News
Open Link and Verysell Projects Partner to Sell and Support Open Link's Systems across Russia and the Commonwealth of Independent States (CIS) Countries
New York - May 13, 2008 - Business Wire - Verysell Projects has reached an exclusive agreement with Open Link to provide value added reseller (VAR), IT project management and technical support services for Open Link systems across Russia and the CIS. This partnership provides expanding energy trading businesses in the region with enhanced performance capabilities and flexibility through Open Link's leading edge technology.
Open Link is recognized as the market leader in Energy Trading and Risk Management (ETRM) solutions, providing an unparalleled universal, flexible platform for trading, risk management, forecasting, and optimization in the energy and commodities markets. In its '2008 Software Rankings' published by Energy Risk Magazine, Open Link was voted the winner in 13 out of 20 survey categories and was named in the top 3 in every category.
"This partnership allows us to support increased volume and trading velocity across Russia and the CIS. It also provides increased efficiency and competitive strength to our customers," said Alexander Fingert, the Deputy General Director of Verysell Projects. "Before this agreement, no ETRM vendor provided world-class energy and commodity trading and risk management solutions to the Russian market," added Mr. Fingert.
"Open Link provides a unique solution because it can be quickly adapted and integrated with an organization's existing systems," said Leonid Kuropatov, the Deputy Managing Director of Verysell Projects. "In addition, Open Link's ETRM, scheduling and optimization solutions meet critical requirements such as price and load forecasting, short-term and medium-term optimizations, sensitivity analysis, risk assessment and risk management, bid management, and the ability to distribute information on bidding results," added Kuropatov.
Dr. Markus Seiser, Managing Director of Open Link International in Berlin, added that "Verysell's long standing experience in IT project management and its specific expertise in the region makes us certain that this partnership will fully benefit our current and future clients. With Verysell providing local support, Open Link's products will become a key part of the market in this region, ensuring our Russian and CIS client base will come to regard Open Link as the best solution available."
About Verysell Projects
Verysell Projects was founded in 1998, and, as lead contractor, manages unique large-scale projects in the field of information and communication technologies across Russia and the CIS. Verysell Projects is a member of Verysell Group of Companies. The client list of Verysell Projects includes leading Russian and foreign enterprises specialized in a number of business and industry sectors (oil/gas, electric power, banking and financial services, telecommunications, etc.), as well as government agencies and institutions.
About OpenLink
Founded in 1992, OpenLink is a leading developer of cross-asset 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 virtually all asset classes including crude products, natural gas, electricity, weather derivatives, emissions credits, interest rate derivatives, credit derivatives, hybrid/structured products, fixed income securities, foreign exchange, money markets, metals, soft, and other commodities. OpenLink's global client base includes 120+ clients such as Austin Energy, APC Austrian Power Vertriebs GmbH, Bank of America, Bridgeline Holdings, BKW FMB Energie AG, Calyon, Coral Energy, Citigroup Global Market, Inc., D-Energia Kft., Deutsche Bank, ECO Securities Group PLC, Enbridge, HESS Corporation, Kansas City Power & Light Company, Nexen, NEW Energie GmbH, Shell, Statoil, and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Vienna, Sydney, and São Paulo, OpenLink employs more than 560 professionals worldwide.
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