OpenLink Appoints John E. O’Malley as Chief Executive Officer
OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, has today announced John O’Malley’s appointment as CEO, effective immediately. Mr. O’Malley takes over from Mark Greene who announced his intention to retire earlier this year. Mr. Greene will continue to serve on the OpenLink Board as an independent director.
Mr. O’Malley has successfully led several technology and private equity backed portfolio companies from start-up to maturity in growth markets. Most recently, Mr. O’Malley was an Operating Partner for Thoma Bravo after being hired as CEO of Digital Insight, a portfolio company that was acquired by NCR. Previously, he has held the role of CEO at Panini, a global provider of payment technology; Memento, a leader in enterprise fraud detection software; and Harland Financial Solutions, which under his leadership grew from a small subsidiary to one of the leading providers of financial technology in North America in just nine years.
A programmer by training, Mr. O’Malley has deep experience in technology, software product management and professional services. Mr. O’Malley has previously led global financial services and technology companies in treasury, capital markets, retail banking, payment processing, global finance and guidance systems in companies such as Fiserv, Hogan Systems, Lockheed Martin and J.H. Harland and Company.
David Tunnell, Chairman of OpenLink Board of Directors and a Managing Director at Hellman & Friedman said: “Under Mark Greene, OpenLink maintained its leading position in energy and commodities, diversified into adjacent markets, and deepened its reach into the corporate and financial services industries. With more than 30 years of financial technology and software experience and a track record of transformational success, we are delighted to have John lead the next phase of growth for OpenLink.”
John O’Malley, CEO, OpenLink, added: “I am extremely excited to have joined OpenLink, and looking forward to capitalizing on a number of initiatives and investments that are already in place. OpenLink is evolving. We are serving new and existing segments, with quicker time to value, industry best practice and packaged solutions, world-class quality software, robust partnership networks and deeper relationships with our clients. Backed by Hellman & Friedman we look forward to growing our leadership position and further leveraging our resources to fuel the future of the industries we serve.”
Mr. O’Malley has served as an advisor to Stanford University and currently serves on the boards of TravelClick and iPipeline. He has also been a board member at D&H, Netzee, and the Alcoholism Council of New York, a non-profit organization.
Founded in 1992, OpenLink (www.openlink.com ) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 13 of the largest central banks. OpenLink has 1,200 employees in 14 global offices on five continents, with headquarters outside New York City and field offices in Houston, Manhattan, London, Berlin, Vienna, Toronto, Tulsa, São Paulo, Mexico City, Bangalore, Singapore, Dubai and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader in Commodity/Energy Trading and Risk Management (C/ETRM) systems, and first-in-class ranking by Energy Risk magazine, with analyst firms Gartner and Chartis citing OpenLink as a leader in Financial platforms.
About Hellman & Friedman
Hellman & Friedman is a leading private equity investment firm with offices in San Francisco, New York, and London. Since its founding in 1984, H&F has raised over $35 billion of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including software, financial services, internet & media, business & information services, healthcare, energy & industrials and retail & consumer. For more information on Hellman & Friedman, please visit www.hf.com .
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