BNET Industries

Last Fiscal Year Sales:$17.5M
  • Private
  • US
Dow Jones Description

Founded in 1983, the Company arrived at the juncture of two important events: the creation of the PC, and the emergence of the volatile derivatives market. From the beginning, INSSINC has been successful in mastering both Information Technology and Financial Markets. INSSINC has developed, installed and operated state-of-the-art derivatives and treasury systems throughout the world. The Company has a staff of highly experienced consultants and system professionals who are experts in their respected fields of risk management, trading, operations, and accounting. One of the first to offer a comprehensive FAS 133 & IAS 39 derivatives and hedge accounting solution, INSSINC continues to receive the highest praise from its Users and financial practitioners. "The implementation went quickly and smoothly and the INSSINC team was extremely pro-active in developing solutions to resolve our reporting needs. Most important, FUTRAK works as promised. It provides ease in developing required reports and it's accounting interface was easily modified to match our exsisting general ledger structure. We were especially impressed with FUTRAK's Mark to Market, and its comprehensive FAS-133 reports provide the evidence required to justify our hedging activities.

President and CEO
Peter Armstrong
Number of Employees 34
Contact Information

222 New Rd

Parsippany, New Jersey 07054

www.inssinc.com

1 973 244 1661

NAICS Code Computer and Software Stores: 443120

News & Analysis

investment support systems inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Peter Armstrong President and CEO
K Oni Chukwu Chief Financial Officer
Mr Michael Schwartz Chief Marketing Officer
Paul D'Amico Chief Operating Officer
Greg Taylor Executive Vice President, Global Field Operations
Elie Zabal Senior Vice President, Treasury Management and Regulatory Compliance Solutions
Brad Hamlin Vice President, Client Operations, Americas
Dan Reid Vice President, Credit Risk Solutions
Dilip Daswani Vice President, Business Development
Karan Renjen Vice President, Engineering
Mr Michael Ravo Vice President, Industry Solutions
Tarun Bhattacharya Vice President of Client Operations for the Emea Region
Malcolm Strong General Manager, Europe Operations
Lorna Stewart Reporting Manager, Scottish Power
Rick Piazza Manager, Transaction Analysis, Ppm Energy
Darryl Coit Controller & Assistant Treasurer, Empire District Electric Co. (Nyse: Edu)

Organization Position Status
Triple Point Technology Inc. President and CEO Current
Investment Support Systems, Inc. President and CEO Current
Triple Point Technology Inc. Founder Former
Columbia University Master of Science Degree In Computer Science Former
University of Pennsylvania Bachelor of Science Degree In Computer Engineering Former

Organization Position Status
Investment Support Systems, Inc. Chief Financial Officer Current

Organization Position Status
Triple Point Technology Inc. Chief Marketing Officer Current
Coralgrid Software Private Limited Chief Marketing Officer Current
Investment Support Systems, Inc. Chief Marketing Officer Current
Information Builders Inc. Vice President, Marketing Current
Michael D. Schwartz Principal Current
eXcelon Corporation Marketing Executive Former
Queens College Adjunct Professor of Tax Planning and Management Former
Information Builders Inc. Marketing Executive Former
International Business Machines Corporation Former
New York University MBA Former
Ithaca College B.A. In Mathematics Former

Mr. Paul D'Amico serves as chief operating officer for Triple Point Technology. As a principal owner of Triple Point Technology, he is responsible for the global services organization, accounting and finance, and administration. Since joining the company in 1995, Mr. D'Amico has helped build and grow Triple Point to its leadership position of today. Formerly, Mr. D'Amico was employed by Phibro Division of Salomon, Inc., responsible for position management for the international products, fuel oil, crude oil, and derivatives trading groups. He served as a member of the functional design team for new trading systems development and supported the implementation of new trading systems worldwide, for all trading groups. Prior to Phibro, Mr. D'Amico was an accountant at Gelfand, Rennert & Feldman, a business management firm for the entertainment industry. Mr. D'Amico earned a Bachelor of Business Administration degree in public accounting from Pace University.

Organization Position Status
Triple Point Technology Inc. Chief Operating Officer Current
Coralgrid Software Private Limited Chief Operating Officer Current
Investment Support Systems, Inc. Chief Operating Officer Current
Triple Point Technology Inc. Principal Owner Current
Triple Point Technology Inc. Finance Executive Current
Gelfand Rennert & Feldman Llp Accountant Former
Pace University Bachelor of Business Administration Degree In Public Accounting Former
Pace University Business Administration Degree In Public Accounting Former

Organization Position Status
Investment Support Systems, Inc. Executive Vice President, Global Field Operations Current
Coralgrid Software Private Limited Executive Vice President, Global Field Operations Current
Triple Point Technology Inc. Executive Vice President, Global Field Operations Current
Netkey, Inc. Executive Vice President of Global Field Operations Former
Triple Point Technology Inc. Vice President, Global Sales Former
I-Mediation Former
Cullinet Software Former

Organization Position Status
Coralgrid Software Private Limited Senior Vice President, Treasury Management and Regulatory Compliance Solutions Current
Triple Point Technology Inc. Senior Vice President of Treasury Management and Regulatory Compliance Solutions Current
Investment Support Systems, Inc. Senior Vice President, Treasury Management and Regulatory Compliance Solutions Current
Investment Support Systems, Inc. CEO Former
Investment Support Systems, Inc. Founder Former
Investment Support Systems, Inc. Owner Former

Organization Position Status
Coralgrid Software Private Limited Vice President, Client Operations, Americas Current
Triple Point Technology Inc. Vice President, Client Care Current
Investment Support Systems, Inc. Vice President, Client Operations, Americas Current
Excelergy Corporation North American Sales Director Former
University of Illinois Bachelor of Science In Industrial Engineering Degree Former

Dan Reid is one of the founding principals of ROME Corporation and brings over thirteen years of experience in the energy, financial, and telecommunications industries to his role as Cheif Marketing Officer and Senior Vice President of Global Solutions. Mr. Reid is responsible for developing and leading the execution of strategic marketing initiatives to extend ROME's global presence . Prior to ROME , Mr. Reid served as national practice leader for Luminant Worldwide where he was instrumental in procuring over $40 million in client revenue over a three-year period. Mr. Reid provided in-depth strategy, business development and enterprise architecture consulting to Fortune 500 customers. In this capacity, Mr. Reid worked closely with clients, partners, and analysts to ensure the success of critical technology projects and to guide the development and execution of strategic business goals and objectives. Previously, Mr. Reid founded Balance Consulting Solutions, developing the organization and establishing several anchor accounts prior to being acquired by Luminant Worldwide. Mr. Reid began his career as an electrical engineer with Procter & Gamble designing and developing plant SCADA and HS&E systems. Mr. Reid holds a Bachelor of Science degree in Electrical Engineering / Computer Science from the University of Houston.

Organization Position Status
Rome Corporation Chief Marketing Officer, Senior Vice President Global Solutions Current
Investment Support Systems, Inc. Vice President, Credit Risk Solutions Current
Triple Point Technology Inc. Vice President, Credit Risk Solutions Current
Coralgrid Software Private Limited Vice President, Credit Risk Solutions Current
Rome Corporation Managing Director of Emea Operations Former
Procter & Gamble electrical engineer Former
The University of Houston Bachelor of Science Degree In Electrical Engineering, Computer Science Former

Mr. Dilip Daswani serves as vice president, business development for Triple Point Technology. He focuses on alliances, partnerships and acquisitions. He applies an extensive background in both commodity trading software development, and power trading and scheduling software. Mr. Daswani founded Energy Crossroads Corporation in 1997 to develop trading and supply management products for utilities -- with clients including American Electric Power, Dynegy, and the City of Anaheim. Triple Point acquired Energy Crossroads in 2001. Mr. Daswani holds a Master's degree in Electrical Engineering from the University of Southern California.

Organization Position Status
Triple Point Technology Inc. Vice President, Business Development Current
Investment Support Systems, Inc. Vice President, Business Development Current
Coralgrid Software Private Limited Vice President, Business Development Current
Energy Crossroads Inc. Founder Former
Dynegy, Inc. Former
American Electric Power Company, Inc. Former
University of Southern California Master's Degree In Electrical Engineering Former

Mr. Karan Renjen serves as vice president, engineering for Triple Point Technology. He is responsible for managing all software development at Triple Point. Mr. Renjen has applied his experience in distributed architecture, transaction processing and process re-engineering in designing and overseeing the development of large scale, enterprise wide trading systems at Triple Point. Previous development projects include an expert system for analyzing market conditions, option pricing tools and a mark-to-market and realized profit/loss reporting engine for the physical and derivative energy trading industries. Mr. Renjen holds a Masters of Science degree in Computer Information Sciences from the University of Pennsylvania.

Organization Position Status
Triple Point Technology Inc. Vice President, Engineering Current
Investment Support Systems, Inc. Vice President, Engineering Current
Coralgrid Software Private Limited Vice President, Engineering Current
University of Pennsylvania Master of Science, Computer Information Sciences Former

Mr. Michael Ravo serves as vice president, industry solutions for Triple Point Technology. During his tenure at the company, Mr. Ravo has overseen deployment of systems for major oil trading clients. Mr. Ravo has been instrumental in the development in leading-edge products to serve the power and gas markets as well. His hands-on floor trading experience, in-depth knowledge of front- and back-office trading activities and technical background make Mr. Ravo uniquely qualified to manage deployments of large-scale commodity systems. Prior to joining Triple Point, Mr. Ravo was Commodity Systems project manager for J.P. Morgan & Co., responsible for the implementation of a large scale integrated commodity trading system for oil, base metals, precious metals and commodity derivatives. Mr. Ravo holds BS in Systems Engineering from the University of Pennsylvania.

Organization Position Status
Triple Point Technology Inc. Vice President, Industry Solutions Current
Investment Support Systems, Inc. Vice President, Industry Solutions Current
Coralgrid Software Private Limited Vice President, Industry Solutions Current
J.P. Morgan & Co. Project Manager Former
University of Pennsylvania Bs In Systems Engineering Former

Mr. Tarun Bhattacharya serves as vice president of client operations for the EMEA region for Triple Point Technology and is based out of the London office. He is responsible for all post-sales services and support for clients in this region, including client relationship management and project delivery. Under Mr. Bhattacharya's leadership, Triple Point has successfully completed enterprise-wide implementations for major clients throughout the EMEA region in all commodity sectors. Prior to joining Triple Point, Mr. Bhattacharya held the position of systems analyst at Motorola. Mr. Bhattacharya holds a Bachelor of Science degree in International Trade and Finance, and a Masters degree in Information Systems and Decision Science from Louisiana State University.

Organization Position Status
Triple Point Technology Inc. Vice President of Client Operations Current
Investment Support Systems, Inc. Vice President of Client Operations for the Emea Region Current
Coralgrid Software Private Limited Vice President, Client Operations, Emea Current
Louisiana State University Masters Degree In Information Systems and Decision Science Former
Louisiana State University Bachelor of Science Degree In International Trade and Finance Former

Organization Position Status
Investment Support Systems, Inc. General Manager, Europe Operations Current
Triple Point Technology Inc. General Manager Current
Coralgrid Software Private Limited General Manager, Europe Operations Current

Organization Position Status
Investment Support Systems, Inc. Reporting Manager, Scottish Power Current

Organization Position Status
Investment Support Systems, Inc. Manager, Transaction Analysis, Ppm Energy Current

Organization Position Status
Investment Support Systems, Inc. Controller & Assistant Treasurer, Empire District Electric Co. (Nyse: Edu) Current
Investment Support Systems, Inc. Board of Directors Current

Executive News

  • Triple Point Launches New Product for Emissions Trading and Management

    TMC Net - 6/26/09 - View Story

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