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OpenLink Recognized as a Leader in the Magic Quadrant for ETRM Market by Leading Analyst Firm
OpenLink's evaluation based on "Ability to Execute" and "Completeness of Vision"
New York - March 29, 2010 - Business Wire - OpenLink Financial, LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software was positioned as a Leader in "Magic Quadrant for Energy Trading and Risk Management" published March 24, 2010 by Keith Harrison and David Furlonger of Gartner, Inc.
Gartner's Magic Quadrants position vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. To derive the Magic Quadrant, Gartner evaluated 13 leading ETRM platform providers.
"We believe Gartner's well respected research approach recognizes the collective efforts of our product managers, development teams, our clients and stakeholders who transform market requirements, emerging trends, and strategies into viable solutions," stated Kevin Hesselbirg, CEO at OpenLink. "We continually strive to improve our capabilities through the conversion of vision into delivered solutions, to fulfill our clients' increasingly complex and evolving market needs. The collaborative approach of merging our innovation, with requirements from the largest and most well respected clientele in the Energy industry, continues to fuel our growth and place OpenLink ahead of the competition in the markets we serve."
According to Gartner, vendors in the Leaders quadrant have "applications that cover all the core ETRM platform requirements for all traded commodities within energy markets, extending coverage in key areas, such as market and credit risk management, logistics or portfolio / asset optimization. These vendors have true global coverage, providing solutions to all major energy markets. In addition, these vendors demonstrate established relationships with complementary product and service providers in all regions, a well-defined corporate and marketing strategy and strong financial viability."
About The Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor; product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
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