Algorithmics Inc.

Algorithmics Inc.

Founded	1989 (1989)
Headquarters	Toronto , Canada
Area served	Worldwide
Key people	Stephen W. Joynt (CEO)
Products	Enterprise Risk Management
Number of employees	700
Parent	Fitch Group
Website	algorithmics.com

Algorithmics Inc. is a Toronto, Ontario based company that provides enterprise risk management solutions and services to financial institutions. Founded in 1989, Algorithmics employs over 730 people in 22 global offices, and serves more than 400 clients, including more than 72 of the 100 largest financial institutions in the world. In January 2005, Algorithmics was acquired by Fitch Group, which is also the parent company of Fitch Ratings. Fitch Group is a subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

Algorithmics was voted as the leading enterprise risk solution provider for Basel II, market risk, credit risk, operational risk and collateral management in Risk magazine's 2005 Technology Rankings. Algorithmics was also selected as the leading Operational Risk and Compliance Provider in Waters magazine's fourth annual financial technology rankings. In 2007, Algorithmics was selected as one of Canada's Top 100 Employers, as published in Maclean's magazine.

See Also

• SunGard
• Moody's Analytics
• RiskMetrics
• Standard and Poor's

External links

• Company Site
• Moody's Analytics

References

• A Program to Keep Tabs on Derivatives, New York Times
• PeopleSoft And Algorithmics Partner On Risk Management, Informationweek
• Risk Vendor Algorithmics Acquired By Fitch, Informationweek
• Risky Business, Fast Company
• Countering The Domino Effect, US Banker: "According to this accepted view, the top-tier vendors are: Algorithmics Inc., Toronto; Infinity Financial Technology Inc., New York; and MKIRisk"