Algorithmics recognized for enterprise-wide risk management across all risk types in 2008 Risk Magazine Technology Rankings

Toronto, London - December 10, 2008 -

Algorithmics was voted the number one risk management vendor again, receiving more first places in the risk categories than any other vendor in the latest Risk Magazine Technology Rankings. In addition, for every one of the six enterprise risk categories - market, credit, integrated market and credit, Basel II and operational risk - Algorithmics was voted in first or second place. At a time when enterprise risk management is being heralded as one of the solutions to the current crisis, this is important recognition of a firm that has always taken an enterprise approach to risk management.

Risk Magazine's annual rankings are based on a poll of end users of risk management software products, who vote for the technology vendors they believe provide the best risk management solutions.

Clive Davidson, contributing editor at Risk, said: "The past 18 months has proved to be the ultimate stress test for many aspects of financial services, including the technology on which many of the deals are done and which performs the calculation of exposures and losses ... In these testing circumstances ... Algorithmics has maintained its lead in enterprise risk management."

Michael Zerbs, President and COO of Algorithmics, said: "I am very pleased that our clients have shown their satisfaction with our solutions by voting us top vendor in all of the risk categories assessed, and within the top two in all the enterprise risk categories covered.

"The current crisis reinforces several principles that have always been at the heart of our innovation strategy and product direction - namely that mechanical, silo-based risk management doesn't work. In contrast, the ability to take a comprehensive and holistic enterprise view of market, credit, liquidity and operational risk and to understand the linkages and dependencies among those risk categories, has become an essential underpinning of effective risk management. We are delighted to have been recognized for our enterprise risk management expertise in these rankings.

"We will continue our commitment to innovation and R&D, something for which we, together with our clients, have won several prestigious awards this year. Our innovative solutions are delivered in strong and ongoing partnerships with our clients that often go far beyond the initial implementation to ensure their risk management solutions provide tangible business benefits and evolve with their business needs and challenges."

For more information about Algorithmics' award winning and patented solutions, visit: www.algorithmics.com

For further information please contact:
Heather Smith
Senior Communications Manager, Algorithmics (UK) Ltd
Direct line +44 (0) 20 7392 5820
Mobile +44 (0) 7515 974223
E-mail Heather.smith@algorithmics.com

Notes to Editors:
Algorithmics is the world's leading provider of risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group. www.algorithmics.com

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings' global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com www.algorithmics.com and www.fimalac.com  

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