Another day, another M&A deal in the rapidly consolidating software industry. This time, Fimalac SA has acquired Toronto-based Algorithmics for US$175-million. Algorithmics is one of the leading suppliers of risk management software to financial institutions. It will be interesting to see how must Algorithmics' investors get back given the company has raised US$85-million since 2000. This week alone has seen PeopleSoft, Veritas and Algorithmics snapped for more than US$28-billion. As software makers prepare for a return in corporate spending, look for more acquisitions as the bigger players looking to fill holes in their product portfolios.