Algorithmics Positioned in Leaders Quadrant for Basel II Solutions Evaluation Based on Completeness of Vision and Ability to Execute.

PR Newswire Europe, September, 2005

TORONTO, Canada, September 23 /PRNewswire/ -- Algorithmics Incorporated, an international leader in enterprise risk management solutions, today announced it has been positioned by Gartner Inc. in the Leaders Quadrant of Gartner's recently released Basel II Solutions Magic Quadrant.(I)

"We believe being positioned within the Leaders Quadrant by Gartner reflects Algorithmics' proven track record in providing practical solutions to the many Basel II implementation challenges that banks are facing, developing innovative products and services for managing both regulatory and economic capital, and delivering a platform that captures and measures credit, market, and operational risk across the enterprise," said Kim Olson,Co-Managing Director, Capital Management...

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