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Fitch picks up Toronto's Algorithmics for $175 Million
Algorithmics has been in business in Toronto since 1989, founded by a
way-too-smart mathematician named Ron
Dembo. They make software that helps big companies like banks analyze
risk. Today, it announced that Fitch
Group, a Fimalac SA company, had purchased the company for $175-million
(presumably that's U.S. $).
No comments found.
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David Akin is ...National Post 
Top StoriesWho pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. Blogware users typically pay a monthly fee for using this platform but I do not as Tucows has kindly provided me with this platform. I may report on Tucows, its associated operations and executives, and on industry issues that may affect Tucows. I am grateful for Tucows' assistance but that's it. No favours were promised for their generosity nor do Tucows executives expect any. I hold no direct equity or stock in any company, Tucows included. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
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Errata, observations and working notes
