Loading organizations...
SolArc provides integrated software for commodity trading and risk management (CTRM). Its platform enables businesses to manage trading, hedging, movement, and accounting of diverse physical and financial commodities. This technology offers control and insight into global supply chains, optimizing efficiency and informed decision-making in volatile markets.
D. Brad Anderson co-founded SolArc in 1991, serving as CEO. He recognized a market need for a unified software system to navigate complex challenges and risks for commodity-intensive enterprises. His insight focused on creating a streamlined platform, enhancing operational flow and strategic oversight for substantial commodity positions.
The company serves a global clientele of corporations across energy, transportation, and finance. SolArc’s products empower users with deeper insights into market exposures and operational performance. Its vision is to enable organizations to achieve superior operational effectiveness, increased profitability, and reduced financial and logistical risks within their commodity trading environments.
SolArc has raised $25.0M across 1 funding round.
SolArc has raised $25.0M in total across 1 funding round.
SolArc has raised $25.0M in total across 1 funding round.
SolArc's investors include TCV.
SolArc was a technology company specializing in commodity management software, particularly its flagship RightAngle solution, which provided trading, risk management, pricing, scheduling, invoicing, and integration with financial/ERP systems for energy and commodities sectors.[1] It served clients in trading, treasury, and risk management across energy, commodities, corporate, and financial services industries, solving complex challenges in commodity trading and risk through comprehensive software and consulting services; the company was acquired in a leveraged buyout by OpenLink Financial (backed by Hellman & Friedman) on November 30, 2011, for an undisclosed amount, marking the end of its independent operations.[1]
Note: Multiple entities share similar names, including Solarc Systems (a medical phototherapy device maker founded in 1992)[2] and other SolArc variants in construction software or SAP partnerships,[3][4] but the query's "SolArc" aligns most closely with the commodity software provider based on its tech focus and acquisition prominence.
SolArc emerged as a provider of specialized software for commodity management, developing the RightAngle platform to handle end-to-end processes like trading, risk assessment, scheduling, and settlement in volatile energy and commodities markets.[1] Key details on founders or exact founding year are not specified in available records, but the company gained traction as a go-to solution for enterprise clients before its pivotal 2011 acquisition by OpenLink Financial via private equity firm Hellman & Friedman, which integrated it into a broader SaaS platform for trading and risk management.[1] This buyout represented a major milestone, leveraging SolArc's established technology amid growing demand for agile commodity tools.
SolArc rode the early 2000s wave of enterprise software digitization in commodities trading, where volatile energy markets demanded advanced risk and trading tools amid deregulation and globalization.[1] Its timing was ideal post-financial crises, when firms sought integrated platforms for compliance and efficiency; market forces like rising commodity volatility and SaaS adoption favored its model, influencing the ecosystem by setting standards for end-to-end commodity management that acquirers like OpenLink built upon.[1] Post-acquisition, its technology contributed to broader platforms serving global energy and finance, underscoring the consolidation trend in fintech for commodities.
SolArc's legacy endures through its integration into OpenLink's platform, now part of ION Group following further acquisitions, continuing to power commodity trading worldwide. Looking ahead, trends like AI-driven risk analytics, real-time ESG compliance, and blockchain for settlements will shape evolutions of its foundational tech, potentially amplifying its influence in decarbonizing energy markets. As the original innovator in RightAngle, SolArc's DNA positions it to thrive in an era of increasingly complex global trade dynamics.[1]
SolArc has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Series A in November 2003.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2003 | $25.0M Series A | TCV |