Algo banks on the buy side

Founded in 1989 in Toronto and acquired by the Fitch Group in 2005, Algorithmics is a provider of enterprise risk solutions. With more than 700 risk professionals in 22 offices around the world, Algorithmics serves more than 300 global clients in over 30 countries. Seventy of the world's top 100 financial institutions use Algorithmics' software, content, and advisory services. The firm's 2008 revenues were more than $157 million with over 13% growth compared to 2007's revenues.

Algorithmics' soft