M&As spark op risk software shuffle

- By Risk Staff
- 13 Jul 2005

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The first acquisition – Indian software giant i-flex's purchase of Belgium-based software firm Capco's op risk product – was announced on June 21. Capco has had mixed success with the Operational Risk Tool Suite (Ortos), which according to Denis Roman, chief marketing officer, has just six clients worldwide. These include both ABN Amro and Dresdner Bank.

The product was originally developed by Ulrich Anders, former head of op risk at Dresdner Bank, along with German software firm Goetzfried

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