“We valued the opportunity to interact with our clients, and look forward to working with them in close partnership as we expand the horizons of transaction lifecycle management together,” said Dr. Markus Seiser, EVP of Product Marketing,OpenLink.
New York, NY (PRWEB) October 23, 2012
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, last week unveiled its strategy for “Expanding Horizons of Transaction Lifecycle Management.” The blueprint was delivered in Montreal to the 371 delegates of the ninth OpenLink User Conference, the largest conference for the company on record.
The event marked the first time that clients from all of OpenLink’s products gathered in one forum, with attendees from 21 countries representing 91 firms in the energy, capital markets, and industrial/commercial sectors. Attendees shared industry insights and presented case studies demonstrating the value of OpenLink’s innovative technology in managing complex transactions involving financial and physical assets.
Kevin Hesselbirg, outgoing CEO and newly-appointed Vice Chair of OpenLink’s Board, reprised the company’s progress over the past year, including its expansion through recent acquisitions of SolArc and CubeIntelligence, and geographic expansion to Dubai and Bangalore.
Dr. Mark Greene, CEO designate, then presented a vision of OpenLink’s future expansion into new asset classes, additional lifecycle phases (including pre-transaction support and post-transaction operations), and deeper analytic content. Dr. Greene noted: “Heightened regulatory and competitive pressures, are driving the need for more transparency, increased ancillary information, and a global view of firms’ positions – in other words, more comprehensive transaction lifecycle management capabilities. OpenLink stands ready to meet this challenge, leveraging our market-leading Endur, Findur, and RightAngle products.”
He committed to building on the company’s past success by emphasizing client satisfaction, product management, and leadership in both technical innovation and business insight.
Dr. Markus Seiser, EVP of Product Marketing, provided further specifics on this vision, by specifying roadmaps for each OpenLink product for the coming 18 months. Dr. Seiser said: “Given the sophistication of our clients and their growing needs for advanced TLM, we are positioning OpenLink for increasing transparency concerning our product direction. Through the User Conference and a soon-to-be-launched Client Advisory Council, we will both solicit customer input and share our product strategy.”
Dr. Seiser concluded by thanking attendees, noting the high-degree of engagement at 71 workshops and the level of interest in the 39 product demonstrations conducted at the conference. “We valued the opportunity to interact with our clients, and look forward to working with them in close partnership as we expand the horizons of transaction lifecycle management together,” he added.
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.