Monday, October 17, 2011

SolArc To Be Acquired By OpenLink

Houston-based SolArc, a developer of software for commodity management and trading, announced this morning that it is in a deal to be acquired by Open Link Financial, a provider of energy commodities, trading, and risk management software. Financial terms of the acquisitoin deal were not announced. SolArc is backed by Technology Crossover Ventures. The firm said that it was advised by ArchPoint Partners, as well as Wilson Sonsini Goodrich & Rosati in the deal.