Algorithmics the "Dominant Risk Management System Supplier" in 2006 Risk Magazine Technology Rankings

Toronto, Canada - 14 December 2006

Algorithmics has been recognized as the risk management leader in the Risk Technology Rankings 2006 with the most first place finishes across the risk systems categories. The magazine's annual rankings are based on a poll of end users of risk management software products who voted for the technology vendors they deemed to provide the best offering.

"Algorithmics remains the dominant risk management system supplier in the rankings," writes Clive Davidson, contributing editor at Risk magazine. "With six first places, including market risk systems, regulatory and economic capital calculations, operational risk assessment and key risk indicators, and collateral management, the company is a market leader across all risk categories."

As well as the six first place finishes, Algorithmics was recognized in four other categories, including Basel II, credit risk trading and banking, credit risk limit checking, and operational risk internal loss database.

"Algorithmics' dominance of the Risk Technology Rankings for the third consecutive year is a testimony to the confidence our clients and the industry places on our solutions and our team," says Michael Zerbs, President and Chief Operating Officer at Algorithmics.

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