OpenLink Named One of New York Area's Largest Software Companies in 2005
OpenLink Ranks 15th in Crain's New York Largest Software Companies List
Uniondale, NY - November 28, 2005 - Business Wire - OpenLink Financial LLC (OpenLink), a principal supplier of energy and financial trading, risk management, and operations processing software, announced today their ranking in Crain's 2005 New York Business Top 25 Largest Software Companies. Among the 25 software companies that made the list were IBM and Computer Associates; OpenLink ranked 15th.
To qualify for the rankings, a software company must have an office in the New York area and must sell software and/or information technology services to other companies as their primary business. The list was ranked by the total number of full-time development personnel, including programmers and consultants who spend 51% of their time on IT design, maintenance, construction, implementation, and/or strategy. OpenLink's ranking can also be attributed to the fact that its revenue totals for 2004 reached $54 million. Subsequently, this led to a 16% increase in development personnel from calendar year 2003.
Bob Kalish, chief technology officer for OpenLink, noted, "This recognition is a testament to the dedication of our software engineers and business experts working locally in New York and also globally in many of our overseas office locations. Being ranked among such an impressive list of companies validates our continued commitment and hard work at producing world-class software solutions."
Coleman Fung, founder & CEO of OpenLink commented, "Since our inception, the goal here at OpenLink has always been to provide a unique, conducive corporate culture that allows our talented staff to develop leading-edge software solutions for the global markets. If we can raise the quality of life of our staff and contribute to the local New York economy as we grow, every OpenLink employee deserves a pat on the back."
Founded in 1992, OpenLink is a leading developer of energy and financial trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in energy, derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink has grown steadily since its inception and is staffed today by more than 330 professionals who are dedicated to serving its diverse client base of energy marketers, banks, central banks, insurance companies, corporate treasury departments, hedge funds, asset managers, and public utilities. OpenLink's global client base includes 70+ clients such as Banco de México, Bank of America, Bank for International Settlements, Bank of Canada, HBOS Treasury Services, Bridgeline Holdings, Citigroup Global Market, Inc., Deutsche Bank, Enbridge, Nexen, Shell, Statoil, and Vattenfall Europe Trading. Headquartered in Long Island, New York, global offices include: London, Houston, New York City, Berlin, Sydney, and São Paulo.