Our Story
How we started
Founded in 1985, Brady Technologies emerged during a transformative era for the commodities trading market. At the time, the process of buying and selling commodities faced significant challenges from the lack of market transparency and inadequate tools to manage the trading process. At the same time, global financial regulations were evolving, creating the need for more stringent risk management and compliance measures.
Robert Brady, armed with a physics PhD and a curious mindset, embarked on a mission to address these challenges using software. His passion and dedication to delivering innovative solutions for greater efficiencies in commodities trading resulted in our company being established.
Our journey
Our company’s growth in the markets in which we operate in today has been characterised by innovative product development, strategic acquisitions, and geographic expansion.
In 2010, we made our first foray into the European energy trading and risk management (ETRM) software market with the acquisition of Viz Risk Management Systems. This was followed by the purchase of Navita, which added a European power trading communications and operations platform to our portfolio. The acquisition of Syseca further extended our offerings in the European power sector.
In 2016, we entered the market for energy credit risk management by acquiring the software company, EnergyCredit. This strategic move expanded our presence in North America.
In 2020, in response to the rapid pace of decarbonisation, the consequential increased demand for power from renewable sources and the changes this meant for short-term power trading, we initiated the development of PowerDesk. Today, Brady’s PowerDesk software suite, comprising an unrivalled combination of our flagship products and our latest in-house product innovation, stands as one of the most advanced offerings for European power trading markets.
In 2021, the acquisitions of Igloo Trading Solutions and CRisk in the ETRM and energy credit risk sectors respectively, strengthened our market position with the latest cloud-based technologies.
The year 2022 marked a pivotal moment in our company’s history, as we strategically divested our non-energy related commodities business to focus on global energy markets.
Who we are today
Our proven ability to deliver innovative and high-impact software solutions to support the energy trading and risk management lifecycle has established us as a leader in this field.
Our pioneering work and innovative products, for example in the development of algorithmic trading software, regularly earn us accolades within the industry, of which we are proud.
As we continue forward, our commitment remains steadfast – to empower energy market participants to optimise their trading and operations and meet tomorrow’s energy needs.
Brady ranked #4 in the Chartis Energy50 rankings
Chartis Research’s global Energy50 rank No. 4 and software category winner of ‘Low Latency in Power Trading Markets’ for 3rd consecutive year.
2024
Brady ranked #5 in Energy50 and retains category leadership
Brady climbs to No.5 in Chartis' Energy50 report and wins for the 2nd consecutive year in the category of Low Latency Power Trading Software
2023
PowerDesk goes live and wins an award
Brady rises 20 places to no. 6 in Chartis' Energy50 report and wins in the category of low latency power trading software.
PowerDesk wins an Energy Award (Emap) in the Trading Dashboards category.
2022
Accelerated growth with cloud products
Acquisitions: CRisk - cloud energy credit risk management product. Igloo Trading Solutions - SaaS ETRM product ‘Igloo’.
2021
First SaaS product in design
PowerDesk development initiative starts, Brady's first SaaS product for short-term power trading in Nordics and GB.
2021
PLC to privately owned
Hanover Investors acquires Brady PLC. The company becomes known as Brady Technologies.
2020
Stepping into credit risk
Acquisition: EnergyCredit - Energy credit risk management product.
2015
Expansion in physical power
Acquisition:
Navita - Physical power trading operations product (now known as PowerDesk Data Manager) one of world’s first electronic power trading platforms.
Acquisition:
Syseca - European power scheduling and balancing products (now known as PowerDesk Scheduler and PowerDesk Balancer)