Previse Systems

Previse Systems, founded on August 23, 2019, operates from Zug, Switzerland, and is redefining the Energy Trading and Risk Management (ETRM) sector. The company was established by a team of six individuals with extensive backgrounds in the ETRM industry, including experience at major vendors like Allegro, who sought to re-engineer ETRM software from the ground up without the constraints of legacy systems.

The firm provides a cloud-native, Software-as-a-Service (SaaS) solution tailored for the European energy markets, encompassing electricity, natural gas, and certificates trading. Its business model is centered on delivering a highly performant and scalable platform that reduces the total cost of ownership for its clients, which range from traders and merchants to producers, generators, and utilities across Western Europe and the Middle East. Clients include notable energy companies like Ørsted and GETEC.

Previse Systems' core product is Previse Coral, an ETRM platform built on a modern tech stack including .NET Core and microservices. The platform is engineered for high-volume, real-time trade capture and straight-through processing, capable of handling hundreds of thousands of trades daily. A key differentiator is the Coral Ecosystem, an app-store-like marketplace that allows Previse, its customers, and third-party developers to create, publish, and even resell applications that seamlessly integrate with the core system. This fosters a collaborative environment, offering tailored functionality and a choice of best-of-breed tools. The platform also has robust support for renewables trading, addressing the specific complexities of this evolving sector.

The company's approach allows for rapid, incremental updates rather than major, disruptive version overhauls, ensuring clients always operate on the latest software. This agility, combined with a focus on open architecture and strong integration capabilities via REST APIs, allows for seamless connection with other systems in a client's IT landscape, such as forecasting tools and accounting software. Having started 2023 with five customers, the company expanded its client base to fourteen by the year's end and has continued to grow, demonstrating significant market traction. Keywords: Energy Trading and Risk Management, ETRM, SaaS, cloud-native, energy markets, European electricity trading, natural gas trading, certificates trading, renewables trading, trade lifecycle management, Previse Coral, commodity trading software, portfolio management, market risk management, back office solutions, intra-day trading, energy procurement, straight-through processing, Coral Ecosystem, energy software