UNIONDALE, N.Y.--(BUSINESS WIRE)--OpenLink, a leading provider of cross-asset trading, risk management and operations processing software is the leading provider of ETRM software solutions by end-users and trading houses in the recently completed survey by Energy Risk Magazine (www.energyrisk.com). In the 2009 Software Rankings, OpenLink was ranked the number one vendor in 7 of 16 total categories, and for the second consecutive year, was the only vendor named among the top 3 in each of the 16 ETRM categories. OpenLink was categorized as the number one solution that industry end-users chose to work with during their careers and that respondents said was their favorite software to use. Additionally, the company is a repeat winner in 4 categories, including ‘Best Knowledge of the Market’ and ‘Best Customer Service.’

The Energy Risk survey assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools. The 2009 survey also focused on assessing solution attributes such as adaptability to new markets and products, increased physical functionality, advances in analytics, degree of commodity coverage, and real-time functionality.

OpenLink was ranked as the #1 ETRM Vendor in ‘Portfolio Management’, ‘Trade Confirmation’, ‘Straight Through Processing’, ’Integrated Trading and Risk’, Physical and Financial Integration’, and ‘Customer/Support Services.’ OpenLink also placed number one among the surveyed respondents when asked to rank the ‘Best Knowledge of the Market in which the Software Operates.’

Kevin Hesselbirg, OpenLink’s CEO commented, “We are very pleased that Energy Risk readers and our clients have once again ranked OpenLink as the industry leader, while simultaneously designating our solutions as the most preferred across the wide array of categories applicable to the energy trading and risk management community. It is extremely gratifying to our organization that OpenLink’s vision of providing a true cross asset, straight through processing, and portfolio management solution for energy market participants continues to be realized and recognized by our customers. We also understand that today’s volatile environment emphasizes the need to continuously improve and build upon our platform to meet the ever changing demands to deliver a cost effective, scalable, integrated, credit, risk, and portfolio management solution. We are determined to continue to lead the industry in product investment and innovation; such that our solutions maintain their top ranking, and current and future users continue to benefit from our software through profitable management of their energy and commodities businesses.”

About OpenLink

Founded in 1992, OpenLink is a leading developer of cross-asset trading, risk management, and related operational and portfolio management software. OpenLink’s diverse client base of over 130 customers worldwide includes 10 of the top 25 largest energy companies by market capitalization, eight of the largest financial institutions and seven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore, OpenLink has more than 700 employees worldwide.

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