September 1, 2011 – In its second analytics buy of the week, IBM announced it will acquire risk management analytics provider Algorithmics for $387 million.
Algorithmics offers risk analytics software and services for financial institutions and the public sector to assess GRC decisions. In a news release on the proposed deal, IBM stated it would sew Algorithmics’ solutions and services into another recent acquisition, OpenPages, as well as its existing portfolio in an effort to broaden its risk strategy stack.
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