Open Link Financial, Inc. (OpenLink), the leading provider of cross-asset trading, risk-management and operations processing software, announced today that it is positioned in the Leaders Quadrant in the Gartner Magic Quadrant for Energy Trading and Risk Management (ETRM), published on March 18, 2011, by analysts Keith Harrison and David Furlonger.
âWe are pleased to be recognized as âLeaderâ based on Ability to Execute and Completeness of Vision,â stated Kevin Hesselbirg, OpenLinkâs CEO. Mr. Hesselbirg went on to add, âIn conjunction with our consulting and support services staff, our clients executed upon more than 250 go-live events during 2010 in the form of initial implementations, upgrades, and deployments of new modules or traded markets. Clientsâ satisfaction with OpenLink was noted by the addition of 40 new clients, representing more than 2,000 new users to our C/ETRM platform and contributing to our more than 15% revenue growth. These new users to the OpenLink community further contributed to the largest market share in the industry and allowed us to pass a significant milestone of more than 20,000 worldwide users of our solutions.â
Dr. Wolfgang Ferse, EVP, Commodities & Energy Solutions, noted, âWe believe being acknowledged in the Leaders Quadrant is a compliment to our sophisticated pioneering clients and our talented and innovative development and implementation teams who work in unison to meet the challenging requirements of the markets we serve and continue to drive our strategic product development roadmap. Gartnerâs comprehensive analysis illustrates the constantly evolving C/ETRM landscape and the commitment of the vendors who strive to achieve excellence.â
The Gartner Magic Quadrant positions vendors within a particular market segment based on their completeness of vision and their ability to execute on that vision. In the latest Magic Quadrant, the analysts evaluated 15 ETRM platform providers.
According to Gartner, vendors in the Leaders Quadrant have âapplications 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.â