Welcome!

News Feed Item

OpenLink Voted Best Overall Energy Trading and Risk Management Platform for Ninth Year in a Row

OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, has been voted “Best Overall ETRM Platform” and “Best ETRM System for Project Delivery on Time and Within Budget” in the 2014 Energy Risk Software Rankings.

These accolades represent almost a decade of overall excellence for OpenLink in providing commodity/energy trading and risk management (C/ETRM) systems, according to the 2014 Energy Risk Software Rankings.

OpenLink has honed its project delivery expertise by leveraging intellectual capital gleaned from global implementations for more than 450 clients. The company has developed its proprietary Market Standard Implementation Models, a time-saving, cost-effective way for clients to streamline deployment of C/ETRM systems. For example, the company recently successfully deployed its Endur system in just 12 weeks for a major international energy company and a global trading group based in Europe.

Further underscoring OpenLink’s delivery excellence is its Springboard Implementation Approach, which accomplishes the following:

  • Minimizes total cost of ownership for the client
  • Shortens time to market and time to trading
  • Maximizes ROI for OpenLink customers
  • Minimizes delivery risks
  • Promotes excellence on execution and for reusable implementations
  • Leverages best-of-breed business and IT intellectual property

“In conjunction with our product management strengths, OpenLink’s vote of confidence from users in the ‘Best Overall Ease of Using the System’ category shows that OpenLink is committed to an ongoing investment in the company’s ETRM platform. It also serves as proof that OpenLink is focused on delivering a robust and holistic user experience to satisfy a demanding global client base,” said Ken Knowles, Executive Vice President, Product Management at OpenLink.

OpenLink earned a total of 23 top-three placements in the Energy Risk survey. In addition to “Best Overall ETRM Platform” and “Best ETRM System for Project Delivery on Time and Within Budget,” voters ranked OpenLink as No. 1 in the following categories:

  • Post-trade services
  • Market risk: Oil
  • Market risk: Gas
  • Portfolio management
  • Widest product coverage
  • Coal trading
  • Degree of straight-through-processing
  • Physical and financial integration
  • Best middle-office system

Survey voters also recognized OpenLink’s strengths in several ancillary areas, placing the firm in the top-two providers in the following categories:

  • Overall ease of using the system
  • Customer/support services
  • Regulatory compliance (i.e. Dodd-Frank, Remit)
  • Access to multiple OTC and cleared energy markets
  • Market risk: Power
  • Modelling
  • Risk metrics
  • Front office & trade capture
  • Best knowledge of the market in which the software operates

The annual Energy Risk Software Rankings are based on an online poll, which the magazine ensures consists of only industry end-users from energy trading companies, oil/gas houses, utilities, energy producers and executives from other firms who rated their top software and data vendors and implementation specialists.

“We are gratified by our strong showing in the survey, and appreciate this vote of confidence from the user community,” said Dr. Mark Greene, CEO, OpenLink. “We work hard to maintain leadership in the dynamic ETRM market, so this outcome is an important validation of our investments in our ETRM products and delivery services. We remain committed to evolving these offerings to help our clients succeed in this increasingly competitive industry.”

About OpenLink

Founded in 1992, OpenLink (www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software 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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...