Mr Simpkins is currently the managing partner for GPS Capital Partners, a banking advisory firm based out of Dallas, and serves in board and advisory positions for several firms spanning energy, clean-tech and software.

Mr Simpkins's experience as a senior executive extends from strategy and finance to operations. Past positions include serving as COO and CFO at SensorLogic; executive vice president and global chief risk officer at TXU Energy; and senior vice president of Duke Energy.

Eldon Klaassen, founder and CEO of Allegro, said: "Patrich is a fantastic addition to our board. He brings a unique blend of business and technical leadership from the Energy industry, and his background building several successful energy companies will be invaluable to our company as we continue to grow and leverage our energy trading and risk management expertise and solutions."

A service of YellowBrix, Inc.