Mr. Jean-Claude Riss, who is responsible for OpenLink International sales operations, will oversee the Singapore office. Support for Asia-based clients will be handled by an OpenLink team of seasoned consultants with a combined total of more than 50 years experience in Asia's financial and energy markets.

"The Singapore Economic Development Board (EDB) is pleased that OpenLink has decided to set up its Asian headquarters in Singapore, leveraging on our established financial services and energy industries for its expansion. We believe that Singapore's pro- business environment, extensive global connectivity and skilled talent base will help support the growth of software companies like OpenLink, looking to expand into the markets of Asia," said Ms. Linda Sein, Executive Director, Infocomms and Media for the Singapore EDB.

The opening of this office reflects OpenLink's view that there is a need for its solutions for companies trading in the Asian Pacific American Coalition (APAC) region despite current market conditions and a global recessionary environment. A survey of banking chief information officers (CIOs) and senior IT decision makers in APAC by the research firm, Financial Insights, found that 69% of CIOs expect to increase investments in technology in 2009. This further supports OpenLink's view that Singapore will continue to be a major financial and energy trading center in the future.

"The opening of this office is another major milestone in our growth and will help us better serve our top global clients who operate out of Asia and Singapore in particular. Singapore, with its pro-business environment and infrastructure, offers compelling advantages for our business expansion needs, and, as one of the leading financial and oil trading centers in Asia and the world, will present us with new business opportunities," said Mr. Jean-Claude Riss, Managing Director, OpenLink International.

"We are operating in a dynamic and globalized world where the consequences of failing to mitigate risks can have far-reaching, worldwide effects. In light of recent events, we are very pleased with the regional demand we've seen thus far for our energy and financial cross-asset trading and risk management solutions and look forward to deepening our customer relationships in Asia in the years to come," said Mr. Kevin Hesselbirg, Chief Executive Officer, Open Link Financial. "Asia, home to a number of the world's largest and fastest-growing economies, offers OpenLink exciting opportunities as governments and businesses heed recent calls for stricter regulatory and management controls. We look forward to working closely with our stakeholders in Asia to help them build systems and safeguards with the scalability and flexibility to respond to the challenging market conditions they will continue to face," added Mr. Hesselbirg.