Kiodex secures second round of financing

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.

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