Houston-based Energy Solutions Inc. (ESI), the developer of gasand risk management software GASMAN, has been acquired byLICENERGY of Denmark. The deal is intended to create a company witha larger market presence in the transaction management andconsulting arena. Energy Solutions will be renamed Energy SolutionsInternational.

Energy Solutions currently has three software product offerings,said President Glen Sartain. GASMAN was released in 1987. In 1995The Hedger was released. The product can trade a broad range ofcommodities, including gas, oil, electricity, grains andcurrencies. Energy Solutions also offers a gas transportationsystem it calls GTS. It manages gathering and pipeline operations.Under development are transaction management systems for power andoil, called PowerQuest and OilPro, respectively.

When combined, the new company is expected to have a stronginternational presence. “The combination of ESI’s proven tradingtechnology and LIC’s substantial international market presenceprovides a powerful platform for completing our vision of Web-basedtransaction management systems,” Sartain said. He will becomeexecutive vice president for sales and marketing for EnergySolutions International. The company’s competitors are Altra Energyand Allegro.

ESI headquarters will remain in Houston, and all employees andoperations will be integrated into LIC’s Houston offices. U.S.employment at the combined company will be about 90.

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