News
Bridgeline Holdings Goes Live With OpenLink's Endur and gMotion
Risk-centric and Physical Natural Gas Trading Solution Replaces Disparate Systems
HOUSTON, TX, March 2, 2004 /Business Wire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that Bridgeline Holdings, L.P. — an intrastate natural gas pipeline, storage, and marketing company — has completed its implementation of Endur and gMotion. Taking the place of more than half a dozen different systems, platforms, and databases as well as the numerous interfaces previously required for system communication, Endur and gMotion will now be leveraged to manage all of Bridgeline's physical and financial natural gas transactions.
"Bridgeline's business portfolio spans both natural gas merchant and pipeline and storage facility operations," said Hugh H. Connett, president of Bridgeline. "We manage in excess of 1 billion cubic feet (Bcf) per day on a physical basis, delivering natural gas to our industrial, power generation, refining, chemical, and utility customers. With Endur and gMotion now live, we have completely replaced our business systems with a front- to back-office integrated solution that is scalable with minimal application and resource additions as we expand our business footprint and commercial scope."
Deploying a combination of Endur and gMotion supersedes the often cumbersome patchwork of systems that physical natural gas companies have had to create in order to accommodate their unique business processing requirements. OpenLink's combined functionality streamlines operations, reduces costs, and provides a scalable transaction lifecycle IT infrastructure that can easily support business growth and market shifts.
"This event is a true milestone for us," said Matthew Frye, managing director of OpenLink's Houston division. "And Bridgeline has been an important partner as they have helped us fine-tune our natural gas scheduling capabilities. This 'go live' is a crowning stamp of approval that confirms OpenLink as a new, major logistics solution provider. Combining gMotion with our leading trading, risk management, and back-office functionality, OpenLink now offers the most robust end-to-end solution for the natural gas market."
While gMotion provides the logistics functionality required by North American natural gas firms, OpenLink also offers a power scheduling solution aptly named pMotion. Both modules are truly optimized when used as intrinsic components of Endur's straight-through-processing environment, but either can also be deployed as a standalone solution.
"Working closely with partners like Bridgeline ensures that we are able to offer our users the comprehensive coverage needed to operate more efficiently today, while helping them prepare for tomorrow's challenges and opportunities," added Coleman Fung, OpenLink's founder and CEO. "A true standout, the Endur and gMotion combination is a powerful tool that focuses on a client's business."
About OpenLink
Founded in 1992, OpenLink is a leading provider of energy and financial trading, risk management, and operations software solutions. The company's Next Generation eXtensible (NGX) platform supports 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 AMP Capital Investors, Austin Energy, Banco de México, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Citigroup Global Market, Inc., Deutsche Bank, Edison Mission Marketing & Trading, Enbridge, Mirant, Nexen, Petróleos Mexicanos, Sequent, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and São Paulo, OpenLink employs more than 300 professionals worldwide.
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