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?
- Forums
- ASX - By Stock
- RZR
- ibm buys algorithmics
ibm buys algorithmics
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RZR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online