Algorithmics Positioned in Leaders Quadrant for Basel II Solutions

Evaluation Based on Completeness of Vision and Ability to Execute

TORONTO, Sept. 23 /CNW/ - Algorithmics Incorporated, an international
leader in enterprise risk management solutions, today announced it has been
positioned by Gartner Inc. in the Leaders Quadrant of Gartner's recently
released Basel II Solutions Magic Quadrant.(x)

"We believe being positioned within the Leaders Quadrant by Gartner
reflects Algorithmics' proven track record in providing practical solutions to
the many Basel II implementation challenges that banks are facing, developing
innovative products and services for managing both regulatory and economic
capital, and delivering a platform that captures and measures credit, market,
and operational risk across the enterprise," said Kim Olson,Co-Managing
Director, Capital Management at Algorithmics.

According to the report, vendors listed in the Leaders Quadrant have a
proven track record in Basel II vision and business investment, which
indicates they are well-positioned for the future. Leaders do not necessarily
offer the best products for every customer project, but they do provide
solutions that offer relatively lower failure risk. Leaders in this market
have paired advanced technology with broad offerings or have specific, rich
functionality.

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