"Completeness of Vision" and "Ability to Execute" evaluated for Leadership status of OpenLink in Magic Quadrant research
New York – March 19, 2012 – OpenLink Financial LLC (OpenLink), a leading provider of energy, commodities, trading, and risk management (CTRM/ETRM), logistics, production, processing and optimization solutions, which support the entire transaction lifecycle, announced today that it is positioned in the Leaders Square of the Gartner Magic Quadrant for Energy Trading and Risk Management (ETRM), published March 14, 2012, by analysts Keith Harrison and David Furlonger.
Kevin Hesselbirg, OpenLink’s CEO, praised Gartner and said, “Gartner’s due diligence and commitment to the C/ETRM space is clearly reflected in their research. We appreciate that they highlighted our pioneering work on industry trends like Dodd-Frank, our ability to scale to very large international deployments, and our extensive integration capabilities. Our true reward is seeing our clients excel in the markets and industries we serve, translating vision into delivered solutions globally.”
Dr. Wolfgang Ferse, OpenLink EVP of Commodities and Energy Solutions, said, "We are proud that we could extend our position as a leader, especially in the area of completeness of vision – consistently keeping abreast of evolving trends and emerging markets. This research confirms our approach to provide value-adding decision software support for the complete supply chain across a multitude of energy and commodity market places. We are pleased that our continued investment, in the form of new functionality delivered to the marketplace and our users, was seen as exemplary by the Gartner research group. In addition, Gartner highlighted our ongoing effort to create standardized implementations for defined markets as a strength.”
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 research report, the analysts evaluated 14 ETRM platforms.
According to Gartner, vendors in the Leaders quadrant have "applications that cover the core ETRM 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."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.