Algorithmics momentopname
Algorithmics proposes a simple equation: its software plus your company's investments equals less risk. Algorithmics provides enterprise financial risk management software for banks, asset managers, insurance companies, brokerages, utilities, and corporations, which use the company's Algo software suite to analyze and manage market, credit, asset liability, and operational risk across an enterprise. The Algo suite includes applications for managing risk related to interest rates, global credit exposures, enterprise collateral, and energy companies. Fitch Ratings acquired Algorithmics in 2005 for $175 million. IBM bought the company in 2011 for $387 million.