OpenLink acquires Austrian-based energy solution provider

New York, NY, Jan. 16, 2007 — OpenLink, a provider of cross asset trading, risk management and operations processing software solutions, announced the purchase of IRM, an Austrian-based energy solution provider focused on energy asset optimizing and strategic planning.

IRM was founded in 1998 and has established itself as an energy solution provider in Europe with more than 40 references in 16 countries, and 70 employees. IRM’s solution portfolio includes structured procurement management (forecast, energy disposition, and asset management), optimization, and investment analysis and planning.

IRM extends OpenLink’s portfolio of products, said the company, and they hope IRM will strengthen domain expertise in the physical energy arena. IRM’s products have been used in continental and Eastern Europe. In particular, IRM offers the following solutions: Forecast System “iOPT_PRO” (statistical forecast of consumption, prices, hydro inflow, etc.), optimization system “iOPT_OPT” (MILP optimizer for portfolios, networks of storage, generation and consumption as well as transport paths), physical asset management system “iOPT_TRADE”, and strategic planning system “iPLAN”. These solutions, combined with OpenLink’s Endur, will become the most robust end-to-end energy solutions for cross-energy firms and utilities, especially in the power (fossil and hydro), gas, and oil markets.

IRM will remain in Vienna and continue to operate as an independent company with an entrepreneurial approach. OpenLink will also invest in IRM’s development group, focusing on further improving, expanding and integrating the capabilities of IRM’s products into the Endur suite.

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