Algorithmics Inc.

Algorithmics is a Toronto, Ontario based company founded by Ron Dembo that provides risk management software to financial institutions. Founded in 1989, Algorithmics employs over 850 people in 23 global offices, and serves more than 350 clients, including 25 of the 30 largest banks in the world, and over two thirds of the CRO Forum of leading insurers. In January 2005, Algorithmics was acquired by Fitch Group for $175 million, which is also the parent company of Fitch Ratings. In October 2011, Algorithmics was acquired by IBM for $387 million. IBM OpenPages and Algorithmics will be combined to form a new Risk Analytics pillar within the Business Analytics software division. Algorithmics was voted as the leading enterprise risk firm for...