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 standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
@DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. 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.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
DXWorldEXPO LLC announced today that Dez Blanchfield joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Dez is a strategic leader in business and digital transformation with 25 years of experience in the IT and telecommunications industries developing strategies and implementing business initiatives. He has a breadth of expertise spanning technologies such as cloud computing, big data and analytics, cognitive computing, m...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...