// startup autopsy
Algorithmics
Risk analytics pioneer absorbed by Big Blue
acquisition gone wrongAcqui-hire
Fatal mistake: Algorithmics was acquired by IBM in 2011 and subsequently lost its independent identity as it was absorbed into IBM's enterprise software division and later divested.
Key Events Timeline
FOUNDING
Algorithmics founded in Toronto by Ron Dembo to develop financial risk management software.
PRODUCT LAUNCH
Algorithmics establishes itself as a leading enterprise risk analytics platform used by major global financial institutions.
ACQUISITION ATTEMPT
IBM announces acquisition of Algorithmics for approximately $387M to strengthen its financial services software portfolio.
PIVOT
IBM divests Algorithmics to Fitch Group, ending the brand's independent chapter under IBM ownership.
SHUTDOWN
Algorithmics as an independent entity ceases to exist, fully integrated into Fitch Solutions under Fitch Group ownership.