Toronto, Canada – April 24, 2006 – Algorithmics announced today that the company's latest version of its industry leading suite of risk management solutions, Algo Suite 4.5.2, has been certified on Sun Microsystems' SolarisTM 10 Operating System (OS) on high-performance, industry-leading SPARC® processor-based platforms.
This move is in response to the significant profile of Sun and the Solaris OS within the international financial services industry and part of Algorithmics’ ongoing commitment to offer the Solaris OS platform support as an important option for its clients. Algorithmics also announced Sun as a gold sponsor of the Algorithmics Risk Conference (ARC) 2006 to be held in Toronto, May 16 to 18.
”Our clients, many of whom will attend this year's ARC in Toronto, operate in the most regulated, competitive and risk-sensitive environment in the history of the financial services industry,” said Dr. Michael Zerbs, Algorithmics’ President and Chief Operating Officer. “Bringing our clients the strategic advantages of best-practice enterprise risk management means ensuring our solutions are engineered for optimal performance on leading operating systems. Support on this respected platform is in direct response to client's requirements as the Solaris OS has long been a trusted standard for many of the global banks, broker-dealers, asset management firms, hedge funds, exchanges and central banks than comprise our client base.”
“Our sponsorship of ARC 2006, one of the leading risk management events of the year, underscores our commitment to supporting Algo Suite on the Solaris 10 OS. There are now more than four million registered Solaris 10 licenses worldwide from leading firms in all industries, including seven of the top eight financial services companies,” said Donna Rubin, senior director, financial services, Sun Microsystems. “Our industry-wide adoption of the Solaris 10 OS takes another big leap forward with Algorithmics' commitment to making Algo Suite available to its customers on the Solaris 10 OS on SPARC processor-based Sun Fire servers.”
The annual Algorithmics Risk Conference will focus on how forward-thinking firms are finding ways to create strategic advantage by making informed risk decisions.
Keynote speakers at ARC 2006 include: Lord John Eatwell, President of Queens' College and Professor of Financial Policy, University of Cambridge; Ben Gully, Managing Director, Basel Implementation Division, Office of the Superintendent of Financial Institutions, Canada; Michael Hofmann, Chief Risk Officer, Koch Industries; Nicholas Silitch, Managing Director, Basel Project Office, Bank of New York; and Glenn Woodcock, Head of Group Credit Systems, Royal Bank of Scotland.