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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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IBM Global Parking Survey: Drivers Share Worldwide Parking Woes

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ARMONK, N.Y., – 28 Sep 2011:

• 8,042 commuters in 20 cities on six continents surveyed

• Parking elusive worldwide; Over half report abandoning search for parking spot

• Chicago reports the least amount of tickets for illegal parking; Bangalore tops the list

• Drivers in New Delhi, Bangalore, Nairobi and Milan argue most over parking spaces

IBM’s first parking survey released today found that drivers in 20 international cities face a daily struggle in finding a parking space. In the past year, nearly six out of 10 drivers have abandoned their search for a space at least once, and more than a quarter have gotten into an argument with a fellow motorist over a parking space (more…)

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