Application Networks
| Company type | Private |
|---|---|
| Industry | Financial software |
| Founded | 1998 |
| Fate | Acquired by Reuters in June 2006 |
| Headquarters | Palo Alto , United States |
| Products | JRisk |
Application Networks Inc. (AppNet), headquartered in Palo Alto, California, created JRisk, a comprehensive financial risk management software solution available for both on-premises installation and cloud computing deployment. The software primarily catered to international banking institutions that utilized JRisk to oversee risks related to securities portfolios, over-the-counter (OTC) agreements, and various financial derivatives.
Established in 1998, Application Networks focused on delivering technology tailored for real-time risk assessment within the financial services industry. In June 2006, Reuters acquired the company, thereby strengthening its portfolio of financial risk management products.