BMO Selects Armanta's Risk Analytics Software

TORONTO, Nov. 20, 2013 /CNW/ - Armanta Corporation today announced an agreement with BMO Financial Group for Armanta to provide its advanced analytics software to BMO. Armanta is a platform that can deliver an integrated and comprehensive solution for dynamic risk analysis, reporting, what-if scenarios, visualization and interactivity, incorporating trading and counterparty information as the basis for analysis.

"In an increasingly complex environment, an improved ability to analyze and act on enterprise-wide risk in current time provides us with even more confidence in our profile and a competitive advantage," said Nico Meijer, Head of Market Risk & Chief Risk Officer, BMO Capital Markets.

"Financial services and other industries are under increasing pressure to rapidly understand, analyze, and respond to market and competitive conditions," said Peter Chirlian, Armanta CEO. "Enterprises now demand dynamic, scalable approaches that enable them to know where they stand so they can make more informed decisions, based on true analysis as opposed to simply reporting. We appreciate the confidence BMO has placed in our approach."

About Armanta Corporation

Founded in 2001 Armanta delivers and deploys enterprise software, addressing analytic challenges so that applications, calculations, and analysis and reporting serve the global enterprise and manager needs in current time. With significant experience in rapidly deploying analytic solutions to its enterprise customers, Armanta focuses on information-intensive industries including: financial services; media and communications; health sciences; retail; manufacturing/supply chain; utilities; and government.

SOURCE: Armanta Corporation

For further information:

For Armanta: Terrence Mulry, 917.860.8137

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Armanta Corporation

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