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Midas Kapiti International (MKI) and C*ats Software have formed a new company, MKI Risk. The new company will see C*ats's Carma system integrated, and sold, with Midas Kapiti's Global Manager/Risk Vision (GMRV) system. The resulting organization will offer financial institutions what they say is a best-ofbreed solution for integrated risk measurement and global limits management.
Initially launched in London and then New York, the whole deal was pushed through with an efficiency uncommon in the technology-vendor environment. Within four weeks of agreeing the deal, the companies had formed a new corporate branding and had planned most of the integration work that needs to be done on the systems. Says one source: "If only software solutions could be implemented quite as quickly."
Rod Beckstrom, founder of C*ats and chairman of MKIRisk, says: "The integration of the Carma engine for integrated market and credit risk analytics with GMRV limits management system addresses the most widely understood and demanded requirement of financial institution risk managers - the need to measure, monitor and administer risk-taking worldwide."
Rupert Soames, president of the new company and formerly chief executive officer of Midas Kapiti, says: "I think clients' view...