Sydney, Australia, July 5, 2005 OpenLink, a leading energy and financial trading and risk management software solutions provider, today announced the relocation of its Sydney office to a larger location in the heart of the business district. The continued expansion of our local customer base, and corresponding increase in the number of employees resulted in the need for more space.
In the fourth quarter of 2003, the Sydney operations opened its doors to the Asia-Pacific Region to better serve their clients in the trading and risk management arena. In less than two years, we have witnessed a significant increase in demand in this region. This move confirms our commitment to this market place and will give us the edge needed to stay ahead and to keep abreast of the challenges posed by our competitors.
Jean-Claude Riss, managing director of OpenLink International, comments, "We always commit to a region for the long term, and this move marks the next step in our regional development plan. Our existing client base and rapid staff growth mean that we have outgrown our current premises; furthermore, we intend to grow our staff significantly over the next two years, and the new office will accommodate the anticipated growth in numbers."
"As other technology companies continue to offshore their development efforts, we have assessed our options and are taking a different approach, one that adds jobs locally, while we serve clients globally," adds Coleman Fung, founder and CEO of OpenLink.