# Triple Point Technology

> Triple Point Technology is a commodity-management software business founded in 1993 and acquired by ION in 2013. Its TriplePoint CTRM platform connects physical and financial trading, procurement, logistics, risk, and settlement across commodity markets.

- **Founded:** 1993
- **Headquarters:** Westport, United States
- **Founders:** Peter Armstrong (Co-founder and former CEO), Allie Rogers (Co-founder)
- **Products:** TriplePoint CTRM, Commodity XL, Strategic Planning and Procurement, Compliance and Sustainability, Xchange and Market Data Hub
- **Notable:** Founded in 1993 by Peter Armstrong and Allie Rogers., Ranked 372 in Deloitte’s 2011 Technology Fast 500, with 213% growth reported in that ranking., Acquired by ION in 2013 in a transaction reported at approximately US$900 million.

## Products & services

- **TriplePoint CTRM** — Configurable multi-commodity trading and risk management platform covering physical operations and financial positions.
- **Commodity XL** — Historical commodity-management platform; Oracle documented Version 7 integration with E-Business Suite 12.1.
- **Strategic Planning and Procurement** — Optional module linking raw-material forecasts, coverage, spend, and underlying exposures.
- **Compliance and Sustainability** — Optional module for sustainability credits and certificate workflows alongside physical positions.
- **Xchange and Market Data Hub** — Exchange deal capture and market-data connectivity, including CME, ICE, Trayport, Morningstar, and Bloomberg integrations described by ION.
- **P&L Attribution** — Optional analysis of profit changes by market movement, new or closed business, amendments, and scheduling.
- **ION Cloud and Integration Services** — Cloud deployment and standardized integration components offered with TriplePoint.

## Achievements

- Founded in 1993 by Peter Armstrong and Allie Rogers.
- Ranked 372 in Deloitte’s 2011 Technology Fast 500, with 213% growth reported in that ranking.
- Acquired by ION in 2013 in a transaction reported at approximately US$900 million.
- Raízen selected TriplePoint for sugar, biofuels, fossil fuels, and renewable certificates in 2024.

## Latest updates

- **2026-05** — Parent division ION Commodities announced expanded Platts data distribution with S&P Global Energy; the announcement does not name a TriplePoint-specific release.
- **2024-05** — Raízen selection announced; the initial international sugar and biofuels phase was scheduled for mid-2024, followed by a domestic phase. The announcement is not evidence of completed rollout.

## Links

- Website: https://iongroup.com/products/commodities/triplepoint/
- LinkedIn: https://www.linkedin.com/company/triple-point-technology
- Twitter/X: https://twitter.com/iongroup/

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Profile page: https://yespress.io/triple-point-technology
Published by YesPress — https://yespress.io
Last updated: 2026-10-16