IBM Completes Acquisition of Algorithmics

IBM (NYSE:IBM) announced the closing of its acquisition of Algorithmics.

The acquisition expands IBM’s business analytics capabilities in the area of financial risk. Alogirithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The purchase price is $380.20 million.

Rob Ashe, IBM General Manager of Business Analytics said, “Integrated risk management continues to be a

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