Algorithmics Unveils RiskWatch™ on Red Hat Linux 6.2

Toronto, Canada - June 15, 2000 -

Algorithmics Incorporated, a global leader in the field of enterprise risk management solutions, today announced the availability of its RiskWatch product for the Red Hat Linux 6.2 operating system. With this announcement, Algorithmics is leveraging the reliability and scalability of Red Hat Linux to enable RiskWatch to run on the Intel platform for an enterprise environment.

Algorithmics will demonstrate RiskWatch on Red Hat Linux 6.2 at the Securities Industry Association (SIA) show in New York City, June 20 - 22, 2000.

The availability of RiskWatch on Red Hat's Linux 6.2 OS ensures customer access to the most comprehensive analytic solution for profiling risk and ensuring regulatory compliance across a broad array of platforms.

"We are delighted to partner with a market leader such as Red Hat and are confident this will permit companies to confidently build best of breed risk management solutions tailored to their systems and capabilities," stated Dr. Ron S. Dembo, President and C.E.O. of Algorithmics Inc. "Offering RiskWatch on Red Hat Linux 6.2 operating system provides new customers with the capacity to increase the scope and complexity of vital market simulations. This can be the edge necessary to stay that crucial one step ahead," he added.

"As users continue to look for comprehensive enterprise risk management solutions, Algorithmics' RiskWatch contributes significantly to analytic solutions for Linux," said Paul McNamara, VP of Business Development, Red Hat. "As the leading provider of open source Internet infrastructure solutions, we are excited that Algorithmics is integrating Red Hat Linux into its solution - further demonstrating to enterprise clients in financial services the robust and scalable nature of Red Hat's Internet solutions capabilities."

About Algorithmics
Algorithmics Incorporated is the leading provider of enterprise risk management solutions that enable financial institutions to effectively understand and manage their financial risk. Algorithmics' clients include more than 150 of the world's leading financial institutions. Its Algo Suite of enterprise risk management solutions are in use in 31 countries by over 50 of the 100 largest financial institutions in the world.

©2000 Algorithmics Incorporated. All rights reserved. ALGORITHMICS, ALGO SUITE, MARK-TO-FUTURE, MtF and the Ai logo are trademarks of Algorithmics Incorporated and/or its affiliates.

Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com