M&A Deal Summary

IBM Acquires Algorithmics

On September 1, 2011, IBM acquired software company Algorithmics from Fitch Group for 387M USD

Acquisition Highlights
  • This is IBM’s 73rd transaction in the Software sector.
  • This is IBM’s 24th largest (disclosed) transaction.
  • This is IBM’s 10th transaction in Canada.
  • This is IBM’s 8th transaction in Ontario.

M&A Deal Summary
Date 2011-09-01
Target Algorithmics
Sector Software
Buyer(s) IBM
Sellers(s) Fitch Group
Deal Type Divestiture
Deal Value 387M USD

Target

Algorithmics

Toronto, Ontario, Canada
Algorithmics, Inc. is a risk analytics software firm.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States
Category Company
Founded 1911
Sector Information Technology
Employees282,200
Revenue 61.9B USD (2023)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 106 of 198
Sector (Software) 73 of 109
Type (Divestiture) 12 of 19
State (Ontario) 8 of 10
Country (Canada) 10 of 13
Year (2011) 2 of 8
Size (of disclosed) 24 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-22 TRIRIGA

Las Vegas, Nevada, United States

TRIRIGA, Inc. is a provider of facility and real estate management software solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 Q1 Labs

Waltham, Massachusetts, United States

Q1 Labs, Inc. is a provider of security intelligence software.

Buy -

Seller(S) 1

SELLER

Fitch Group

New York, New York, United States
Category Company
Sector Information Services
DESCRIPTION

Fitch Group is a provider of financial information services. Fitch Group is comprised of: Fitch Ratings, a global provider of credit ratings and research; Fitch Solutions, a provider of credit market data, analytical tools and risk services; Fitch Learning, a provider of learning and development solutions for the global financial services industry; and Business Monitor International, a provider of country risk and industry analysis specializing in emerging and frontier markets.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-25 Algorithmics

Toronto, Ontario, Canada

Algorithmics, Inc. is a risk analytics software firm.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 7city Group

London, United Kingdom

7city Group Ltd. is a global training provider primarily servicing the financial services industry.

Buy -
Mergr

Product

Company

Legal