Fitch to buy Algorithmics

Algorithmics’ Algo Suite product includes Algo Energy, which provides energy companies with a platform for measuring and managing physical and financial risk across all product classes.

Fitch said the acquisition complements its core credit ratings business and extends quantitative capabilities, and strengthens Algorithmics’ ability to invest in product development and expand its geographic reach.

Michael Zerbs, president and chief operating officer of Algorithmics, said: “By teaming up with Fitch

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