Houston, TX, May 1, 2003. OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that Bridgeline Holdings, L.P. and its subsidiaries â an intrastate natural gas pipeline, storage, and marketing company â has licensed Endur and gMotion to manage its physical and financial natural gas transactions.
"After reviewing OpenLinkâs Endur and their new integrated scheduling product gMotion, we were impressed with the solutionâs ability to cover our transaction management requirements, including deal capture, risk management, nominations, confirmations, settlements, and volume management," said Hugh H. Connett, president of Bridgeline. "Besides streamlining our current IT infrastructure, Endur will be a valuable tool for us as we expand our marketing, storage, and transportation capabilities."
Recently announced, gMotion is a robust scheduling application that completes the Endur software solutionâs coverage of the entire lifecycle of physical natural gas transactions. This new product has been developed with the input of todayâs energy market leaders, combining their best practices and industry expertise with OpenLinkâs advanced technical architecture and talented software engineers. The result is the first fully integrated application that addresses the industryâs long-standing functionality wish list.
"This partnership with Bridgeline is a key milestone for OpenLink. It marks our entry into the pipeline operations sector of the North American energy market, and is proof that gMotion is already winning the battle against many legacy scheduling systems," said Matthew Frye, managing director of OpenLinkâs Houston division. "We are now able to offer energy companies â and asset-based organizations, in particular â the first and only straight-through-processing natural gas solution that covers it all: deal capture, risk management, scheduling, operations, and accounting."
OpenLinkâs recent release of gMotion for natural gas logistics and pMotion for power logistics reinforces the companyâs commitment to delivering leading-edge front- to back-office software to the evolving North American energy markets.
"Despite the recent market challenges, we continue to invest in our energy business innovations, especially in the scheduling arena, which is a market populated with orphaned and distressed systems," added Coleman Fung, OpenLinkâs founder and CEO. "Providing robust solutions and giving energy firms a real option for their technology needs highlight our commitment to our clients and the energy market."