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Petrobras Selects OpenLink's Endur for its Crude Oil and Refined Products Business

Open Link Financial, Inc. ("OpenLink")a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that Petrobras, one of the largest integrated energy companies in the world has selected OpenLink's Endur and cMotion solution sets to operate its crude oil and refined products business in Rio de Janeiro, London, Houston and Singapore.

Brazil's Petrobras, which owns and operates oil exploration, production, marketing and transportation, both in Brazil and abroad will utilize Endur in support of its Oil and Refined Product trading business lines and will deploy OpenLink's ground breaking cMotion suite for their crude oil logistics and refined products business lines.

"Petrobras undertook a comprehensive review of the market, including all incumbent software providers, and we are delighted with their decision to deploy Endur to manage their oil and natural gas business. Designed and developed to achieve straight-through-processing within a single framework, we are proud that Endur, combined with our cMotion logistics suites, was chosen again by one of the world's leading energy companies. This is another strong endorsement of OpenLink's cutting edge capabilities and our continued investment in development and product innovation in the crude oil sector and our presence in South America", said Kevin Hesselbirg, CEO of OpenLink.