Algorithmics Receives $60 Million in Financing, Starts Spending Immediately


TORONTO--AIG, CIBC Capital Partners, Morgan Stanley International and Royal Bank Capital Partners are providing Algorithmics with $60 million in private strategic financing. On the agenda are strategic acquisitions (see below), product development and repayment of existing debt.

"This investment from a very experienced group of current and new investment partners indicates the confidence they have in Algorithmics, our people, our market strategy coupled with our growth potential," says Ron De

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: