Kiodex secures second round of financing

Kiodex, a New York-based provider of Web-based energy risk management solutions, has secured an additional $10 million in financing from Warburg Pincus, the global private equity firm. The firm originally invested $15 million in April 2001. It plans to use the investment to improve its flagship software application, the Kiodex Risk Workbench, which combines pricing tools, market data, financial reports and deal capture for corporate risk managers who want to manage energy price volatility.

One of the planned enhancements for Risk Workbench is a complete FAS 133 accounting module. “A wide range of issues relating to risk management and transparent accounting practices are increasingly being placed under intense scrutiny,” said Stewart Gross, senior managing director of Warburg Pincus and a member of the Kiodex board of directors. “Every company needs to know what its energy exposure is at any time on a mark-to-market basis. This increased focus makes the services Kiodex provides even more valuable to today's corporate market-place.”Kiodex clients include Union Pacific Railroad and American Airlines, which uses Risk Workbench to hedge jet fuel prices.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here