With CubeLogic modules, OpenLink will be able to offer a solution that will extract from existing financial data sources, operational systems and other trading platforms, including OpenLink's software solutions, to allow risk officers to analyze risk across the entire corporate structure.

This acquisition marks a strategic initiative by OpenLink to enhance its credit risk capabilities and to broaden the risk solution offerings beyond those found in its current suite of transaction and portfolio management solutions. CubeLogic offers a flexible, self-service environment for event-based, ad hoc, and intraday reporting and a detailed reference data capture system.

Kevin Hesselbirg, OpenLink CEO, said, "The growth seen in the commodity markets over the past 10 years has been significant with record returns and volatility. As organizations have positions that become profitable, their counterparty exposure increases. We are excited that CubeLogic's domain experts and software modules allow us to extend our already formidable credit risk abilities across our customers' multiple legacy platforms, creating one aggregated view."

David Priestley, Founder of CubeLogic, echoed Mr. Hesselbirg's comment, "What we've built is the next generation in credit risk management. With OpenLink, we have access to the largest installed client base in the industry and a world class global support network."

The transaction is expected to be completed during OpenLink's fiscal third quarter, and is subject to customary closing conditions.