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News
OpenLink Recognized as a 'Leader' in the Magic Quadrant for Energy Trading and Risk Management Platforms
Uniondale, New York, April 23, 2009 Open Link Financial, Inc. (“OpenLink”), a leading provider of cross-asset trading, risk management and operations processing software was named a leader in the “Magic Quadrant for Energy Trading and Risk Management” by Gartner , Inc.
Gartner’s Magic Quadrants position vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. To derive the Magic Quadrant, Gartner evaluated 13 leading ETRM platform providers.
According to Gartner, vendors in the Leaders quadrant have “applications that cover all 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.”
"We believe our position in the Leaders quadrant is a reflection of the value OpenLink provides to energy market participants with its cost effective, scalable, integrated, credit, risk, and portfolio management solution," said Kevin Hesselbirg, CEO at OpenLink. “OpenLink is unique in providing a true, cross-commodity, ETRM and optimization system that handles the entire life cycle of a trade, providing integrated physical and financial trading with linked logistics. OpenLink will continue to aggressively respond to the ever-changing dynamics of the market, while providing state-of-the-art solutions and first-class customer service.”
About The Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About OpenLink
Founded in 1992, OpenLink is a leading developer of cross-asset trading, risk management, and related operational and portfolio management software. OpenLink’s diverse client base of over 130 customers worldwide includes 10 of the top 25 largest energy companies, eight of the largest financial institutions and seven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore, OpenLink has more than 700 employees worldwide.
Editorial Contact:
Marketing and Communications
Open Link Financial, Inc.
Phone: +1 516 833 4509