New York (PRWEB) March 19, 2012
OpenLink Financial, LLC (OpenLink), a leading provider of energy, commodities, trading, risk management (C/ETRM), logistics, production, processing and optimization solutions, which support the entire transaction lifecycle, announced today that it is positioned in the Leaders Square of the Gartner Magic Quadrant for Energy Trading and Risk Management (ETRM), published March 14, 2012, by analysts Keith Harrison and David Furlonger.
Kevin Hesselbirg, OpenLink’s CEO, praised Gartner by stating, “Gartner’s due diligence and commitment to the C/ETRM space is clearly reflected in their research. We feel this is recognition for our pioneering work on industry trends like Dodd-Frank, our ability to scale to very large international deployments, and our extensive integration capabilities. Our true reward is seeing our clients excel in the markets and industries we serve, translating vision into delivered solutions globally.”
Dr. Wolfgang Ferse, OpenLink EVP of Commodities and Energy Solutions, said, "We are proud that we are positioned as a leader – consistently keeping abreast of evolving trends and emerging markets. We feel this research confirms our approach to provide value-adding decision software support for the complete supply chain across a multitude of energy and commodity marketplaces. We are pleased that our continued investment, in the form of new functionality delivered to the marketplace and our users, continues to be recognized.”
The Gartner Magic Quadrant positions vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. In the latest Magic Quadrant research report, the analysts evaluated 14 ETRM platforms.
According to Gartner, vendors in the Leaders quadrant have "applications that cover 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."
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Founded in 1992, OpenLink provides decision support software solutions for transaction lifecycle management. This 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.
OpenLink's client base of more than 540 clients 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, Dallas, Tulsa, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow, Toronto, and Dubai, OpenLink has more than 1,300 employees worldwide.
To learn more about OpenLink's solutions visit http://www.OpenLink.com.