OpenLink

OpenLink Completes Move to New Corporate Headquarters

Increased Demand for Software Products and Staff Expansion Prompt Relocation

UNIONDALE, NY, October 11, 2004 /Business Wire/ — OpenLink, a leading provider of energy and financial trading and risk management software solutions, today announced the relocation of its Long Island corporate headquarters to EAB Plaza in Uniondale, New York.

"This move supports our ongoing investment in intellectual resources as we respond to the revival of the energy markets and a rebound in technology spending within the financial sector," said Kevin Hesselbirg, OpenLink's COO/CFO. "We continue to witness increased demand of our straight-through-processing software solutions, and this new facility has been designed to allow us to keep pace with our growth while maintaining our competitive edge."

The recent relocation marks the start of a long-term lease agreement that encompasses the entire fifteenth floor, a total of 31,565 square feet of office space, in the West Tower of EAB Plaza. Designed to increase efficiencies among departments and bolster client support activities, the company's new headquarters has been customized to better meet the growing needs of an organization that supports seven regional offices and expanding international operations.

"This new corporate home creates a team-oriented environment and provides the space needed to continue to add Long Island-based staff," said Coleman Fung, OpenLink's founder and CEO. "As other technology companies offshore their development functions, we have assessed our options and are taking a different tack, one that adds jobs locally, while serving clients globally."

The company's new address is 1502 EAB Plaza, 15th Floor — West Tower, Uniondale, NY 11556, and all phone and fax numbers have been retained.

About OpenLink

Founded in 1992, OpenLink is a leading provider of trading, risk management, and operations software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Deutsche Bank, Edison International, Enbridge, Mirant, Nexen, Shell, and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, São Paulo, and Tokyo, OpenLink employs more than 270 professionals worldwide.

Editorial Contact:

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