Openlink announces deal with international energy company Uniper
London – Openlink, the global provider of trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, has announced a deal with the international energy company, Uniper based in Germany, to move its extensive energy trading and risk management (ETRM) systems into the Cloud. This marks the first fully public Cloud ETRM implementation for a company of Uniper’s size and prestige.
The 700-user deal will include two applications of Openlink’s system, covering front-to-back office trading and risk management support across Uniper’s asset classes including oil, gas, LNG and power.
Uniper has one of the world’s largest and most extensive energy trading portfolios, both to supply its broad fleet of generation assets and for proprietary trading purposes. Uniper’s goal is to migrate from its current hosting facility into a future ready, fully scalable and cost effective Cloud offering from Openlink.
As is typical for a utility of Uniper’s size, the existing system included highly customised physical and virtual components and bespoke user interfaces.
“There are a lot of challenges in recreating highly customised software ecosystems completely in the public Cloud,” says Rich Grossi, CEO at Openlink. “However, we’ve built a robust Cloud environment at Openlink and we’re confident it is up to the task. The fact that Uniper agrees is testament to the power of our Cloud offering.”