OpenLink and Logica Alignment Results in NETA Compliancy; Endur(TM) Solution Set Supports Clients Trading Under New Arrangements

Apr 10, 2001, 01:00 ET from OpenLink

    LONDON, April 10 /PRNewswire/ -- OpenLink (www.olf.com), an industry
 leader in energy and financial trading and risk management software solutions,
 today announced that its Endur energy solution set is compliant with the
 recently implemented New Electricity Trading Arrangements (NETA) in the United
 Kingdom.  Working with alliance partner Logica, enhancements were completed
 prior to NETA's live date enabling clients to trade within the UK wholesale
 electricity market.
     "We have been tracking the progress of the NETA implementation since the
 beginning and have worked closely with Logica to ensure that our current and
 future users would be able to capitalize on the opportunities presented under
 this new structure," said Jean-Claude Riss, Managing Director of OpenLink's
 European Operations.  "Scottish Power and another major UK generator have both
 recently licensed Endur to assist them with their trading activities within
 this revamped wholesale market."
     OpenLink's Endur helps manage energy trading functions and operational
 risk, providing users with real-time decision-making, configurability,
 flexibility, and scalability.  Besides addressing the challenges of changing
 core energy markets, Endur easily provides trading and risk management support
 for a wide range of markets, such as coal, soft commodities, metals, currency,
 interest rates, emissions, weather derivatives, and bandwidth.
 
     About OpenLink
     Founded in 1992, OpenLink has emerged as a leading developer of energy and
 financial trading and risk management software solutions with broad market
 functionality.  The company's global client base includes Bank for
 International Settlements, Barclays Capital, Coral Energy, Credit Lyonnais
 Rouse, Deutsche Bank, Dynegy Inc., Equiva Services LLC, Gaz de France, JP
 Morgan Chase, KeyBank, Manulife Investment, ExxonMobil Gas, Nabisco, Nexen,
 PanCanadian Petroleum, RWE Energie, and Texaco.  Headquartered in New York,
 OpenLink employs more than 180 professionals worldwide and has offices in New
 York, London and Houston.
 
     About Logica
     Logica is a leading global solutions company providing IT consultancy,
 systems integration, products, services and support.  Logica's clients operate
 across diverse markets, including telecoms, financial services, energy and
 utilities, industry, distribution and transport, and the public sector.
 Founded in 1969, Logica has over 10,000 staff in 274 countries worldwide and
 is listed on the London Stock Exchange where it is part of the FTSE100 index
 of the largest UK listed companies.
 
      Editorial Contacts:
      Justin Wilson                      John Norris
      OpenLink                           Moonlight Media
      516-227-6600 ext. 308              44 (0) 207 250 4770
      jwilson@olf.com                    john@moonlightmedia.co.uk
 
 

SOURCE OpenLink
    LONDON, April 10 /PRNewswire/ -- OpenLink (www.olf.com), an industry
 leader in energy and financial trading and risk management software solutions,
 today announced that its Endur energy solution set is compliant with the
 recently implemented New Electricity Trading Arrangements (NETA) in the United
 Kingdom.  Working with alliance partner Logica, enhancements were completed
 prior to NETA's live date enabling clients to trade within the UK wholesale
 electricity market.
     "We have been tracking the progress of the NETA implementation since the
 beginning and have worked closely with Logica to ensure that our current and
 future users would be able to capitalize on the opportunities presented under
 this new structure," said Jean-Claude Riss, Managing Director of OpenLink's
 European Operations.  "Scottish Power and another major UK generator have both
 recently licensed Endur to assist them with their trading activities within
 this revamped wholesale market."
     OpenLink's Endur helps manage energy trading functions and operational
 risk, providing users with real-time decision-making, configurability,
 flexibility, and scalability.  Besides addressing the challenges of changing
 core energy markets, Endur easily provides trading and risk management support
 for a wide range of markets, such as coal, soft commodities, metals, currency,
 interest rates, emissions, weather derivatives, and bandwidth.
 
     About OpenLink
     Founded in 1992, OpenLink has emerged as a leading developer of energy and
 financial trading and risk management software solutions with broad market
 functionality.  The company's global client base includes Bank for
 International Settlements, Barclays Capital, Coral Energy, Credit Lyonnais
 Rouse, Deutsche Bank, Dynegy Inc., Equiva Services LLC, Gaz de France, JP
 Morgan Chase, KeyBank, Manulife Investment, ExxonMobil Gas, Nabisco, Nexen,
 PanCanadian Petroleum, RWE Energie, and Texaco.  Headquartered in New York,
 OpenLink employs more than 180 professionals worldwide and has offices in New
 York, London and Houston.
 
     About Logica
     Logica is a leading global solutions company providing IT consultancy,
 systems integration, products, services and support.  Logica's clients operate
 across diverse markets, including telecoms, financial services, energy and
 utilities, industry, distribution and transport, and the public sector.
 Founded in 1969, Logica has over 10,000 staff in 274 countries worldwide and
 is listed on the London Stock Exchange where it is part of the FTSE100 index
 of the largest UK listed companies.
 
      Editorial Contacts:
      Justin Wilson                      John Norris
      OpenLink                           Moonlight Media
      516-227-6600 ext. 308              44 (0) 207 250 4770
      jwilson@olf.com                    john@moonlightmedia.co.uk
 
 SOURCE  OpenLink