CicadaRisk Merged into New RiskGrid Unit Within Investors Guaranty

As predicted in Reference Data Review, October 2006, Investors Guaranty Group has launched a new risk management solutions unit, RiskGrid Technologies, into which the operations and technology of CicadaRisk has been merged. The group is also aligning RiskGrid Technologies within a suite of companies and solutions that comprise its financial services industry vertical. CicadaRisk was originally launched as a joint venture between Algorithmics and Cicada, with strategic investment by Investors Guaranty. The senior management team for the new unit includes Douglas Love of Investors Guaranty and Algorithmics veterans Raj Verma and Sumit Chattopadhyay. The RiskGrid solution incorporates Algorithmics’ risk analysis and pricing models and data management technology from Cicada.