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About: Algorithmics Inc.     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatRiskManagementCompanies, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatSoftwareCompaniesOfCanadayago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:SocialGroup107950920yago:WikicatRiskManagementCompanies New Facet based on Instances of this Class

Algorithmics was a Toronto, Ontario based company founded by Ron Dembo that provided risk management software to financial institutions. Founded in 1989, Algorithmics employed over 850 people in 23 global offices, and served 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 December 2019, SS&C Technologies acquired Algorithmics from IBM for $88.8 million.