ALGORITHMICS DOMINATES ENTERPRISE RISK CATEGORY IN RISK MAGAZINE'S FIRST-EVER TECHNOLOGY RANKINGS

TORONTO, CANADA - December 7, 2004 - Algorithmics Incoporated dominated the enterprise risk category of RISK Magazine's inaugural technology rankings, based on voting by an international group of users of risk management software products. Algorithmics ranked number one in market and credit risk, as well as credit limit checking, second in credit risk capital calculation, and first in operational risk capital calculation. Algorithmics also ranked in the top five in key risk indicators and internal loss data categories for operational risk.

"Algorithmics helped define enterprise risk management. Algorithmics' continued focus in the area, and emphasis on best practices, has been instrumental in its success," says RISK Magazine in a quote.

"We are very pleased with the industry's tremendous recognition of Algorithmics in RISK's first Technology Rankings," says Michael Zerbs, Chief Executive Officer at Algorithmics. "This is a direct result of the continued efforts of all our employees and our valued partners globally to bring to market truly leading risk management software solutions and services."

Complete coverage of the technology rankings can be found in the December issue of RISK Magazine.

RISK magazine describes effective data management across ever increasing volumes at financial institutions as a major challenge for many solution providers. This issue is clearly illustrated with preparations for Basel II, since managing data is a key requirement for good enterprise risk management. The architecture of a risk system is paramount, and Mark-to-Future, a scaleable and extensible scenario-based, risk analysis framework is at the core of Algorithmics' enterprise risk solutions.

"Mark-to-Future is established as the central enterprise risk engine at leading financial institutions, enabling proactive risk-based responses to business opportunities. It is at the core of our clients' strategy for comprehensive capital management solutions that integrate risk, regulations and finance," RISK quotes Zerbs.