SS&C Sep 25, 2019, 16:05 ET.
“It is increasingly important to deliver integrated solutions that provide a deep understanding of risk and enable effective decision support at the same time as meeting rapidly evolving regulatory requirements. This acquisition expands IBM's business analytics capabilities in the financial services industry by helping clients quantify, manage and optimize their risk exposure across a range of financial risk domains, including market, liquidity, credit, operational and insurance as well as economic and regulatory capital.
IBM Press Room - IBM today announced the closing of its acquisition of Algorithmics. Fitch Group operates in more than 50 countries, and is majority-owned by Fimalac, S.A., headquartered in Paris, France.Fimalac, a diversified holding company headquartered in Paris, France, is around 80 percent owned by its Founder, Chairman and CEO, Marc Ladreit de Lacharrière. Consistent with its acquisition strategy, IBM will continue to support Algorithmics clients while allowing them to take advantage of the broader IBM portfolio. SS&C to Acquire Algorithmics Assets from IBM Acquisition to expand SS&C’s risk analytics and regulatory solutions . Algorithmics’ focus on credit, market and liquidity risk, as well as key customers in operational risk, will strengthen and expand IBM’s risk consulting services. The need to have the right information at the right time is fundamental to developing and managing business strategies,” said Dr. Michael Zerbs, president and COO, Algorithmics. “Integrated risk management continues to be a challenge across insurance and financial services industries, as data grows in complexity and new regulations continue to be introduced to address financial market trends,” said Rob Ashe, IBM General Manager, Business Analytics. Acquisition to expand SS&C's risk analytics and regulatory solutions SSC Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has entered into a definitive agreement to acquire certain Algorithmics and related assets from IBM. The news supports IBM's long-term growth strategy to expand the company’s business analytics and optimization software and services capabilities. IBM Press Room - IBM today announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing. IBM's acquisition of Algorithmics is part of a move to broaden advanced analytics capabilities for the financial services industry. “The combination of Algorithmics and recently acquired OpenPages, along with IBM's deep analytics expertise, delivers a comprehensive approach to managing risks, enabling clients to make better business decisions faster." The acquisition is subject to applicable regulatory clearances and other customary closing conditions. Share this article.
With the combination of IBM and Algorithmics analytics, companies can measure and assess operational risk associated with lending processes, market and credit risk exposures. News provided by.
Fimalac’s holdings include a majority stake in Fitch Group, a global provider of financial services, North Colonnade Ltd, a commercial real estate complex in the prestigious Canary Wharf district of London, England, and Fimalac Développement, a subsidiary that acquires stakes in competitive companies with strong growth potential.For more information, visit IBM Business Analytics and Optimization at