IBM adds Risk Analytics through its latest acquisition – Algorithmics

IBM acquires Algorithmics

I guess most of us might have missed the news that came out on Friday about IBM’s acquisition of Algorithmics (a Canada-based Risk Analytics firm) for $387 million, thanks to our Labor Day Weekend plans.

Just early last week we saw IBM’s acquisition of  I2 to make its presence felt in Fraud Analytics. And now by acquiring Algorithmics, IBM has strengthened its position in the risk assessment and regulatory compliance space.

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The acquisition aims to offer clients an enterprise-wide view of managing risk as mentioned by Rob Ashe, IBM General Manager, Business Analytics:-

“Combining Algorithmics expertise with IBM’s deep analytics portfolio will allow clients to take a more holistic approach to managing risk and responding to economic change across their enterprises.”

With IBM strengthening its business analytics presence to a wide range now, it will be interesting to see how its competitors react. Indeed, exciting times ahead!