RZR razor risk technologies limited

ibm buys algorithmics

  1. 40 Posts.
    Check out:

    http://www.reuters.com/article/2011/09/01/us-algorithmics-ibm-idUSTRE78012G20110901

    IBM seems to have purchased Algorithmics from Fitch Ratings for $375m, who bought the company in 2004 for $175m. Algorithmics are one of the main competitors that Razor faces when trying to win credit exposure or market risk business in the banks. Algorithmics has a current revenue of $163.7m in the past financial year, about 16 times that in Razor's most recent end of year report (about $10m). A very simplistic ratio analysis would therefore value Razor at around $22m. Trading at 1.4c, with 290m shares issued, the current market cap is around $4m. There is also the potential takeover premium if a large competitor to IBM, or Markit, who recently purchased another Razor competitor, Quic, decided they wanted a suite of risk analytics.

    Anyone know what Quic's revenue was when they were bought? Anyone know how much Markit paid for Quic?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.