Location: Bethesda, MD
Initial Investment Date: 7/1/1998
GTCR founded AppNet with Ken Bajaj in 1998. Mr. Bajaj was formerly Vice Chairman of Wang Laboratories, President of I-NET, founder of Perot Systems and a senior executive at EDS. With a capital commitment from GTCR, AppNet developed software and systems expertise allowing it to grow to become one of the largest electronic commerce integration companies. The company integrated software platforms such as Broadvision, Vignette, Ariba and Commerce One. AppNet went public in 1999 and was sold to Commerce One in 2000.