Algorithmics Inc.

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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 700 people in 18 global offices, and serves more than 300 clients around 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.^[1]