IBM Totes Up Its Analytics Properties
September 23, 2011
IBM owns more analytics functions than an Escalade filled with math PhDs on their way to an American Mathematical Association shin dig.
IBM recently acquired Algorithmics, a Toronto-based company which makes risk-analysis software for the financial industry. IBM paid $387 million for the company and will gain all of Algorithmic’s 900 international employees.
The tools provided by Algorithmics help businesses automate much of their financial risk management and also helps customers meet regulators’ data oversight demands. We learn more about the deal in ZDNet’s article, “IBM Snaps Up Algorithmics for Risk-Management Tools.” The article reports:
‘What Algorithmics brings is risk-analytic capabilities for credit risk, market risk and liquidity risk that is incredibly timely,’ Laurence Trigwell, an executive in IBM’s European business analytics unit, told ZDNet UK. ‘Regulators are asking for more frequent analysis and more frequent exposure… also the regulators are doing a lot more analytics of those disclosures.’
With such a specific financial niche being so boldly approached by IBM, I’m left with a few questions. Can IBM successfully integrate this wide collection of math centric properties? Or will the licensee pay IBM to make a seamless system of the many moving parts? Time will tell if the software purchase helps the company improve their ability to assist customers in managing financial risk.
My question: “Is IBM angling for services revenue from its collection of numerical recipes?” And another, “Will this math goodness enhance IBM’s search offerings so that the company can win another round on Jeopardy?”
Andrea Hayden, September 23, 2011
Sponsored by Pandia.com
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