Analyse this: IBM punts off algorithm risk biz

Financial specialist SS&C is buying a lot of assets from IBM's risk algorithms, as Big Blue continues to download areas of business that he considers nonessential.

The agreement was not priced, but since it involves 350 employees, offices in 25 countries and 200 clients, it must be a reasonable amount of money that exchanged hands. Clients include banks, brokers, hedge and equity funds and asset managers.

IBM originally purchased the Toronto-based Algorithmics analysis products in 2011 for $ 387 million.

SS&C specializes in most flavors of financial services, including asset management, wealth management, insurance and alternative investments.

The current agreement is a definitive agreement to purchase "Algorithms and related assets of IBM". The cloud-based system allows customers to better deal with risk analysis and the changes required by changing regulations. SS&C believes that it will integrate the new lines with its other services.

Big Blue is juggling the package right now and promises to focus more on its most profitable and fastest growing areas.

  Boss snapping in the office, the solution now and quickly

Now you see them … IBM made more than 800 jobs disappear in the United Kingdom in 2018 despite improving fortunes


The crunchy tech titan will also need all of its corporate concentration to ensure that the massive $ 34 billion purchase of open source giant Red Hat, which officially closed in July, brings benefits to the bottom line and does not cause a case of corporate indigestion .

The suggestions that Big Blue really didn't know what he bought when he picked up Red Hat were not helped by leaking a memo trying to make those annoying open source kids speak Big Blue buzzwords.

The change in form at IBM has also included the sale of some unloved assets such as Notes and Domino that went to HCL for $ 1.8 bn at the end of last year.

Not to suggest that this was just IBM whipping out obsolete assets: HCL believes it is having an addressable market of more than $ 50 billion in the deal.

Kate Hanaghan, director of research at TechMarketView, said that buying in new areas and selling legacy are part of IBM's recovery plan.

"The point is that IBM has to make some decisions about where to place its bets and sink its investment. Disinvestments are crucial and will undoubtedly continue, as well as acquisitions."

The CEO, president and president of IBM, Ginni Rometty, took the hot seat in 2011 when revenues reached $ 106.9 billion. At the end of 2018, revenues were $ 79.6 billion. ®

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