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OpenLink Continues European Expansion With Berlin Office Opening

LONDON, November 14, 2001 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced the opening of its office in Berlin, Germany.

The new office marks the latest move in OpenLink's European expansion initiative, following successful energy and financial implementations at key German institutions within the past year. 

"With a number of existing client relationships in Germany and Austria, including Energieversorgung Weser Ems AG (EWE), Bayerische Landesbank, Verbund, and recent signings not yet released, an established presence in Berlin is ideally placed to provide local services while positioning us for future growth," commented Wolfgang Ferse, the office's managing director.

This opening is not only a tactical move to increase support for local clients, but is a strategic one that positions OpenLink for future growth within Eastern Europe.

"OpenLink has invested a great deal during the last twelve months in expanding our business in Europe," added OpenLink founder and CEO Coleman Fung.  "We remain determined to continue our managed-growth approach to strengthening our leadership position within the global markets."

Berlin Office Details

OpenLink International GmbH
Philip Johnson Haus
Friedrichstrasse 200
10117 Berlin
Germany
Phone:  +49 (0) 30 22 33 11 50
Fax: +49 (0) 30 22 33 11 52

About OpenLink

Founded in 1992, OpenLink has emerged as a leading solution provider of financial and energy trading and risk management systems with broad market functionality.  The company's global client base includes Bank for International Settlements, Credit Local de France, Deutsche Bank, Duke Energy International, Dynegy Inc., Hamburgische Electricitats-Werke, Energie Baden-Württemberg AG, Equiva Services LLC, ExxonMobil Gas, Gaz de France, Halifax PLC, Manulife Financial, Nexen, RWE Trading GmbH, Shell Trading, and WestLB.  Headquartered in Long Island, New York, OpenLink employs more than 250 professionals worldwide and has offices in New York, London, Houston, and now Berlin.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197