SS&C announced today that it has entered into an agreement to acquire certain Algorithmics and related assets from #IBM.
Algorithmics provides leading #risk #analytic products and services for the #financialservices industry worldwide.
The addition of Algorithmics will extend SS&C's #riskanalytics and regulatory offering. The acquisition is expected to be completed in the fourth quarter, pending the completion of customary closing conditions.
Run IBM people- worst company to be associated with!
Followers buy others innovations in a sad attempt to stay relevant. Leaders build talented teams and resist the urge to penny pinch so as not to ruin the innovation that makes them relevant. Is ss&c a leader or follower?
No doubt. Is there anything we've bought that we haven't f'ed up. CEO needs to retire already.
Who has confidence that the management knows how to implement and use the tech? If it was creating value for IBM would the have sold? Probably a deal that mgmt was too dumb to realize. If you want to hire our Healthcare leader you buy these algorithms.
Most likely they will throw people that have no idea what they are doing and tell them to figure it out. Oh algorithms are 0s and 1s, let's throw a person managing with a title of digital at it.
It's a trap!