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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.