What Previse Systems does

Previse Systems AG is a Swiss-headquartered software company founded in 2019 in Zug that develops Previse Coral, a cloud-native SaaS Energy Trading and Risk Management (ETRM) platform for European energy markets. The platform is built on Microsoft Azure using .NET Core, microservices, and serverless computing with continuous delivery, and it processes hundreds of thousands of trades per day across power, gas, and certificates. Coral is differentiated by Master Data as a Service (MDaaS), which provides approximately 50,000 centrally maintained price indexes, standardized instrument definitions, holiday calendars, and exchange delivery calendars, and by the Coral Ecosystem Framework, an app-store-like environment in which Previse, customers, and partners develop, publish, and resell integrated apps. Open REST APIs and a catalog of named connector apps integrate Coral with exchanges (Nord Pool, EPEX SPOT, EEX, Nasdaq OMX), trading platforms (Trayport, ICE, CME, PowerBot, enmacc), market data providers (Montel, Argus, ICIS Heren, Refinitiv, ZEMA), and back-office systems (SAP, Equias eBO, Fidectus).

The company sells annual SaaS subscriptions to enterprise energy traders, utilities, power producers, and energy consumers, with a named customer base that includes Ørsted, SEFE, ENBW, European Energy, Nexus Energía, Energie Wasser Bern, PowerCo, Norlys Energy Trading, Citiworks, Syneco, oekostrom AG, ane.energy, and C-energy. By early 2025 Previse had grown to 52 employees serving 23+ customers across the UK, Netherlands, Germany, Denmark, Spain, Switzerland, and Austria, and had achieved ISO 27001/27701 certification and the 2025 Energy Risk Award for Best Cloud-Based ETRM System. Revenue is delivered through direct enterprise sales supported by an implementation partner ecosystem (LEAD Consult, Minsait, FORRS, Sparkspire) and an app-developer partner network (Sparkspire, Bespoke Digital, exe Software, LEAD Consult). In August 2025 Lightrock acquired a minority stake to support scaling, and the company has established Previse Inc. as a US subsidiary to extend distribution into North American energy markets.

Name

Previse Systems

Legal name

Previse Systems AG

Website

https://previsesystems.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Previse Systems is a Swiss SaaS vendor of Previse Coral, a cloud-native Energy Trading and Risk Management platform serving enterprise traders, utilities, producers, and energy consumers across European energy markets with a Master Data service and partner-built ecosystem apps.

Ownership category

akta.pro rank

Product category

Energy Trading and Risk Management (ETRM) Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Single-Dealer Platforms (Multi-Asset) (FSAFAEAG)

akta.pro secondary industry

Pre-Trade Compliance (Restricted Lists, Suitability, Best Execution) (FSACAJAC)

Keywords

• Energy trading software
• ETRM software platform
• Cloud-native SaaS ETRM
• Energy risk management
• Trade lifecycle management

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. SaaS Subscription: Cloud-native SaaS ETRM software delivered as a subscription service. Customers pay for access to the Previse Coral platform including core functionality, master data services, and ecosystem framework.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Previse Systems develops and sells Previse Coral, a cloud-native SaaS ETRM (Energy Trading and Risk Management) platform that serves as the central transactional engine for trade lifecycle management across power, gas, and certificates. It captures hundreds of thousands of trades per day, provides Master Data as a Service (MDaaS), REST APIs, time-series management at one-minute granularity, position and PnL reporting, settlement and invoicing, and regulatory reporting (e.g. REMIT). The offering is sold via annual subscription to enterprise energy traders, utilities, producers, and energy-intensive consumers in European markets.

Product overview

Previse Systems offers Previse Coral as its core cloud-native SaaS ETRM platform, which serves as the central engine for energy trade lifecycle management covering power, gas, and certificates. The platform is complemented by the Coral Ecosystem, an app-store-like framework that enables customers and partners to develop and publish custom Apps extending core functionality. Integration with external systems is facilitated through named connector Apps (trade imports, price imports, nominations) and open REST APIs. The company also provides Master Data as a Service (MDaaS) as part of the core offering.

Differentiator

Problem solved

Functional benefit

Brands

• Previse Coral: Cloud-native SaaS ETRM (Energy Trading and Risk Management) software platform for trade lifecycle management across power, gas, and certificates.
• Coral Ecosystem
• Master Data as a Service (MDaaS)

Products and services

• Previse Coral Cloud-native SaaS ETRM (Energy Trading and Risk Management) platform acting as the central transactional engine for trade lifecycle management across power, gas, and certificates. Handles hundreds of thousands of trades per day with real-time reporting, position management, pricing, settlements, invoicing, and regulatory reporting. Sold to enterprise energy traders, utilities, producers, and consumers via annual subscription.
• Coral Ecosystem Framework App-store-like platform that allows Previse Systems, customers, and third parties to develop, publish, and resell custom apps and extensions that integrate seamlessly with Previse Coral. Includes marketplace for discovering and purchasing Coral extensions and supports partner-built apps covering trade capture, price import, nomination export, REMIT reporting, and more.

Quantifiable outcome

• Handles hundreds of thousands of trades per day with real-time position updates
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability2 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• FORRScoreImplementation/ SI/ Consulting PartnerIndependent management consulting company focused on energy and commodity trading. Provides consulting on ETRM implementation, architectural design, data migration, and target operating models. Joint white paper on energy trading architectures published January 2022.
• PowerBotcoreTechnology or IntegrationState-of-the-art algorithmic trading platform for European short-term power exchanges. Integration with Previse Coral for automated trade capture. Certified ISV for EPEX SPOT, Nord Pool, and other European energy exchanges.
• LEAD ConsultcoreImplementation/ SI/ Consulting PartnerOver a decade of ETRM integration experience across 10+ European countries. Delivered implementations for Ørsted, Nexus Energía, European Energy, and others. Provides LEAD Universal Loader for plug-and-play integration. Signature implementation partner.
• MinsaitcoreImplementation/ SI/ Consulting PartnerWorld-leading consultancy with presence in 100+ countries. Provides project management support for Nexus Energía implementation. Specializes in energy and utilities sector consulting.
• SparkspirecoreImplementation/ SI/ Consulting PartnerVienna-based management and technology consultancy focused on energy industry. Develops specialized SaaS components for trading and risk management. Provides automatic balancing App for Energie Wasser Bern implementation.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eka Software Solutions: Cloud-based ETRM/CTRM platform serving energy, metals, and agricultural commodity traders. Direct comparable: SaaS-first delivery model, multi-commodity coverage, and target customer overlap with Previse Coral in European and global trading houses.
• Trayport: Leading energy trading platform (Joule) connecting brokers, exchanges, and traders across European and global markets. While Previse integrates with Trayport for trade capture, both compete for ownership of the trading workflow at energy trading firms.
• Brady Technologies: Energy trading and risk management software provider serving utilities, traders, and producers across European and global power and gas markets. Overlaps directly with Previse in trade capture, position management, and cross-commodity analytics.
• Aspect Enterprise Solutions: Cloud-delivered CTRM/ETRM platform targeting mid-market commodity traders, utilities, and producers. Closest architectural and go-to-market analogue to Previse Coral among peers, with a focus on rapid deployment and lower TCO.

Broad incumbents

• FIS: Large financial technology provider with commodity trading and energy operations software (including legacy SunGard and RiskMetrics assets). Competes with Previse in commodity trading and risk at enterprise financial institutions and energy majors.
• Murex: Enterprise capital markets and treasury platform with significant energy and commodities trading exposure. Competes with Previse at the upper end of the energy trading market, particularly with utilities and large trading houses running multi-asset books.
• Openlink Financial (ION Group): Legacy ETRM/CTRM incumbent owned by ION Group with deep penetration across oil, gas, power, and metals traders. Overlaps with Previse in power and gas trade lifecycle management but typically deployed on-premise for large, established trading houses.
• Allegro Development (ION Group): Long-standing CTRM platform within the ION Group portfolio, serving commodities traders globally. Competes with Previse in energy and renewables segments but with a more traditional deployment model and broader commodity coverage.
• Molecule Software (ION Group): ETRM vendor serving energy and commodity trading firms, part of the ION Group ecosystem. Direct functional competitor to Previse in trade lifecycle and risk management for European energy markets.
• Hitachi Energy (ABB Ventyx): Utility and energy trading software suite (formerly Ventyx) covering generation, trading, and risk for utilities and ISOs. Overlaps with Previse in utility trading, scheduling, and energy management but as part of a much broader portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Previse Systems