IBM has agreed to acquire Algorithmics for $387 million.
Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company’s risk analytics software and advisory services are used by banks, investment and insurance businesses to help assess risk, address regulatory requirements and make business decisions.
Algorithmics is a member of Fitch Group, which is majority owned by Fimalac, a holding company based in Paris. Fitch Group provides credit ratings, market analytics and services.
This acquisition expands IBM’s business analytics capabilities in the financial services industry.
Cyber Attacks On Banks More Serious Than Public Realizes
E&O Insights: Restaurant and Tavern Risks
CEA’s First CIO Reflects C-Suite Trend
Golf and Country Clubs Weather the Storm
Midwest AGs Go After Storm-Chasing Roofing Companies
Medical Malpractice Payouts Not Driving Up Health Costs: Study
Florida Lawmakers Approve Medical Malpractice Reform
Industry Results Show Positive Signs for Workers’ Comp Line, NCCI’s Chief Economist Says
Sign up to receive insurance news alerts!
