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IBM To Buy Risk Sol Provider For $387M

IBM has agreed to acquire Toronto-based risk solutions provider Algorithmics.

IBM has agreed to acquire Toronto-based risk solutions provider Algorithmics. The U.S. technology company will pay a total of about $387 million for the acquisition.

Post-deal, approximately 900 Algorithmics employees will join IBM’s Software Group. Algorithmics’ risk advisers will assist IBM’s business analytics and optimization practice.

Click here for the release from IBM.

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