Uniper Buys in Trading Management System
Germany's Uniper has signed a five-year strategic partnership agreement with trading and risk management software provider OpenLink, the two companies said March 22, without disclosing the commercial terms.
OpenLink had such an agreement with E.ON until the demerger at the start of the year and the contract has now been extended with Uniper, which is where the global commodities trading team is now housed. Uniper told NGE the software would strengthen, not replace, its trading teams' activities.
Uniper's information technology landscape has "inherited a variety of legacy trading and risk management solutions spread across multiple geographies and commodities. OpenLink will help Uniper drive the modernisation of their trading application landscape, reducing siloes, decrease running costs, and invest in new technologies," they said.
"As the energy landscape changes and renewables gather pace, the most intelligent and efficient players in the traditional energy commodities will have a competitive advantage. We're delighted to agree a partnership with OpenLink that gives us a single strategic technology platform to achieve this," said Uniper's CIO Damian Bunyan.