David’s insight and expertise will be crucial for the next phase of the OpenLink success story. He will be instrumental in scaling key aspects of our business.
New York (PRWEB) November 14, 2012
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, announced today that it has hired David Obstler as its new Chief Financial Officer.
Obstler will report to Dr. Mark N. Greene, CEO Designate, and oversee all finance functions and selected administrative functions, including business development, legal and human resources. As a member of OpenLink’s Executive Leadership Team, Obstler will participate actively in the strategic planning and resource allocation initiatives for annual operating plans.
Obstler brings deep financial and analytical expertise that is directly relevant to OpenLink’s offerings, having served previously as CFO of RiskMetrics Group and its subsequent acquirer, MSCI. He has extensive experience in helping those companies grow, both organically and through M&A activity, and he was instrumental in the RiskMetrics’ Initial Public Offering.
Greene said, “David’s insight and expertise will be crucial for the next phase of the OpenLink success story. He will be instrumental in scaling key aspects of our business. We welcome David and are excited about seeing his leadership positively impact OpenLink in many ways.”
Obstler said of his new responsibilities, “I respect OpenLink’s rich history of success, translating complex market variables into innovative solutions. The opportunity to work with such a skilled management team headed by Mark will be rewarding. I look forward to being a part of the coming chapters of this company’s growth.”
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Notes to Editor
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. 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.