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Commodities Now Cites OpenLink for ‘Excellence in Commodity Logistics’
New York (PRWEB) January 08, 2013
OpenLink, the global leader in Transaction Lifecycle Management software, has won the 2012 Award for Excellence in Commodity Logistics from Commodities Now magazine. The magazine’s readers, industry participants, and the awards judges voted for OpenLink as the leader in the category. OpenLink’s solutions provide market participants with superior capabilities to manage physical bulk commodities and related logistics for power, gas, and bulk commodities.
Guy Isherwood, Editor of Commodities Now, commented, “Increasingly, clients require sophisticated decision support solutions when making time-sensitive, critical decisions for both the physical and financial aspects of their businesses. OpenLink impressed the judges with their offering for grid, pipeline and bulk scheduling, as well as their extensive capabilities which model risk simulations for physical scenarios using energy scenario management. We applaud OpenLink’s dedication to excellence, as this type of data is now a critical requirement for market participants, especially as the commodity trading and risk management landscape becomes more complex.”
Dr. Mark Greene, OpenLink CEO, said, “We are honored to have received recognition from Commodities Now, a prestigious industry publication. This award really goes to our clients, who drive our technology roadmap with their pioneering, sophisticated businesses. Their competitive advantage validates the focus we put on resources to stay market leading.”
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Notes to the Editor
Founded in 1992, OpenLink (http://www.openlink.com) is the global leader in transaction lifecycle management solutions for the commodity, energy and financial services industries. OpenLink’s products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk Magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.
About the Commodity Business Awards
The Commodity Business Awards are adjudicated by Commodities Now magazine and numerous market specialists.
The Commodity Business Awards: A two-stage process
Stage 1: This first stage was for nominations and concluded in September 2012. Companies from throughout the commodity complex were invited to nominate themselves or others in any one of the 20 categories of excellence.
Stage 2: The second stage took place during October 2012 and involved voting at the dedicated Commodity Business Awards website for one of the shortlisted nominees from each category drawn up by the awards panel.
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