Zurich Capital Markets Licenses OpenLink's Energy and Financial Solutions and Enters into Long-term Co-development Agreement
LONDON, UK, February 6, 2002. OpenLink, an industry leader in financial and energy trading and risk management software solutions, today announced that it has licensed current versions of Endur(TM) and Findur(TM) to Zurich Capital Markets (ZCM), and simultaneously entered into a two year co-development agreement with ZCM covering future Findur system enhancements.
"After a comprehensive search that began with a list of 150 applications,
ZCM selected OpenLink's cross-market platform as the most capable of meeting current business needs and supporting global growth plans for the future," said Paul Verschuer, Managing Director at Zurich Capital Markets."OpenLink has the ability and commitment to work with us to further develop the future functionality that will be needed to handle our growing businesses."
"Together, OpenLink and Zurich Capital Markets will dedicate a significant
amount of time over the next 24 months to extend Findur's already impressive functionality, " said Jean-Claude Riss, managing director of OpenLink International. "Since Zurich Capital Markets is a relatively young company, they have the rare opportunity to define all workflows and processes without any significant legacy requirements. This will enable ZCM to fully leverage all of our system's current functionality and comprehensive market coverage, while we benefit by transforming their business expertise into future OpenLink system enhancements."