News
OpenLink Dominates Energy Risk Software Rankings – voted 1st Place in 11 Categories
Awards Include No. 1 for Physical and Financial Integration, Market Risk for Oil and Gas, and Best Overall ETRM platform
New York, New York - March 9, 2011 - OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that it has been ranked first place in 11 categories in Energy Risk Magazine's 2011 industry survey. End-users from energy trading companies, oil/gas houses, utilities, energy producers and many others voted to select the best vendors in the space.
Kevin Hesselbirg, CEO of OpenLink, responded to the distinction by voters, "This year's categories reveal the top market challenges our clients are facing including: value chain management and decision support, new regulations, compliance requirements and heightened risk awareness in a global environment, and an increased interest in renewables and alternative energy. We are pleased to receive this feedback from the marketplace, as our blueprint for success has always been centered around providing cutting-edge, pioneering solutions in a constantly evolving market."
Dr. Wolfgang Ferse, EVP of Commodities and Energy Solutions at OpenLink, noted, "The responses show that the market participants value OpenLink's solution strategy to support all physical and financial elements within the cross-commodity ETRM value chain in a truly integrated way, whilst continuing to provide market leading analytical and risk methodologies focused on profit optimization and risk control."
Overall, OpenLink ranked highest in terms of number of votes cast and No. 1 placement in Markets, Functionality and Industries that it supports, including:
- 1st = Physical and Financial Integration
- 1st = Market Risk: Oil
- 1st = Market Risk: Gas
- 1st = Best Product Coverage
- 1st = Best Knowledge in Market in Which Software Operates
- 1st = Risk Metrics
- 1st = Portfolio Management
- 1st = Integration of Different Data Sets
- 1st = Degree of STP
- 1st = Front Office and Trade Capture
- 1st = Best overall ETRM platform
Ferse added, "By providing advanced decision-support and reporting around trading, risk management, inventory/storage management, transportation, and energy scenario management, OpenLink offers industry participants key tools to move beyond reacting to market changes. Our goal is to allow our users to truly capitalize on market opportunities and options, within known constraints, while managed by a risk-adjusted valuation paradigm and strong operational control inclusive of compliance tools, fully compliant with existing and pending governmental regulations."
Dr. Ferse contributed to an article written by Energy Risk's U.S. Editor, Pauline McCallion, providing his perspective on the survey results. To read more, or to view the full survey results, please visit: Energy Risk.
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 2011 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.
About Energy Risk Magazine
Energy Risk is the leading intelligence on commodity risk management and trading. Providing essential coverage on the latest product and trading news, market trends, profiles, company reviews, roundtables and regulatory developments, as well as offering practical and theoretical insights into the most effective derivatives instruments and hedging strategies.
About OpenLink
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 350 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow and Toronto, OpenLink has more than 1000 employees worldwide.
To learn more about OpenLink's solutions for Optimization visit: Solutions for Optimization
Press Contacts:
Ishviene Arora
Cognito
Phone: +1 646 395 6316
olf@cognitomedia.com
Marketing and Communications
OpenLink
Phone: +1 516 833 4509
