JRisk wins Front Office Trading Technology Award from The Banker

Palo Alto, CA. June 3, 2004 - Application Networks, Inc, a leading provider of financial software for trading, trading support, and risk management solutions, today announced its flagship product JRisk has received the 2004 Award for "Front Office Trading Technology" from The Banker.

The selection panel included the editorial staff of The Banker in addition to leading figures from investment banks, consultants and analysts.

"The JRisk software is a clear demonstration of innovative use of technology to address a business problem", comments Parveen Bansal The Banker's Technology Editor. "JRisk offers a flexible solution as banks increasingly trade more complex assets/asset mixes and require the processing speed to be able to react to investor demands and risk manage the largest portfolios", she adds.

"Winning a further prestigious award rubber stamps JRisk's leading position", says Evrard Van Hertsen, CEO of Application Networks. "It was always our goal to provide our customers with software solutions that give them a competitive edge and that are rapidly deployed into production. Recognition from such a leading publication endorses this success," he continues.

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