Openlink Financial announced that ION Investment Group has entered into a definitive agreement to acquire the company from Hellman & Friedman. The transaction is subject to customary approvals. OpenLink is a provider of trading and risk management solutions for the energy, commodities and financial services industries.
Andrea Pignataro, ION’s CEO, said: “Openlink’s solutions and expertise are highly complementary to ION’s business. This acquisition will expand ION’s footprint in energy and financial services. We look forward to partnering with Rich Grossi and his team, and contributing to the firm’s growth and development.”