New Perspective: IBM Targets Muscular Expansion with Algorithmics Acquisition
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 to its approach to financial services, particularly given its prior acquisition of OpenPages in September 2010. The integration of Algorithmics products with that service opens the potential for IBM to launch a major new platform in the field of risk management, something that Andrew Aziz, executive vice
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