| An SI Board Since January 2000 |
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CAMINUS CORP (CAMZ)
S-1 Filing (SEC form S1)
We are a leading provider of software solutions and strategic consulting services to participants in energy markets throughout North America and Europe, including utilities, electrical power generating companies, energy marketers, electric power pools, gas producers, processors and pipelines. We offer a suite of software solutions and associated services to enable energy market participants to manage complex risk scenarios and effectively trade and manage energy transactions, addressing multiple energy commodities and types of risk across varied geographies. In addition, we provide strategic consulting services to many of the leading European energy market participants.
The energy industry is currently one of the five largest vertical markets in the United States, with 1998 revenue of approximately $300 billion. As a result of global deregulation in the energy industry, vertically integrated suppliers are breaking up and energy trading is becoming more complex. New participants are entering the market, and trading volumes, price volatility and risk exposure are increasing significantly. In order to compete, energy market participants must find information technology solutions and services that are targeted to address the risks associated with buying, selling and trading multiple energy commodities in deregulating markets.
Our Zai*Net suite of software products offers a tightly integrated, multi- functional solution to enable energy market participants to trade, process transactions and manage risk from the wholesale acquisition of energy through its sale and scheduling. Using our software solutions, energy market participants can analyze and manage risk among multiple energy commodities, including electric power and natural gas, traded via various energy trading instruments across varied geographies.
Our strategic consulting practice provides energy market participants with strategic advice on the deregulation and restructuring of the energy industry. We assist energy companies with global operations in choosing and implementing long-term strategies to remain competitive, including decisions relating to the appropriate use of energy assets and the most effective operating strategies in deregulating energy markets. We are recognized for our expertise in economics, regulation and strategy and have been at the forefront of changes in the United Kingdom energy sector, which has one of the most deregulated natural gas and electric power markets in the world.
We currently have approximately 100 energy enterprise customers of our software solutions and strategic consulting services. Many of our customers are leaders in the energy industry, including American Electric Power, Consolidated Edison, Conoco, PG&E Energy Trading, Preussen Elektra and TXU Electric and Gas.
We were originally organized in April 1998 as a Delaware limited liability company under the name "GFI Caminus LLC." We changed our name to "Caminus Energy Ventures LLC" in September 1998 and "Caminus LLC" in January 1999. Immediately prior to this offering, the limited liability company will merge with and into Caminus Corporation, a Delaware corporation incorporated in September 1999.
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