Single Source of Clean Data:
Modern Data Management

New white paper reviews how better data can help firms optimize their collateral management practices.

Download now Download now
White Paper: Single Source of Clean Data: Modern Data Management

OpenLink Voted Best Overall
Energy Trading and Risk Management
Platform for Ninth Year in a Row

Annual Energy Risk survey also ranks OpenLink “Best ETRM System for Project Delivery on Time and Within Budget.”

Read press release
OpenLink voted No. 1 for Energy Trading Risk Management (ETRM) systems

Better Risk Analytics Power Our
Derivatives Management System

 
Control your costs and maximize your capital with our hosted derivatives trading and operational processing solution.

Learn more
OpenLink solutions for derivatives trading and operational processing

Coal Supply Management
and Trading


  
Power the world from the ground up!

Find out more
Coal-Energy

Collateral Management Accolades

Analysts praise our Collateral Management Solution for delivering cross asset product coverage with seamless integration between the collateral and risk management functions.

Find out more
OpenLink Collateral Management Solution

Commodities Sourcing & Risk Management

Transparency, controls & compliance, forecasting…managing your total margin in the Food & Beverage Industry

Find out more
Food and Beverage

Agricultural Commodity Management

Know your positions, risk and P&L across commodities and financial instruments and then drill down to investigate areas of concern to the transaction level.

Learn more
Agricultural commodity management

Be Ready for Regulatory Compliance

Our Dodd-Frank Compliance Solutions deliver high-value solutions with immediate benefits, helping you meet CFTC regulatory compliance standards.

Find out more
Regulatory Compliance - Dodd-Frank, EMIR, REMIT

Enhanced Decision Making...

through integrated bar management. Proven metals solution that allows businesses to manage their derivatives and complex movements of physical metal.

Learn more
Solutions for base metals and precious metals

Improve Your Fuel Management Processes

Learn how airlines can reduce costs across their fuel supply chain and improve the productivity of personnel involved in all aspects of fuel management.

Learn more
Airline Fuel Management

What's in Your Treasurer's Toolbox?

Changing expectations and new risks in liquidity management are affecting corporate Treasury. Find out which tools industry experts advise corporates use to protect assets in the future.

View webcast
Webcast: Risk Managemen in Treasury
Latest NewsMore News

News

OpenLink Acquires dbc SMARTsoftware Inc. Establishes Leading Position in Agricultural, Biofuel and Soft Commodity Software Solutions Market

New York, January 19, 2010 - Business Wire - OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that it has acquired dbc SMARTsoftware, Inc., ("dbc"), a global provider of software solutions for the agricultural, biofuel and soft commodity industries.

dbc develops and markets dbcSMARTsoft, a premier software solution suite for producers, processors, manufacturers and traders who buy, sell, hedge, warehouse, merchandise, export, and transform commodities into value-added products and by-products for distribution. With hundreds of installations in sixteen countries, dbc provides mission critical solutions that help manage exposure to commodity price and currency fluctuations while providing a portfolio of components to manage the complete value chain of agricultural-based products, chemicals, softs and fuels.

Kevin Hesselbirg, CEO of OpenLink said, "dbc has established itself as a leader in the agricultural and soft commodity field by offering rich and high quality solutions to their clients. They fit well into our strategy of acquiring exemplar solutions companies to augment our existing business and extend our reach and solution set. dbc is an excellent complement to our current offerings; we will continue to invest in this sector and be responsive to the dynamic requirements of the industry."

Henry Bonner, OpenLink's SVP of Corporate Development, added, "Many deeper physical requirements of the agricultural and soft commodity markets are not adequately addressed by the ETRM/CTRM software community and this is an area in which dbcSMARTsoft excels. The dbcSMARTsoft solution will be further enhanced by OpenLink's Endur risk management tools and our Findur treasury solutions. In addition, we see tighter regulations coming into the sector, requiring not just improved risk management, but also auditability and traceability of food."

Maurice Boughton, Founder and President of dbc, will continue to manage the business, which will operate as dbcSMARTsoft, an OpenLink Company, with Andy Joakim remaining CTO. Maurice Boughton said, "In OpenLink, we have found our ideal partner; one who will help us continue to expand our offering globally and help our clients move to even more advanced levels of commodity and financial risk management. We are thrilled to be a part of such an impressive organization."

About dbc SMARTsoftware

dbc SMARTsoftware specializes in the development of Commodity Management, Merchandising and Grain Accounting software. With over three decades of expertise in the commodity-agribusiness industry, the company is located just outside of Toronto, Canada, an agricultural, technology, and financial hub.

The dbcSMARTsoft solution specifically includes: Commodity Management with Contracts, Tickets, Advances, Final Settlement, Accruals, Order Logistics, Debit/Credit Memos, Storage, Position Risk Management, Bin Management and Futures & Options. Also included are A/R, A/P, G/L, Financial Reporting, Inventory Costing, Production, Sales Order Processing, Sales Analysis, Purchase Orders, RIN processing, Brokerage and Contracts-Multiple Products.

About OpenLink

Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.

OpenLink's client base of more than 350 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.

Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow and Toronto, OpenLink has more than 1000 employees worldwide.

Share


 
 

Back to News & Events ›


Contact Us

Media Relations
OpenLinkPR@openlink.com