs in terms of product flexibility, delivery and support is what sets us continually apart from the rest of the market. Our customers experience this commitment, dedication and responsiveness every day of every week as we go the extra mile to deliver what was promised. Please explore our website and find out more about what it really means to partner with Paragon.
Paragon Consulting Corporation is committed to delivering integrated solutions for the competitive energy markets, and strives to have the most comprehensive software and services available in the market today.
Paragon Consulting Corporation is committed to delivering integrated solutions for the competitive energy markets, and strives to have the most comprehensive software and services available in the market today. For more information about our software solutions and services for the energy markets, please contact:
Phone: (832) 604-6919
Address: 19500 State Highway 249, Suite 395 Houston, TX 77070