OpenLink
Financial LLC (OpenLink), the global leader in Transaction Lifecycle
Management (TLM) software, announced today that it has achieved the top
spot for front-to-back commodities trading systems in Risk Magazine’s
2012 risk technology rankings.
Risk Magazine annually asks users of derivatives and risk management
technology services to nominate the leading vendor based on
functionality, usability, performance, return on investment and
reliability. For the 2012 rankings, over 1,000 participants voted and
selected OpenLink as the leading trading system in the commodities space.
“At OpenLink, we always strive to provide the most robust solutions to
our clients. Being selected as the leader by Risk Magazine readers
solidifies our spot in the commodities trading and risk management
space,” said Dr. Mark Greene, CEO of OpenLink. “As we look ahead, we aim
to expand clients’ transaction lifecycles, adding new capabilities and
services to meet their evolving needs.”
OpenLink clients leverage the front-to-back office solution to cover the
full lifecycle of their commodities and derivatives transactions. The
integrated offering allows for trade capture, valuation, compliance and
limits monitoring, position and risk reporting, collateral management,
accounting, and cash management, eliminating much of the manual data
integration and reconciliation work typically required in trading
operations.
ABOUT OPENLINK
Founded in 1992, OpenLink (www.openlink.com)
provides decision support software solutions for transaction lifecycle
management. This software encompasses financial and physical cross-asset
trading, risk management, related operations processing and portfolio
management for commodity, energy and financial services markets and
industries globally. The Company is a high growth, private equity-backed
global software and services business serving energy, commodities,
financial institutions, agribusiness, food & beverage, and corporate
customers.
OpenLink's best-in-class products help clients manage their commodity,
energy, and financial instrument trading activities across the entire
trading and supply chain lifecycle. The Company has grown both
organically and through strategic acquisitions, and generated pro forma
revenue of over $300 million in 2011.
The company services over 500 clients, including a world-class customer
base of 12 of the world's largest commodity and energy companies, nine
of the largest financial institutions, and 11 of the largest central
banks.
The Company has over 1,200 employees in its 12 global offices on five
continents. Based in Uniondale, on Long Island, NY, it has additional
offices in New York City, Houston, London, Berlin, Vienna, Toronto,
Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received multiple industry awards and recognition in 2011,
including being ranked as the industry leader by Gartner and ranked
first in its class by Energy Risk Magazine for Commodity/Energy Trading
and Risk Management (C/ETRM) systems.
OpenLink was acquired in October 2011 by leading private equity
investment firm Hellman & Friedman LLC.
ABOUT RISK MAGAZINE
Risk covers the latest developments in risk management, derivatives
pricing, derivative trading, banking regulation, law and documentation,
exchanges, and clearing and settlement.
In every financial centre throughout the world, the business of risk
management is the cornerstone of growth. Such is the power and depth of
Risk's reputation that in each of these countries, you will find someone
subscribing to Risk and advertisers using Risk to reach them. Risk has
subscribers in more than 90 countries, or 44% of all nation states -
almost the entire developed and developing world.
The Risk Technology Rankings survey was conducted in October 2012.
