More NewsOpenLink Acquires dbc SMARTsoftware

OpenLink Acquires dbc SMARTsoftware

Business Wire Open Link Financial (OpenLink), a provider of cross-asset trading, risk management and operations processing software solutions, has acquired dbc SMARTsoftware, a provider of software solutions for the agricultural, biofuel and soft commodity industries.

dbc develops and markets SMARTsoft, a software solution suite for producers, processors, manufacturers and traders who buy, sell, hedge, warehouse, merchandise, export, and transform commodities into value-added products and by-products for distribution. The company provides solutions that help manage exposure to commodity price and currency fluctuations while providing a portfolio of components to manage the complete value chain of agricultural-based products, chemicals, softs and fuels.

Kevin Hesselbirg, chief executive officer (CEO) of OpenLink, said: “dbc has established itself as a leader in the agricultural and soft commodity field by offering rich and high quality solutions to their clients. They fit well into our strategy of acquiring exemplar solutions companies to augment our existing business and extend our reach and solution set. dbc is an excellent complement to our current offerings; we will continue to invest in this sector and be responsive to the dynamic requirements of the industry.”

Maurice Boughton, founder and president of dbc, will continue to manage the business, which will operate as SMARTsoft, an OpenLink company.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi