Breaking News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2 TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits Spire launches UD50C White PC chassis G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

IBM to Acquire Algorithmics For $387 Million

IBM to Acquire Algorithmics For $387 Million

Enterprise & IT Sep 1,2011 0

IBM is buying Toronto-based risk analytics software firm Algorithmics for $387 million in cash to enhance its financial services capabilities. Algorithmics risk analytics software, content and advisory services are used by banking, investment and insurance businesses to help assess risk, address regulatory requirements and make more insightful business decisions. Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris, France.

This acquisition expands IBM's business analytics capabilities in the financial services industry.

Algorithmics risk advisers will enhance IBM's Business Analytics and Optimization practice. The Business Analytics and Optimization team has more than 8,000 consultants including 200 mathematicians with more than 500 patents and a network of analytics solution centers, backed by an overall investment of more than $24 billion in acquisitions in the last five years. Algorithmic's focus on credit, market and liquidity risk, as well as key customers in operational risk, will strengthen and expand IBM's risk consulting services.

The acquisition is subject to applicable regulatory clearances and other customary closing conditions. With the closing of this acquisition, approximately 900 Algorithmics employees will join IBM's Software Group, IBM said.

Tags: IBM
Previous Post
Panasonic Develops New Twin-Lens 3D Digital Camera with HD Video Capability
Next Post
LG at IFA 2011

Related Posts

  • IBM Unveils watsonx Generative AI Capabilities to Accelerate Mainframe Application Modernization

  • New magnetic tape prototype breaks data density and capacity records

  • IBM Expands the Computational Power of its IBM Cloud-Accessible Quantum Computers

  • Researchers Use Analog AI hardware to Support Deep Learning Inference Without Great Accuracy

  • Server Market Posts a Record First Quarter on Strong Cloud-service Demand

  • IBM Wants to Change IT Operations With Watson AIOps, Releses Edge Computing Solutions for 5G Deployments 5G era

  • IBM Reports Continued Cloud Revenue Growth, Withdraws Annual Forecast

  • COVID-19 High Performance Computing Consortium Launched

Latest News

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2
Cooling Systems

LIAN LI Redefines Compact ATX Tower with the O11D MINI V2

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits
PC components

TEAMGROUP Unveils DDR5 256GB (4×64GB) Ultra-Capacity Memory Kits

Spire launches UD50C White PC chassis
Cooling Systems

Spire launches UD50C White PC chassis

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations
PC components

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile
GPUs

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed