Open Link Financial, Inc. ("OpenLink"), a leading provider of cross-asset trading, risk management and operations processing software was designated Market Leader in ETRM software solutions by Gartner Research in their recently completed "Magic Quadrant for Energy Trading and Risk Management." OpenLink was dominant in the "Visionaries" component and excelled in "Ability to Execute" dimension.
Gartner's Magic Quadrants position vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. To derive the Magic Quadrant, Gartner evaluated 13 of the world's leading ETRM platform providers.
"Gartner's well respected research approach validates the collective efforts of our product managers, development teams, our clients and stakeholders who transform market requirements, emerging trends, and strategies into viable solutions," stated Kevin Hesselbirg, CEO at OpenLink. "We continually strive to improve our capabilities through the conversion of 'vision' into delivered solutions, to fulfill our clients' increasingly complex and evolving market needs. The collaborative approach of merging our innovation, with requirements from the largest and most well respected clientele in the Energy industry, continues to fuel our growth and place OpenLink ahead of the competition in the markets we serve."
According to Gartner, vendors in the Leaders' quadrant have "applications that cover all the core ETRM platform requirements for all traded commodities within energy markets, extending coverage in key areas, such as market and credit risk management, logistics or portfolio / asset optimization. These vendors have true global coverage, providing solutions to all major energy markets. In addition, these vendors demonstrate established relationships with complementary product and service providers in all regions, a well- defined corporate and marketing strategy and strong financial viability."