(PRWEB) October 16, 2012
OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations software solutions, announced today the company’s ranking on the FinTech 100, an annual international listing of the top technology vendors that derive more than one third of their revenue from this industry as named by American Banker, Bank Technology News and IDC Financial Insights. OpenLink appears on the list for the fifth consecutive year and advanced five spots in this year’s rankings.
OpenLink earned its spot on the FinTech 100 rankings through the company’s continued global expansion with new client signings and expanded functionality usage, including key areas such as credit risk and collateral management.
“We are honored to be included among the top global financial technology providers on the FinTech 100 list,” said Ken Knowles, EVP, Financial & Risk Solutions of OpenLink. “We pride ourselves in developing and delivering innovative solutions and helping our clients successfully deploy those solutions in an ever-changing market environment.”
To learn more about OpenLink solutions for Capital Markets, visit: http://www.openlink.com/.
Each fall, American Banker, Bank Technology News and IDC Financial Insights publish a comprehensive Fortune 500-style ranking of the hardware, software and service providers to the financial services industry. The ranking of the top vendors is categorized and evaluated based on calendar year-end revenues and the percentage of revenues exclusively attributed to financial services. Data is gathered from surveys completed by vendors, as well as original research and market analysis conducted by IDC Financial Insights.
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Notes to Editor
Founded in 1992, OpenLink (http://www.openlink.com) provides decision support software solutions for transaction lifecycle management. This software encompasses financial and physical cross-asset trading, risk management, related operations processing and portfolio management for commodity, energy and financial services markets and industries globally. The Company is a high growth, private equity-backed global software and services business serving energy, commodities, financial institutions, agribusiness, food & beverage, and corporate customers.
OpenLink’s best-in-class products help clients manage their commodity, energy, and financial instrument trading activities across the entire trading and supply chain lifecycle. Founded in 1992, the company has grown both organically and through strategic acquisitions, and generated pro forma revenue of over $300 million in 2011.
The company services over 500 clients, including a world-class customer base of 12 of the world’s largest commodity and energy companies, nine of the largest financial institutions, and 11 of the largest central banks.
The Company has over 1,200 employees in its 12 global offices on five continents. Based in Uniondale, on Long Island, NY, it has additional offices in New York City, Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received multiple industry awards and recognition in 2011, including being ranked as the industry leader by Gartner and ranked first in its class by Energy Risk Magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.
OpenLink was acquired in October 2011 by leading private equity investment firm Hellman & Friedman LLC.