Sapient Global Markets, a division of Sapient (NASDAQ: SAPE), and leading global provider of business technology and consulting services for the capital and commodity markets, and OpenLink, a leading provider of software for the commodity and energy industries, today announced an extension to their alliance, enhancing the development and delivery of OpenLink solutions.
The two organizations have a long-standing history of delivering timely and successful OpenLink implementation and upgrade projects for energy and utility firms encompassing portfolio management, trading, risk management, and processing for financial and physical assets. Sapient Global Markets’ deep knowledge of the commodity and energy markets has enabled it to integrate OpenLink solutions into complex environments to address an array of operational and regulatory requirements.
Today’s announcement formalizes a closer collaboration, combining OpenLink’s market-leading technology with Sapient Global Markets’ business and technology consulting expertise. It establishes a single integration team for clients comprising experts from both firms, ensuring a consistent delivery methodology for implementation and upgrade projects. This supports the efficient integration of OpenLink into existing environments, helping to reduce project complexity and delivering a compelling total cost of ownership (TCO).
OpenLink will provide enhanced access to product roadmaps and product training, while Sapient Global Markets will create a Center of Excellence focused on global service delivery for OpenLink’s energy and commodities solutions.
Chip Register, managing director of Sapient Global Markets, said: “We have established a highly successful relationship with OpenLink that is delivering significant, transformational projects to firms. With this new agreement we have the opportunity to extend that experience and expertise, supporting energy and commodity firms during a period of substantial and ongoing change.”
“Commodity and energy trading firms are facing a number of key challenges in today’s marketplace including decreasing profit margins and regulation, which means that organizations need more robust risk management functions for governance and compliance,” said Dr. Mark Greene, CEO, OpenLink. “We are excited about this agreement with Sapient and remain committed to evolving our offerings by developing strategic partnerships that can help our clients succeed in these increasingly competitive industries.”