Enuit
Houston-headquartered software company providing ENTRADE, a unified cloud-hosted ETRM/CTRM platform for energy and commodity trading firms. It serves 45+ enterprise clients across nine commodity types through six global offices and certified SAP integration.
- Company typePrivate
- Founded2008
- HeadquartersHouston, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Enuit does
Enuit is a Houston-headquartered software company founded in 2008 that develops and sells ENTRADE, an enterprise ETRM/CTRM (Energy/Commodity Trading and Risk Management) platform used by energy and commodity trading firms. The platform tracks the full deal lifecycle — from trade execution through logistics, risk, settlement, invoicing and tax compliance — and is delivered as a single integrated application hosted on Microsoft Azure, with specialized modules for nine commodity classes: LNG, NGLs, Power, Natural Gas, Crude Cargo, Refined Oil Products, Metals, Agriculture and Environmentals (carbon credits). The company's stated differentiation is the elimination of third-party integrations through the ENTRADE Unite offering, which combines ETRM/CTRM with ERP and supply-chain functionality in one codebase, alongside certified SAP integration and SOC 1 / SOC 2 Type 2 compliance completed in 2025.
Enuit operates a direct enterprise go-to-market with no disclosed channel partners: field sales for large accounts, an inside-sales team handling demo requests, and a heavy event-driven presence at conferences such as Commodity Trading Week, Platts APPEC and the Energy Trading Leaders Summit. Revenue is generated through three streams — recurring software licensing for ENTRADE, implementation and configuration services (including data migration and SAP integration), and ongoing support and maintenance — sold under annual subscription contracts with custom, quote-based pricing. The company sells to large enterprise counterparties in oil & gas, LNG, metals, petrochemicals and power, with named clients including CNOOC, Mitsubishi Corporation, INPEX, Itochu Singapore, ENN Energy, CITIC Metals, Kogas International and Pavilion Energy, supported by offices in Houston, London, Beijing, Tokyo, Singapore and Bengaluru.
Operationally, Enuit is a privately held LLC, founded and still led by co-founders Ken Han (CEO) and David Meyers (President), with a leadership team drawn from Brady plc, PwC's Commodity Management practice, Allegro, S&P Global Platts and Sungard Energy. The company has not disclosed any external equity funding and is described as self-funded through operating revenues. It has received the Chartis Energy50 Integrated CTRM Award for three consecutive years (2023–2025) and has been recognized in Energy Risk Asia and Risk Market Technology Awards, alongside CTRM House of the Year honors in 2021.
Enuit firmographics
Firmographics- Name
- Enuit
- Legal name
- Enuit LLC
- Website
- https://enuit.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Houston-headquartered software company providing ENTRADE, a unified cloud-hosted ETRM/CTRM platform for energy and commodity trading firms. It serves 45+ enterprise clients across nine commodity types through six global offices and certified SAP integration.
- Ownership category
- akta.pro rank
Enuit industry classification
Industry- Product category
- Energy and Commodity Trading and Risk Management (ETRM/CTRM) Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- ETRM/CTRM Platforms & Trade Capture (EUAGAJAA)
- akta.pro secondary industries
- Natural Gas Risk Management, Analytics & Back-Office (ETRM/CTRM) (EUAGAGAJ), Carbon Credit Brokerage & Intermediation (Voice/Electronic) (EUAGAIAD), Data Engineering, Integration & ETL/ELT Services (BPAEAHAB)
Keywords
Where Enuit is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Enuit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licensing: Enterprise software licensing for ENTRADE ETRM/CTRM platform. License fees for the complete platform covering front-office, middle-office, back-office, and commodity management modules.
- Implementation Services: Professional services for system implementation, configuration, data migration, and integration with client systems including SAP and other enterprise software.
- Support and Maintenance: Ongoing technical support, system maintenance, and updates for deployed ENTRADE solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise licensing with custom scope |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels7 records
Enuit product offering
Product offeringCore offering
Enuit develops and licenses ENTRADE, a unified Energy/Commodity Trading and Risk Management (ETRM/CTRM) software platform that tracks every transaction from deal execution through invoicing. The platform integrates front-office, middle-office, back-office, and commodity management functionality for energy and commodity trading firms across LNG, NGLs, natural gas, power, crude, refined products, metals, agriculture, and environmental commodities, hosted on Microsoft Azure cloud infrastructure.
Product overview
Enuit offers ENTRADE®, an award-winning unified ETRM/CTRM (Energy Trading and Risk Management / Commodity Trading and Risk Management) platform that helps businesses track transactions, logistics, and supply chain through the entire deal lifecycle from done deal through sent bill. The platform provides multi-commodity support with specialized modules for LNG, NGLs, Power, Natural Gas, Crude Cargo, Refined Products, Metals, Agriculture, and Environmentals. ENTRADE® consists of integrated front office, middle office, back office, and commodity management modules designed to work together seamlessly within a single platform, eliminating the need for third-party integrations. The platform is hosted on Microsoft Azure and supports commodity trading companies worldwide with operations in the USA, Europe, China, Japan, Singapore, and India.
Differentiator
Problem solved
Functional benefit
Brands
- ENTRADE®: Complete ETRM/CTRM platform that tracks every transaction from deal execution to invoicing, providing full visibility and control across commodities trading operations.
- ENTRADE® Unite
Products and services
- ENTRADE Award-winning unified ETRM/CTRM platform that tracks every transaction from deal execution to invoicing, providing full visibility and control across the entire deal lifecycle. Supports multi-commodity trading with integrated front-office, middle-office, back-office, and commodity management modules. Targets enterprise commodity trading and risk management firms worldwide.
- ENTRADE Unite
Quantifiable outcome
- Reduced rework and reconfiguration during UAT and parallel run through unique implementation methodology
- +4 more outcomes
Companies that use Enuit
Customer profileNamed customers15 records
Segments10 records
Ideal customer profiles2 records
Enuit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature7 records
Enuit partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
Enuit competitors and assessment
Company assessmentDirect peers
- Brady plc: Long-established European-headquartered ETRM/CTRM software vendor with comparable commodity coverage and enterprise trading customer base. Directly competitive in mid-to-large enterprise commodity trading deployments and cited as a previous employer for Enuit's COO.
- Allegro Development (ION): Long-standing CTRM platform now under ION, covering energy and metals trading end-to-end. Directly comparable on multi-commodity support and enterprise customer base; Allegro is also referenced as a previous employer for Enuit's APAC VP.
- Eka Software Solutions: Cloud-native ETRM/CTRM platform serving commodity traders, processors, and consumers across energy, agriculture, and metals. Directly competes with Enuit on unified-platform architecture, multi-commodity support, and enterprise GTM motion.
- Triple Point Technology: CTRM software provider for commodities including energy, metals, and agriculture. Competes head-to-head with Enuit in mid-market enterprise deals, particularly in commodities trading risk management.
- CommodityXL: Specialized CTRM platform focused on physical commodity trading across power, gas, and emissions. Direct competitor in European and Asia-Pacific energy markets with overlapping commodity coverage to Enuit.
Others
- CME Group (brokerage/clearing infrastructure): Operates commodity exchanges and clearing infrastructure that ETRM/CTRM systems like Enuit's integrate with for trade capture and post-trade workflows. Adjacent ecosystem participant rather than a direct software competitor.
Broad incumbents
- Murex: Global leader in trading, risk, and post-trade processing software for capital markets, commodities, and treasury. Competes with Enuit in larger enterprise and bank-backed commodity trading accounts where Murex's broader functional breadth and R&D scale dominate.
- ION Group (Openlink Financial): Owner of Openlink, Aspect, and other CTRM/ETRM platforms via the Fidessa acquisition. A dominant incumbent Enuit competes against for large, multi-asset commodity trading and risk management deployments across energy and metals.
- Aspect (ION): Enterprise CTRM platform under ION with broad coverage of energy and commodities. Competes with Enuit for established trading firms, particularly those standardizing on ION's broader portfolio.
Emerging players
- Quovix (formerly Contigo): Cloud-native CTRM platform targeting physical commodity traders with a modern SaaS architecture. Emerging alternative to legacy ETRM/CTRM stacks, competing for the same mid-market enterprise accounts Enuit targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Enuit social profiles
Digital presenceEnuit compliance and trust
Trust signalCompliance2 records
Enuit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enuit leadership team
Management profileNumber of profiles
Profiles8 records
Enuit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enuit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enuit
What does Enuit do?
Enuit develops and licenses ENTRADE, a unified Energy/Commodity Trading and Risk Management (ETRM/CTRM) software platform that tracks every transaction from deal execution through invoicing. The platform integrates front-office, middle-office, back-office, and commodity management functionality for energy and commodity trading firms across LNG, NGLs, natural gas, power, crude, refined products, metals, agriculture, and environmental commodities, hosted on Microsoft Azure cloud infrastructure.
Is Enuit a public or private company?
Enuit is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Enuit founded?
Enuit was founded in 2008. It employs 101 to 250 people.
Where is Enuit based?
Enuit is headquartered in Houston, United States, in the North America region.
How does Enuit make money?
Three revenue lines are on record. Software Licensing is the primary driver. The others are implementation Services and support and Maintenance.
Who are Enuit's main competitors?
Direct peers on record are Brady plc, Allegro Development (ION), Eka Software Solutions, Triple Point Technology and CommodityXL. CME Group (brokerage/clearing infrastructure) is listed as an others. Broad incumbents are Murex, ION Group (Openlink Financial) and Aspect (ION). Quovix (formerly Contigo) is listed as an emerging player.
Does Enuit have an API?
No public API is recorded for Enuit.
What industry is Enuit in?
Enuit's product category is Energy and Commodity Trading and Risk Management (ETRM/CTRM) Software. Its primary akta.pro industry code is EUAGAJAA, ETRM/CTRM Platforms & Trade Capture, with a secondary code of EUAGAGAJ, Natural Gas Risk Management, Analytics & Back-Office (ETRM/CTRM). Its NAICS code is 513210 and its SIC code is 7373.