About Algorithmics
Algorithmics is a company based in Toronto (Canada) founded in 1989 was acquired by SS&C in December 2019. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. Algorithmics offers products and services including SS&C Algorithmics HiPER Risk Engine, SS&C Algorithmics for Asset Management, SS&C Algorithmics for Banking, and SS&C Algorithmics for Insurance. Algorithmics operates in a competitive market with competitors including Socure, Alloy, BioCatch, Middesk and Ncontracts, among others.
- Headquarter Toronto, Canada
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Ss&C Technologies, Inc.
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Products & Services of Algorithmics
Algorithmics offers a comprehensive portfolio of products and services, including SS&C Algorithmics HiPER Risk Engine, SS&C Algorithmics for Asset Management, SS&C Algorithmics for Banking, and SS&C Algorithmics for Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-performance risk simulation engine for financial calculations.
Integrated solution for market, credit, liquidity risks.
Platform managing market, credit, liquidity risks effectively.
Integrated risk management for insurers and portfolios.
Funding Insights of Algorithmics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Algorithmics
Algorithmics has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include IBM, Fitch Ratings and SS&C. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud-based software is provided for investment management firms.
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Credit ratings and global financial data are aggregated for investors.
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Hybrid cloud and DevOps automation are delivered to enterprises.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algorithmics
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algorithmics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algorithmics Comparisons
Competitors of Algorithmics
Algorithmics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Socure, Alloy, BioCatch, Middesk and Ncontracts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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Identity decisioning platform is provided for banks and fintech firms.
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Provider of behavioral biometrics cybersecurity solutions
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| domain | founded_year | HQ Location |
Risk management solutions for financial institutions are offered.
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| domain | founded_year | HQ Location |
Integrated risk and compliance solutions are offered for financial institutions.
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| domain | founded_year | HQ Location |
Cloud based payment automation and cash management solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Algorithmics
When was Algorithmics founded?
Algorithmics was founded in 1989.
Where is Algorithmics located?
Algorithmics is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does Algorithmics do?
Algorithmics, a division of SSC Technologies, Inc., is dedicated to providing advanced financial risk management and regulatory capital solutions. Services are offered to banks, insurance companies, and asset management firms through integrated platforms. Solutions include market, credit, and liquidity risk management, supported by cutting-edge technology like the HiPER Risk Engine. Operations span multiple industries such as banking, insurance, and wealth management, with deployment options including on-premise, cloud, and managed services. Partnerships with entities like CLIMAFIN and Riskthinking.AI enhance offerings in climate financial risk assessment.
Who are the top competitors of Algorithmics?
What products or services does Algorithmics offer?
Algorithmics offers SS&C Algorithmics HiPER Risk Engine, SS&C Algorithmics for Asset Management, SS&C Algorithmics for Banking, and SS&C Algorithmics for Insurance.
Who are Algorithmics's investors?
Algorithmics has 3 investors. Key investors include IBM, Fitch Ratings, and SS&C.
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