Company:Application Networks

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Application Networks
IndustrySoftware Development
FateAcquired by Reuters
DefunctJune 2006 (2006-06)
Headquarters
Palo Alto, California
,
ProductsJRisk

Application Networks Inc. (AppNet) was a Palo Alto–based company,[1] provider of JRisk, a packaged financial risk management software to use on-premises or as part of cloud computing environments. Its customers included global banks.[2] Banks used JRisk for the risk management of their portfolio of securities, OTC contracts and financial derivative transactions.

Application Networks Inc. was acquired by Reuters in June 2006.[3]

References



  1. Risk January 2004. Incisive Financial Publishing Ltd
  2. [1] Risk magazine 2004.
  3. [2] the free library. June 2006.