OpenLink's "Completeness of Vision" combined with "Ability to Execute" evaluated in magic quadrant research
New York - March 24, 2011 - OpenLink Financial LLC (OpenLink), the leading provider of cross-asset trading, risk-management and operations processing software, announced today that it is positioned in the Leaders Quadrant in the Gartner Magic Quadrant for Energy Trading and Risk Management (ETRM), published on March 18, 2011, by analysts Keith Harrison and David Furlonger.
"We are pleased to be recognized as "Leader" based on Ability to Execute and Completeness of Vision," stated Kevin Hesselbirg, OpenLink's CEO. Mr. Hesselbirg went on to add, "In conjunction with our consulting and support services staff, our clients executed upon more than 250 go-live events during 2010 in the form of initial implementations, upgrades, and deployments of new modules or traded markets. Clients' satisfaction with OpenLink was noted by the addition of 40 new clients, representing more than 2,000 new users to our C/ETRM platform and contributing to our more than 15% revenue growth. These new users to the OpenLink community further contributed to the largest market share in the industry and allowed us to pass a significant milestone of more than 20,000 worldwide users of our solutions."
Dr. Wolfgang Ferse, EVP, Commodities & Energy Solutions noted, "We believe being acknowledged in the Leaders Quadrant is a compliment to our sophisticated pioneering clients and our talented and innovative development and implementation teams who work in unison to meet the challenging requirements of the markets we serve and continue to drive our strategic product development roadmap. Gartner's comprehensive analysis illustrates the constantly evolving C/ETRM landscape and the commitment of the vendors who strive to achieve excellence."
The Gartner Magic Quadrant positions vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. In the latest Magic Quadrant, the analysts evaluated 15 ETRM platform providers.
According to Gartner, vendors in the Leaders quadrant have "applications that cover all the coreETRM platform requirements for all traded commodities within energy markets, extending coverage in key areas, such as market and credit risk management, logistics or portfolio / asset optimization. These vendors have true global coverage, providing solutions to all major energy markets. In addition, these vendors demonstrate established relationships with complementary product and service providers in all regions, a well-defined corporate and marketing strategy, and strong financial viability."
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor; product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.