IBM Buys Risk Management Analytics Company Algorithmics For $387 million

Is IBM making up for lost time? After acquiring crime data intelligence software developer i2 yesterday, Big Blue is announcing another purchase this morning. The company is buying Canadian risk management analytics software developer Algorithmics for $387 million. Algorithmics' risk analytics software, content and advisory services are used by banks, investment and insurance businesses to help assess risk, address regulatory requirements and make more insightful business decisions. Basically, the software quantifies, manages and optimizes company risk exposure across a range of financial risk domains including market, liquidity, credit, operational and insurance risk as well as economic and regulatory capital risk.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/z6yeDqysgZ0/

genghis khan bu dalai lama michael buble michael buble anthony sowell anthony sowell