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IP Systems

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IP Systems Ltd.
Company typeLimited company
IndustryEnergy industry, Software industry
Founded2008
HeadquartersBudapest, Hungary
Key peopleÁkos Füzi, CEO
ProductsSee complete products listing.
Number of employeesabove 50
Websitewww.ipsystems.hu

IP Systems Ltd. is a consultancy and IT company specialized for the liberalized European energy market. Its applications support the whole energy trading process, including forecasting, nomination, allocation and accounting.

History

IP Systems were set up in 2008. In 2011, the company started its international growth.

International participation

  • Gas Balancing-IP was introduced in 2012 on the 4th Energy Trading Week was recommended for the use on regional level, furthermore in a unique way besides FGSZ Natural Gas Transmission Closed Company Limited, IP Systems were also invited by ENTSOG to the working group to help developing the European natural gas balancing model.

Awards and appreciations

  • Gas Balancing-IP won the ’ICT project of the year’ award of the IVSZ ICT Association of Hungary and National Innovation Office in 2012.

References

  1. Company history Archived 10 January 2012 at the Wayback Machine – IP Systems’ homepage
  2. Hungarian success: a gas trade systems developed by a Hungarian company is the European example Archived 12 July 2015 at the Wayback Machine – Világgazdaság Online, 4 June 2012
  3. ICT project of the year: the common development of IP Systems and FGSZ Archived 20 September 2012 at the Wayback Machine – Computerworld, 9 July 2012.
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