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Algorithmics Inc.

Société Générale Realizes Enhanced Performance Running Algo Suite on Linux

Toronto, Canada (ots/PRNewswire)

Algorithmics Incorporated, a
recognized leader in enterprise risk  management, today announced
that Société Générale, one of the largest  financial services groups
in the euro-zone, has achieved significant  performance benefits
through its Linux-based Algo Credit solution.
"The benefits of running our Algorithmics solution on Linux are
tremendous. In addition to the improved performance and scalability,
we  have experienced reduced hardware, services and implementation
costs," says  Pierre Gaye, deputy head of capital markets in the risk
division at Société  Générale.
A long-term client of Algorithmics using Algo Credit on the
Mark-to-  Future framework, Société Générale uses Algo Credit's
ability to forecast  the mark-to-market values of deals in the
portfolio at a given time horizon  in the future. From these
distributions, the bank can calculate a variety  of risk indicators,
such as potential future exposures for different  confidence levels.
Société Générale is now simulating approximately half of  the
financial instruments within its credit exposure book on a
Linux-based  architecture, significantly enhancing the performance of
the bank's Algo  Credit implementation. Running half of the financial
instruments on a grid  of HP Proliant DL360 G4s with dual Intel Xeon
3.6GHz processors, Société  Générale has achieved a 33% performance
increase on their entire portfolio.  The final performance gain will
be even higher when Société Générale moves  the remaining credit
exposure simulations to Linux over the coming months.  The time
savings will allow Société Générale to calculate more accurate
credit exposures within the overnight batch window by allowing the
bank to  add more scenarios to the simulation.
Algo Suite on Linux makes it possible for simulations to be spread
across multiple CPUs on multiple machines. After the implementation
is  complete, the solution scales easily and allows clients to add
additional  computing resources without further implementation or
configuration work  required, thereby reducing the total cost of
ownership.
"Société Générale's Linux-ported Algo Credit solution is an
important  part of its best practice approach to enterprise risk
management,  delivering the risk information the bank needs to
proactively advance its  business," said Michael Zerbs, Algorithmics'
President and Chief Operating  Officer. "The bank's success is
indicative of the enhancements in  performance, scalability,
reliability and ownership cost reduction in total  hardware costs
delivered by the platform."
About Algorithmics
Founded in 1989, Algorithmics is a recognized leader in enterprise
risk  management. Following its acquisition by the Fitch Group in
January 2005,  Algorithmics is the world's leading provider of
enterprise risk management  solutions and services that enable
financial institutions to effectively  understand and manage their
financial risk. Algorithmics has over 200  clients, including more
than 60 of the 100 largest financial institutions  in the world.
Algorithmics was recently recognized as the dominant  enterprise risk
solution provider in market, credit and operational risk in  Risk
Magazine's 2004 Technology Rankings.
About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading
global  rating agency committed to providing the world's credit
markets with  accurate, timely and prospective credit opinions. Fitch
Ratings is dual- headquartered in New York and London, operating
offices and joint ventures  in more than 50 locations and covering
entities in more than 80 countries.  Fitch Group is a wholly owned
subsidiary of Fimalac, S.A., an international  business support
services group listed and headquartered in Paris, France.
ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL,
ALGO  COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO
RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

Contact:

For further information: Kevin Ellis, Senior Manager Communications,
Algorithmics, +1-(416)-217-4321, kellies@algorithmics.com,
www.algorithmics.com