OpenLink completes CubeLogic acquisition
Posted: 28 August 2012
OpenLink Financial, a leading provider of cross-asset trading, risk management and operations software solutions, is pleased to announce CubeLogic Limited (CubeLogic) is now a wholly owned subsidiary of OpenLink International Limited.
The company plans to showcase the CubeLogic range of business intelligence solutions at its user conference in Montreal, October 16th-19th, 2012. Customers will see how CubeLogic's set of off-the-shelf adaptors will link to OpenLink's family of solutions for the energy, capital markets, and commercial and industrial sectors. These adaptors, combined with published standards for extracting information from third party systems, will dramatically reduce time to market for a range of business intelligence-based solutions including:
- Credit Scoring (for analysis of counterparty financials)
- Credit Risk and Collateral Management
- Cross Product Position and Market Risk Reporting
- Trade Flow Analysis (for analysis of global shipping data)
- Treasury Reporting (for enhanced cash flow management)
This acquisition marks a strategic initiative by OpenLink to enter the burgeoning market for business intelligence based application solutions that help customers integrate, aggregate, analyze and report on key corporate data.
Kevin Hesselbirg, OpenLink CEO, said, "Our consistent goal is to expand our footprint and bring world-class solutions to our sophisticated clients. CubeLogic's team is already working with a number of our customers who require advanced business intelligence, providing them with quantifiable, proven benefits to their operations. Our global sales and support network will help CubeLogic bring their world-class solutions to the broadest possible market."
David Priestley, Founder of CubeLogic, commented, "Completion of this deal confirms our technological and functional lead over the competition. Double digit growth in the business intelligence market combined with OpenLink's premier market positions us well for the future"