November 20, 2013 - 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."