OpenLink Completes Acquisition of Cubelogic – Takes Business Intelligence Solutions to Their Global Market

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Business intelligence solution dramatically reduces time to market with a range of domain-centric cubes, featuring advanced risk analysis, data aggregation, self-service report generation, and workflow management

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Kevin Hesselbirg, OpenLink CEO, said, “Our consistent goal is to expand our footprint and bring world-class solutions to our sophisticated clients."

OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations software solutions, is pleased to announce CubeLogic Limited (CubeLogic) is now a wholly owned subsidiary of OpenLink International Limited.

The company plans to showcase the CubeLogic range of business intelligence solutions at its user conference in Montreal, October 16th-19th, 2012. Customers will see how CubeLogic’s set of off-the-shelf adaptors will link to OpenLink’s family of solutions for the energy, capital markets, and commercial and industrial sectors. These adaptors, combined with published standards for extracting information from third party systems, will dramatically reduce time to market for a range of business intelligence-based solutions including:

  •     Credit Scoring (for analysis of counterparty financials)
  •     Credit Risk and Collateral Management
  •     Cross Product Position and Market Risk Reporting
  •     Trade Flow Analysis (for analysis of global shipping data)
  •     Treasury Reporting (for enhanced cash flow management)

This acquisition marks a strategic initiative by OpenLink to enter the burgeoning market for business intelligence based application solutions that help customers integrate, aggregate, analyze and report on key corporate data.

Kevin Hesselbirg, OpenLink CEO, said, “Our consistent goal is to expand our footprint and bring world-class solutions to our sophisticated clients. CubeLogic’s team is already working with a number of our customers who require advanced business intelligence, providing them with quantifiable, proven benefits to their operations. Our global sales and support network will help CubeLogic bring their world-class solutions to the broadest possible market.”

David Priestley, Founder of CubeLogic, commented, “Completion of this deal confirms our technological and functional lead over the competition. Double digit growth in the business intelligence market combined with OpenLink’s premier market positions us well for the future”

To learn more about this exciting technology, please visit: OpenLink’s CubeLogic

About CubeLogic

Founded in 2009 CubeLogic 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 CubeLogic’s ground-breaking 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 Centrica, EDF Trading, EoN, Gazprom and Mercuria, CubeLogic has rapidly established its technological lead over the competition.

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 13 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 OpenLink also has offices in New York City, Houston, Dallas, Tulsa, London, Bangalore, Mumbai, 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.

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