OpenLink Voted "Best Overall ETRM Platform"
Energy Risk Magazine Readers Confer Top Award on OpenLink for 8th Straight Year
New York, NY - March 13, 2013 – OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, announced today that it was voted “Best Overall Energy Trading Risk Management (ETRM) Platform” in Energy Risk Magazine’s 2013 industry survey. Participants in the survey included end-users from energy trading companies, oil/gas houses, utilities, energy producers, and executives from other firms who ranked their top software and data vendors and implementation specialists.
“We thank our sophisticated clients for choosing OpenLink and recognizing us in the Energy Risk Rankings. Winning this award eight years in a row validates our efforts to remain at the forefront of the ETRM market by delivering superior value to our clients,” said Ken Knowles, EVP of Product Management at OpenLink. “We evolve our Endur product in collaboration with our users as they look to expand the boundaries of traditional ETRM, including the evolving transaction lifecycles, increased regulatory demands, and operational analytics, such as margin, liquidity, and collateral.”
OpenLink also ranked No.1 in the following categories:
- Widest Product Coverage
- Operational Risk
- Best Middle Office System
- Market Risk: Oil
- Portfolio Management
Distinguished leadership was acknowledged for the following categories:
- Most Preferred Software Brand
- Post-Trade Services
- Order Routing & Connectivity
- Market Risk: Gas
- Freight Trading
- Risk Metrics
- Integration of Different Data Sets
- Degree of Straight-Through-Processing
- Front Office & Trade Capture
- Physical and Financial Integration
- Customer Support
- Best Knowledge of the Market in Which the Software Operates
- Best Front Office System
The Energy Risk survey assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools. The 2013 survey also focused on assessing solution attributes, such as adaptability to new markets and products, increased physical functionality, advances in analytics, degree of commodity coverage, and real-time functionality.
Founded in 1992, OpenLink (www.OpenLink.com) is the global leader in transaction lifecycle management solutions for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk Magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.