Tag Archives: financial services industry

Small and midsize companies in the cloud reap security, privacy and reliability benefits

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Microsoft study shows 94 percent of small and midsize companies gain security advantages — contradicting perceptions that hold others back from adoption.

REDMOND, Wash. — June 11, 2013 — A study released today reveals that, in addition to time and cost savings, small and midsize businesses (SMBs) in the U.S. that use a cloud service gain significant security, privacy and reliability advantages compared with companies that have not adopted the cloud. The study, commissioned by Microsoft Corp., shows that perceptions of the cloud held by nonusers directly contrast with the real experiences of cloud adopters. (more…)

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IBM Completes Acquisition of Algorithmics

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ARMONK, N.Y. – 21 Oct 2011: IBM today announced the closing of its acquisition of Algorithmics. The acquisition expands IBM’s business analytics capabilities in the area of financial risk. Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The purchase price is $380.2 million

Algorithmics’ capabilities, combined with IBM’s recent acquisition of OpenPages, gives clients a full array of financial and operational risk technology offerings and services to help with these challenges. The ability to gain granular insight into financial risks in advance provides businesses with critical information vital to their operations. (more…)

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