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Algorithmics is a Toronto, Ontario based company that provides risk management software to financial institutions. Founded in 1989, Algorithmics employs over 750 people in 22 global offices, and serves more than 400 clients, including more than 72 of the 100 largest financial institutions in the world. In January 2005, Algorithmics was acquired by Fitch Group, which is also the parent company of Fitch Ratings. Fitch Group is a subsidiary of FIMALAC, an international business support services group listed and headquartered in Paris, France.
Algorithmics was voted as the leading enterprise risk firm for Basel II, market risk, credit risk, operational risk and collateral management in Risk magazine's 2005 Technology Rankings. Algorithmics was also selected as the leading Operational Risk and Compliance Provider in Waters magazine's fourth annual financial technology rankings. In 2007, Algorithmics was selected as one of Canada's Top 100 Employers, as published in Maclean's magazine.
IBM bought Algorithmis in September 2011 fro $384 million.
Source: Wikipedia
Algorithmics was voted as the leading enterprise risk firm for Basel II, market risk, credit risk, operational risk and collateral management in Risk magazine's 2005 Technology Rankings. Algorithmics was also selected as the leading Operational Risk and Compliance Provider in Waters magazine's fourth annual financial technology rankings. In 2007, Algorithmics was selected as one of Canada's Top 100 Employers, as published in Maclean's magazine.
IBM bought Algorithmis in September 2011 fro $384 million.
Source: Wikipedia