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May 14 2014

Sapient Global Markets and OpenLink extend strategic alliance to enhance joint project delivery

 

May 14, 2014 — Boston and New York, USA 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.”

 

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About Sapient Global Markets:

Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading provider of services to today’s evolving financial and commodity markets. We provide a full range of capabilities to help our clients grow and enhance their businesses, create robust and transparent infrastructure, manage operating costs, and foster innovation throughout their organizations. We offer services across Advisory, Analytics, Technology, and Process, as well as unique methodologies in program management, technology development, and process outsourcing. Sapient Global Markets operates in key financial and commodity centers worldwide, including Boston, Calgary, Chicago, Dusseldorf, Frankfurt, Houston, London, Los Angeles, Milan, New York, Singapore, Washington D.C. and Zurich, as well as in large technology development and operations outsourcing centers in Bangalore, Delhi, and Noida, India. For more information, visit www.sapientglobalmarkets.com.

 

About OpenLink

Founded in 1992, OpenLink (www.olf.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.

Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.

OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.

 

OpenLink Media Contact:

Leonie Alsop - SVP, Global Head of Marketing

Leonie.alsop@openlink.com

Mobile: +44 (0)779581 5083

 

Safe Harbor Statement

This press release contains forward-looking statements — in particular, those related to the development of software and related services and potential sales to clients — that involve a number of risks and uncertainties. All forward looking statements are based upon current expectations and beliefs and various assumptions. Actual results could differ materially from management's expectations and the forward-looking statements contained in this release. A number of factors could cause actual events to differ materially from those indicated, including, without limitation: a reduction in the demand for the company's services in light of the current or future economic environment; the company's ability to accurately set fees for and complete projects on a timely basis; the acceptance of the company's services; changes in Federal government spending priorities, and other risks and uncertainties as set forth in the company's filings with the SEC, including without limitation the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements for any reason, including to reflect events or circumstances after the date on which such statements are made or to reflect the occurrence of anticipated or unanticipated events or circumstances, except as required by law.

 

Sapient is a registered service mark of Sapient Corporation.

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