Algorithmics Recognized Among Canada's Top 100 Employers

Toronto, Canada - October 17, 2006 -

Algorithmics, a world leader in enterprise risk management solutions, today announced that Algorithmics has been recognized as one of Canada's Top 100 Employers. Algorithmics was also acknowledged within the survey as one of Greater Toronto's Top 50 Employers.

The Top 100 Employers list is compiled annually by Mediacorp Canada Inc. and profiles organizations that are the leaders in their fields in attracting and retaining high quality employees. Mediacorp grades organizations in many areas, including: physical workplace; work atmosphere and social; health, financial and family benefits; vacation and time off; employee communications; performance management; and training and skills development.

"We are honoured to once again be recognized as one of Canada's Top 100 Employers," said Deborah Troister, Vice President of Human Resources at Algorithmics. "Our people are our most valuable asset and they are critical to our leadership in global risk management. In this highly competitive job market we're proud to offer an attractive, balanced work experience."

About Algorithmics
Founded in 1989, Algorithmics is recognized as the world's leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk. Algorithmics has over 300 clients, including more than 70 of the 100 largest financial institutions in the world. Algorithmics was voted as the leading enterprise risk solution provider for Basel II, market risk, credit risk, operational risk and collateral management in Risk magazine's 2005 Technology Rankings. Algorithmics is a member of the Fitch Group.

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

© 2006 ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com