TA sells OpenLink Financial to the Carlyle Group

TA Associates, a private equity firm with offices in Boston, said it has sold OpenLink Financial to another private equity firm.

The buyer is the Carlyle Group, and TA said that the terms of the transaction were not disclosed.

"Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy, and financial services markets globally," TA and Carlyle said in a press release. "OpenLink’s blue chip client base of more than 150 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, N.Y., and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore, OpenLink has more than 785 employees worldwide." (Globe Staff)