OpenLink Announces First Quarter Results

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Focus and deliberate investment in integration result in OpenLink’s success

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Hesselbirg said, "We measure our success by our clients’ success. Our customers can be confident that the entire team at OpenLink will continue to invest in and enhance all the solutions we offer."

OpenLink Financial LLC (OpenLink) announces record first quarter license bookings. This success comes on the heels of the SolArc acquisition and is a clear indicator that the integration is progressing successfully, solidifying the organization’s position as the market leader.

OpenLink CEO, Kevin Hesselbirg, said that the integration is well underway and going smoothly. “We have been focused on diligently stitching together these two organizations and getting the integration right. We continue to invest in R&D across all of our product lines, which is to the benefit of everyone.”

At the end of the first quarter 2012, OpenLink exceeded key market milestones of more than 500 global customers, 1,250 global employees, and over $325 million in revenue. OpenLink has recently been recognized by several industry media outlets and analysts as the best in the E/CTRM industry across various categories. Organization leaders said they are committed to investing in their products, people, and intellectual capital to ensure all clients are successful.

Former SolArc CEO, Brad Anderson, said, "Customer reaction has been outstanding and validated assumptions that our ability to leverage the unique strengths of both product lines and the benefits of our expansive breadth of industry and market knowledge would be evidenced in a clear uptick in customer responsiveness and newly won business.”

Hesselbirg said, "We have been deliberate with our integration work completed to date, and we are pleased to see that our vision to aggregate technology solutions for various industries and market segments is highly valued by our customers. We measure our success by our clients’ success. Our customers can be confident that the entire team at OpenLink will continue to invest in and enhance all the solutions we offer."

About OpenLink

Founded in 1992, OpenLink 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.

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 1,250 employees worldwide.

To learn more about OpenLink's solutions visit http://www.OpenLink.com.

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