New Perspective: IBM Targets Muscular Expansion with Algorithmics Acquisition

Dr Andrew Aziz is executive vice president of buy-side risk solutions at Algorithmics.

IBM's recent announcement that it will acquire Algorithmics in a deal worth hundreds of millions of dollars shows that the company is gearing up for a big push into risk management. James Rundle reports on the creation of a potential juggernaut.

It's fair to say that many people were stunned when IBM announced it would be buying Algorithmics. It represents a declaration of intent, in many ways, by the computing giant with regards its approach to financial services, particularly given its prior a