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OpenLink Voted Best Overall Energy Trading and Risk Management Platform for Ninth Year in a Row
|By Business Wire
|February 27, 2014 05:00 AM EST
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
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
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:
Market risk: Oil
Market risk: Gas
Widest product coverage
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
Overall ease of using the system
compliance (i.e. Dodd-Frank, Remit)
Access to multiple OTC and cleared energy markets
Market risk: Power
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
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,
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.
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