Investors Guaranty rebrands CicadaRisk as RiskGrid Technologies
Investors Guaranty Group has announced the launch of a new brand and risk management solutions unit, RiskGrid Technologies.
As part of the move, Investors Guaranty is merging the operations and technology of risk management solutions provider CicadaRisk into the new brand. The Group is also aligning RiskGrid Technologies within a suite of companies and solutions that comprise the Group's financial services industry vertical.
CicadaRisk was originally launched as a joint venture between Algorithmics and Cicada, with strategic investment by Investors Guaranty. The company and its flagship product RiskGrid, along with related services, will now be marketed on an ongoing basis under the RiskGrid Technologies brand.
RiskGrid is a framework for risk management and compliance solutions, tailored to the requirements of asset management firms, hedge funds, pensions and endowments, investment consultants and insurance companies. It incorporates the advantages of Algorithmics' award-winning risk analysis and pricing models, along with proven data management technology from Cicada.
RiskGrid is designed to address risk management, performance attribution and compliance in a consistent, integrated enterprise framework. RiskGrid 2.0, released in October, features a new dashboard view, designed to help provide senior management with a high-level enterprise view of risk. (12 December 2006)
