Algorithmics Incorporated

Type: Subsidiary
On the web: http://www.algorithmics.com

Algorithmics proposes a simple equation: its software plus a 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 tools for managing risk related to interest rates, global credit exposures, enterprise collateral, and energy companies. Clients have included Allianz, Koch Industries, and Standard Bank. Fitch Ratings acquired Algorithmics in 2005 for $175 million. IBM bought the company in 2011 for $387 million.

Officers:
CEO: Stephen W. Joynt
President and COO: Michael Zerbs
EVP Buy-Side Business: Andrew Aziz

Competitors:
Advent Software
Misys
SunGard