OpenLink Financial has completed its acquisition of CubeLogic, the risk management solution provider.
OpenLink is integrating CubeLogics off-the-shelf adaptors with its own energy, capital markets and commercial and industrial sector solutions. The adaptors are expected to reduce time to market for a range of business intelligence-based solutions, including credit scoring, credit risk and collateral management, cross-product position and market risk reporting, trade flow analysis and treasury reporting.
This acquisition is part of an initiative by OpenLink to enter the business intelligence market in order to help clients integrate, aggregate, analyze and report on key corporate data.
Our consistent goal is to expand our footprint and bring world-class solutions to our sophisticated clients, says OpenLink CEO Kevin Hesselbirg. CubeLogics 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.
David Priestley, founder of CubeLogic, adds: Completion of this deal confirms our technological and functional lead over the competition. Double digit growth in the business intelligence market combined with OpenLinks premier market positions us well for the future.
(CG)