Boston, MA, Feb. 2, 2006 — TA Associates, a private equity and buyout firm, announced it has completed a $100 million recapitalization of OpenLink Financial Inc., a developer of integrated software solutions for the global financial and energy markets.
Founded in 1992, OpenLink provides straight through processing (STP), trading and risk management software to financial and energy trading firms. The company serves many investment/commercial banks, central banks, energy marketers, public utilities and commercial companies. OpenLink’s primary products, Endur for energy/commodity markets and Findur for financial markets, provide fully integrated, front-through back-office solutions.
Endur serves markets in electricity, natural gas and natural gas liquids, crude oil and refined products, precious and base metals, coal, weather derivatives, emissions, bandwidth, soft commodities and foreign exchange.
Findur serves markets in interest rate derivatives, credit derivatives, capital markets, foreign exchange and money markets, asset/liability management, metals and commodities. Headquartered in Long Island, New York, OpenLink has offices in Berlin, Houston, London, New York City, Sao Paulo and Sydney.
Goodwin Procter LLP served as legal counsel for TA Associates. Morgan Lewis provided legal counsel to OpenLink.