New York (PRWEB) October 02, 2012
OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations software solutions, today launched the CubeIntelligence portfolio of business intelligence solutions. The launch comes on the heels of the company’s recent acquisition of CubeLogic, now a wholly owned subsidiary of OpenLink.
Commenting on the new capabilities resulting from the acquisition Dr. Markus Seiser, EVP, Global Product Marketing, OpenLink, said, “Our new CubeIntelligence portfolio provides clients with innovative business intelligence solutions both across and beyond OpenLink’s core platforms.”
CubeLogic founder David Priestley commented, “The launch of CubeIntelligence reflects the growing interest in business intelligence. Our goal is to have a cube in all OpenLink clients within three years.”
CubeIntelligence offerings will be exhibited in booth No. 3 at the 88th Annual IECA Conference to be held October 14 – 17, 2012, at the Marco Island Marriott Beach, Marco Island, FL. Demonstrations include solutions and cubes for credit scoring, credit risk, collateral management, cross product position aggregation, market risk reporting, commodity flow analysis, and treasury reporting.
Founded in 2009, CubeIntelligence provides advanced risk management solutions to the finance and commodities sectors. Their mission is to deliver business intelligence based risk solutions providing real-time risk management with unrivalled flexibility and performance. The combination of CubeIntelligence’s groundbreaking technology, architecture, and innovative use of Business Intelligence tools has earned it Energy Risk magazine’s “Highly Commended Technology House of the Year 2012.” With Blue Chip clients including Mercuria, Centrica, EON, Gazprom and EDF Trading, CubeIntelligence has rapidly established its technological lead over the competition.
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.