Algorithmics Named in FinTech 100 Rankings of the Top Financial Industry Technology Vendors

Toronto, Canada - November 10, 2005 -

Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced that the company has been ranked as one of the top 100 financial industry technology vendors in the second annual FinTech 100 rankings as published by American Banker and Financial Insights. Algorithmics placed number 60 in this year's rankings.

American Banker, SourceMedia's flagship publication for banking and financial services professionals, and global independent advisory firm Financial Insights, an IDC Company, publish the annual ranking of the hardware, software and services providers within the financial services industry. The rankings are based on fiscal year end revenues and the percentage of revenues attributed to financial services.

"With over 200 global clients, Algorithmics is committed to delivering a comprehensive set of risk management solutions, services, data and advisory that meet the needs of our clients in the financial services industry," says Michael Zerbs, president and chief operating officer at Algorithmics. "Our ranking in the FinTech 100 illustrates the exceptional level of success we've had in this sector over the past year."

About Algorithmics
Founded in 1989, Algorithmics is a recognized leader in enterprise risk management. Following its acquisition by the Fitch Group in January 2005, Algorithmics is 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 was recently recognized as the dominant enterprise risk solution provider in market, credit and operational risk in Risk Magazine's 2004 Technology Rankings. www.algorithmics.com

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a wholly owned subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

© 2005 ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

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