OpenLink acquire CubeLogic 23 August 2012New York Reporter: Jenna Jones
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Technology solutions company, OpenLink, has announced the completed acquisition of CubeLogic. OpenLink plans to showcase the new CubeLogic range of business solutions later this year at its user conference in Montreal.
CubeLogic specialises in trading and risk management for the energy and investment banking sectors, with clients that include Mercuria, Centrica and EoN. Customers at the Montreal user conference will get to 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.
“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,” said, OpenLink, CEO Kevin Hesselbirg.
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”
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