Algorithmics was founded by Dr. Ron Dembo in 1989 and quickly established itself as a pioneer in the Financial Risk Management sector. With a global presence, the company boasted over a dozen offices worldwide and a substantial workforce. In 2005, Algorithmics caught the eye of the Fitch Group, the parent company of Fitch Ratings, and was subsequently acquired. However, the company's journey did not end there. In 2011, IBM acquired Algorithmics, integrating it into their operations and rebranding it as IBM Risk Analytics. Then, in 2019, Algorithmics found a new home with SS&C, as it was acquired from IBM and integrated into the company to form SS&C Algorithmics. The last recorded investment for Algorithmics was a $200.00K Debt Financing investment on 20 December 2013. This transition of ownership and acquisition by prominent industry players underscores Algorithmics' substantial impact on the financial services sector.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | $200.00K | - | 20 Dec 2013 |
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