Algorithmics voted Best Risk Analytics Solution Provider in 2009 Waters Rankings

New York, NY - 13 July 2009

Algorithmics, provider of risk management systems, announced today that it has been voted the Best Risk Analytics Solution Provider by Waters readers in the 2009 Waters annual financial technology rankings.

Algorithmics’ analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: “We are delighted that Algorithmics has received this recognition from Waters readers and we would like to thank everyone who voted for us.

“At a time when there is a renewed focus on managing risk across the enterprise and on the interconnectedness of all risk types, this endorsement for the analytics, which underpin our enterprise risk solutions, is very welcome. Best risk analytics is part of Algorithmics’ heritage and with the help of our clients, we’ve continued to develop award-winning solutions based on these analytics for the last 20 years.”

More than 1,000 readers of Waters magazine who work in investment firms voted in this year’s Waters Rankings. In the category of Best Risk Analytics Solution Provider, an estimated 28.5 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 14.9 percent and 12.7 percent respectively.

Phil Albinus, the editor of Waters, reported: “The past eighteen months have proved one certainty: investment firms must have a clear method of measuring and mitigating their risk exposure or disaster will occur. The readers of Waters who work inside investment firms clearly see Algorithmics as the leader in the risk analytics space.”

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