Through the agreement, Investors Guaranty companies are developing solutions that leverage Algorithmics' software and carry the "Powered by Algorithmics" brand. Algorithmics is also strengthening its long-term support agreement with Investors Guaranty, thereby reinforcing the rigorous commitment to customer service that the partners share. The solutions are targeted at a number of markets, including asset management, insurance, and municipal bonds.

"We were happy to work with Algorithmics, a clear leader in its market space, and to adapt our partnership to meet the evolving business objectives of all parties," says Douglas L. King, Chairman, Investors Guaranty Group. "Recent hedge fund losses underscore the need and demand for best-practice risk management solutions. We are looking forward to our continued and mutually-beneficial relationship with Algorithmics, which helps us collectively meet the needs of our customers for best-of-breed risk management solutions."

"We are pleased to see Investors Guaranty develop solutions that are 'Powered by Algorithmics'. Our agreement allows our underlying technology to reach a wider market of prospective customers," said Dr. Michael Zerbs, Algorithmics' President and COO.