23 October 2016
Find out more

Sapient Global Markets and OpenLink form alliance

14 May 2014  |  3311 views  |  0 Source: Sapient Global Markets

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." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit dh.com

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
35284 views comments | 124 tweets | 229 linkedin
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSCNew EU rules could cost UK firms £122...
10860 views comments | 31 tweets | 37 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8522 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7049 views comments | 29 tweets | 22 linkedin
Indian banks hit by massive ATM breachIndian banks hit by massive ATM breach
6738 views comments | 16 tweets | 25 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job