Founded in 1989, Algorithmics is a recognized leader in enterprise risk management. Following its acquisition by the Fitch Group in January 2005, the Fitch Risk team has been combined with Algorithmics. Algorithmics is now the world's leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk.

Algorithmics has over 200 clients, including more than 60 of the 100 largest financial institutions in the world. Algorithmics now represents one of the largest dedicated enterprise risk management teams in the world, with more than 550 risk professionals, located in 15 offices in key international markets.

The firm's advanced and proven suite of enterprise risk solutions helps financial institutions to improve the quality of risk information, meet regulatory requirements, and allocate capital more efficiently. Currently, Algorithmics provides enterprise solutions for market, credit and operational risk, as well as collateral and capital management, across the banking and trading books, for global banks, insurance companies, asset management firms, hedge funds, corporations, regulators and central banks, among others. The firm was recently recognized as the dominant enterprise risk solution provider in market, credit and operational risk in Risk Magazine's 2004 Technology Rankings.