RiskTech Forum

ION Announces Acquisition of Allegro

Posted: 18 April 2019  |  Source: Allegro Development


Allegro Development Corporation, a global provider of enterprise commodity management solutions, has been acquired by ION Group, the companies announced today.

Andrea Pignataro, ION’s CEO, said, “The acquisition of Allegro Development Corporation expands our footprint in commodities and our portfolio of enterprise solutions.”

“ION’s long-term approach to product development and strategy is ideal for our culture of continuous innovation. I’m excited for what the future holds as we continue to expand our suite of offerings that enable our customers to solve their business challenges quickly and cost efficiently. Allegro clients can rely on ION’s long-term investment approach and benefit from ION’s additional scale, global capabilities and offerings, which will enhance Allegro’s existing offerings and expertise and advance Allegro’s product and delivery excellence,” said Allegro Development Corporation CEO Frank Brienzi.