IBM (IBM) to Acquire Risk Analytics Firm Algorithmics in $387M Deal
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IBM (NYSE: IBM) today announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing.
Algorithmics is a risk analytics firm with operations in Toronto, Canada.
The acquisition is subject to applicable regulatory clearances and other customary closing conditions. With the closing of this acquisition, approximately 900 Algorithmics employees will join IBM's Software Group.
Algorithmics is a risk analytics firm with operations in Toronto, Canada.
The acquisition is subject to applicable regulatory clearances and other customary closing conditions. With the closing of this acquisition, approximately 900 Algorithmics employees will join IBM's Software Group.
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