Reference deployment package accelerates deployment of Algo Suite 4.4

Toronto, Canada - November 12, 2004 -

Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced the availability of a reference deployment package for Algo Suite Version 4.4 within Algorithmics' in-house solution center, Algo Lab. The reference deployment package is essentially a starter-kit that contains a pre-configured but fully functional version of Algo Suite 4.4 and sample data representative of a typical portfolio. It provides a turnkey starting point during demonstrations and discovery for clients who wish to evaluate the system prior to purchase. It also provides a baseline reference point during development for clients who wish to customize the system with data representative of their own portfolios, pricing models and risk scenarios.

The reference deployment package helps accelerate implementation of Algo Suite 4.4 dramatically. Clients wishing to purchase or upgrade to this latest version can test their own data sets in a controlled environment before going live. The reference deployment package substantially reduces the time and effort required to get from project start to the first meaningful outputs. This approach addresses a key project issue: clients want and need an integrated, comprehensive risk management system -- but most client data resides in silo and legacy systems. In the past, verifying that the new, integrated system was generating meaningful results and reports required linking and integrating all the modules within the Algo Suite. With the reference deployment package, these serial dependencies are reduced.

"The reference deployment package helps clients who aren't familiar with an integrated system to visualize and define their comprehensive risk management system requirements. It helps our teams identify issues and demonstrate progress very early in the project," says Mina Wallace, VP Operations at Algorithmics. "Our clients also benefit by having the option of implementing upgrades in a controlled testing environment that systematically steps them through the process and provides their people with training and support prior to deployment in-house."

The reference deployment package is a key component of Algorithmics' ongoing Appliance Initiative, a long-term strategy to ensure its enterprise risk management software solutions are delivered and supported in the most efficient manner and focused on reducing total cost of ownership.

The reference deployment package integrates all core Algo Suite components. It processes front and back-office data and runs both Mark-to-Market (MtM) and Mark-to-Future (MtF) simulations for both market and credit risk. The package includes market risk, credit limits and portfolio credit risk streams, and demonstrates the functional and technical setup required.

About Algo Lab
Algo Lab is an in-house solutions centre designed to provide visiting clients with unique access to staff experts and technical resources throughout the client engagement life cycle. It is a working lab staffed by a team of financial and integration engineers who build, maintain and distribute "gold standard" implementations for the Algorithmics solutions suite. Headquartered in Toronto, with satellite facilities in key Algorithmics offices around the world, Algo Lab provides a controlled environment for product testing, knowledge transfer and services support.

About Algo Suite
Algorithmics' suite of solutions meets the challenges of today's financial environment with an integrated series of risk management modules that set a new standard in enterprise risk management. Algo Suite is the first software of its kind to provide a consistent, proven platform for the integration of market, credit and operational risk, as well as asset liability and collateral management. By calculating the optimal risk and reward trade-off across the enterprise, Algo Suite enables institutions to realize substantial business benefits, remain competitive, meet regulatory requirements and maximize shareholder value.

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.

©2004 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