- SS&C Technologies Holdings announced a definitive agreement in September to acquire Algorithmics, a venerable risk analytics provider owned by IBM since 2011. SS&C, a technology holding company with some 18,000 financial and health care industry clients, said it is gaining more than 250 clients in the deal, along with 350 employees and offices in 25 countries. Applications of Algorithmics' analytics include x-value adjustment (xVA), Fundamental Review of the Trading Book (FRTB), Standardized Approach for Counterparty Credit Risk (SA-CCR), Current Expected Credit Loss (CECL) and Targeted Review of Internal Models (TRIM). "The companies we serve face a rapid pace of regulatory change and increasing need for integrated real-time and predictive analytics," said SS&C chairman and CEO Bill Stone.