Private company

Allegro Development Corporation

Developer of commodity management software

Allegro Development Corporation is a maker of commodity management software for power and gas utilities, industrial energy consumers, refiners, producers and traders of crude oil and producers and traders of oil products and soft and agricultural commodities. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Dubai, Houston, London, Singapore, Zurich and Jakarta along with a global network of partners.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 16, 2026.

Overview

1984Founded1
  • HeadquartersDallas1
  • Websitewww.allegrodev.com
  • Incorporated inde4
  • Business address1445 Ross Ave, Dallas, Tx 752024

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Allegro Development Corporation is a maker of commodity management software for power and gas utilities, industrial energy consumers, refiners, producers and traders of crude oil and producers and traders of oil products and soft and agricultural commodities.3

How it started

History

Allegro was founded in 1984 by Eldon Klaassen. The company was the first to develop an enterprise software platform designed specifically to manage trading, risk management, and logistics associated with physical commodities.

In May 2015 Frank Brienzi was appointed CEO. The company acquired Singapore-based agriculture commodities solution provider JustCommodity in June 2015.

In April 2019, Allegro was acquired by ION Group.

2013 Governance Litigation

In June 2013, Eldon Klaassen, founder and former CEO of Allegro, sued the company and directors Mick Pehl, Bob Forlenza, Patrich Simpkins, and Ray Hood for fiduciary breach. On October 16, 2013, Vice Chancellor J. Travis Laster handed down a 56-page memorandum opinion that said the claims asserted by Eldon Klaassen were barred because of his delay in bringing his suit.

From Wikipedia’s article on Allegro Development Corporation, shared under CC BY-SA 4.0.3

Timeline

  1. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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