New York, NY (PRWEB) October 22, 2013
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, was ranked a category leader for Energy Trading Risk Management (ETRM) systems in the latest report from Chartis Research.
The report, "Energy Trading Risk Management Systems 2013,” is a guide for buyers and reviews the competitive landscape for leading ETRM vendors. As depicted in the quadrant, OpenLink has both the “most complete” offering and the “greatest market potential” in the global energy trading risk technology marketplace. View the RiskTech Quadrant™ report on OpenLink.
Chartis uses the RiskTech Quadrant™ methodology to review the completeness of the product and technology capabilities of vendors and their organizational capabilities.
According to the report, the most important functionalities for ETRMs are:
Peyman Mestchian, Managing Partner at Chartis Research, said, “As noted in the report, Chartis compiles its “Market Potential” rankings by considering a vendor’s existing energy trading risk management client base, track record of delivering successful energy trading risk technology projects, growth strategy and brand, post-sales implementation and support capabilities, strategy for and investment in continued innovation in energy trading risk management solution and related products, potential volume of energy trading risk management wins, and potential value of energy trading risk management deals.”
Dr. Mark Greene, OpenLink’s CEO, said, "OpenLink has a proven record of providing a comprehensive solution that helps customers optimize their energy trading and mitigate risks. We are constantly refining and adding to our core offering in response to changing industry conditions. It is very gratifying that Chartis has been able to independently verify the value we bring to customers."
Watch the new OpenLink video on the latest challenges for energy companies.
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Notes to Editor
Chartis is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information, visit http://www.chartis-research.com. Chartis Research is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice.
Founded in 1992, OpenLink (http://www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.