AppNeta was launched in early 2010 by Apparent Networks. AppNeta is headquartered in Boston, Massachusetts, with the research and development team based in Vancouver, British Columbia. AppNeta is privately held, and backed by venture investors, including SolarWinds, Bain Capital Ventures, JMI Equities, Egan-Managed Capital and Business Development Bank of Canada. The company currently[when?] employs 55 people. Customers and partners include Artisan Infrastructure and Bandwidth Management Group. In July 2014, Matt Stevens, co-founder of AppNeta, replaced Jim Melvin as the companys CEO.