SolArc acquired by OpenLink
Deal Synopsis
SolArc was acquired by Open Link Financial via its financial sponsor Hellman & Friedman, through a leveraged buyout (LBO) on November 30, 2011, for an undisclosed amount.
Seller Details
SolArc is a provider of commodity management software solutions. The company's RightAngle solution includes trading, risk management, pricing, scheduling, movement actualization, invoicing, interfacing, and financial/ERP systems and settlement modules. It also offers credit management, risk management, and automation solutions; and implementation and consulting services.
Buyer Details
Open Link Financial (OpenLink) is a developer of trading, treasury, and risk management software. The company is engaged in operating a SaaS-based enterprise platform, enabling clients in the energy, commodities, corporate, and financial services industries to transform trading, treasury, and risk management departments into an extensible and transparent platform for unprecedented agility and innovation.
Hellman & Friedman is a private equity firm based in San Francisco, California. The firm seeks to invest in the business and information services, energy and industrials, financial services, healthcare, insurance and insurance services, internet and media, retail, consumer, and software sectors.