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SOFTWARE (NON-INTERNET/MOBILE) | Business Intelligence, Analytics & Performance Mgmt Software
algorithmics.com

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Founded Year

1989

Stage

Acquired - III | Acquired

Total Raised

$36.64M

Revenue

$0000 

About Algorithmics

Algorithmics provides analytics software and advisory services to banks, including HSBC, Societe Generale and Nedbank, as well as insurance and investment companies, according to a news release. It has more than 350 clients according to the company.On December 2, 2019, Algorithmics was acquired by SS&C. The terms of the agreement were not disclosed.

Algorithmics Headquarter Location

185 Spadina Avenue

Toronto, Ontario, M5T 2C6,

Canada

416-217-1500

Latest Algorithmics News

SS&C Completes Acquisition of Algorithmics

Dec 2, 2019

News provided by Dec 02, 2019, 09:00 ET WINDSOR, Conn., Dec. 2, 2019 /PRNewswire/ --  SS&C Technologies Holdings, Inc. (Nasdaq: SSNC ) today announced the completion of the acquisition of  Algorithmics and related assets from IBM. The addition of Algorithmics will extend SS&C's risk analytics and regulatory offering. Supported by a global team of risk experts based in all major financial centers, Algorithmics' solutions and technology address market, credit, and liquidity risk, as well as capital management. Algorithmics' cloud-based technology will add micro-services within SS&C's platform. The acquisition adds more than 200 clients, 350 employees, and offices in 25 countries. Algorithmics' clients include banks, insurance companies, broker-dealers, asset managers, hedge and private equity funds, and service providers. "We are pleased to welcome Algorithmics' clients and skilled personnel," said Bill Stone, Chairman and Chief Executive Officer of SS&C. "Enterprise risk is a growing concern for our financial services clients, and Algorithmics' innovative, cloud-based approach delivers real-time predictive analytics." Forward-Looking Statements Certain information contained in this press release constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company's clients operate, and the other risks discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission and can also be accessed on our website. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements. About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. Additional information about SS&C (Nasdaq: SSNC ) is available at www.ssctech.com . SOURCE: SS&C

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Expert Collections containing Algorithmics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Algorithmics is included in 1 Expert Collection, including Fintech.

F

Fintech

10,750 items

Excludes US-based companies

Algorithmics Patents

Algorithmics has filed 6 patents.

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Grant Date

Title

Related Topics

Status

8/25/2009

6/19/2012

Trees (data structures), Abstract data types, Data types, Composite data types, Data structures

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8/25/2009

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6/19/2012

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Related Topics

Trees (data structures), Abstract data types, Data types, Composite data types, Data structures

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Status

Grant

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