SimCorp

Danish company
  • Christian Kromann (CEO)
  • Peter Schütze (Chairman)
ProductsSimCorp Dimension, SimCorp Coric, SimCorp Gain, and SimCorp SofiaRevenue€382.6 million[1] (2018)€103 million[1] (2018)
Net income
€77 million[1] (2018)Total equityDKK 20.23 billion[1] (2018)Owner
Number of employees
c. 3,100 (2024)

SimCorp A/S is a Danish company providing software and services to financial institutions such as asset managers, banks, central banks, pension funds, sovereign wealth funds and insurance companies worldwide.[1] Founded in 1971, it has over 3000 employees.[2]

SimCorp is headquartered in Copenhagen and has offices in over 20 locations throughout Europe, Asia, and North America.[3] Listed on the Nasdaq Copenhagen exchange until 2023, its core product is the SimCorp Dimension,[4][5][6] a front to back integrated investment management system[3] used by more than 190 clients around the world.

In 2023, stock exchange operator Deutsche Börse agreed to buy SimCorp for €3.9 billion.[2] On November 9, Deutsche Börse announced that it had completed the purchase of the company.[7]

Acquisitions

Over the years, SimCorp has acquired several companies:

  • Equipos, now SimCorp Coric, was acquired in 2014 and offers client reporting software.
  • APL Italiana, now SimCorp Italiana, was acquired in 2017 and provides integrated investment management software for the Italian insurance market.
  • AIM Software, now SimCorp Gain, was acquired in 2019 and focuses on enterprise data management software for the buy side.

References

  1. ^ a b c d e "Nasdaq Company Fact Sheet". Nasdaq Nordic. Nasdaq. 2 June 2018. Retrieved 2 June 2018.
  2. ^ a b Farr, Emma-Victoria; Masoni, Danilo (27 April 2023). "Deutsche Boerse offers $4.3 billion for Denmark's SimCorp". Reuters.
  3. ^ a b "SimCorp". InformationWeek Bank Systems and Technology. UBM plc. Retrieved 1 June 2018.
  4. ^ "FTF News Unveils Winners of 2018 FTF Awards". FTF News. Financial Technologies Forum LLC. Retrieved 1 June 2018.
  5. ^ Victor Anderson (4 December 2017). "Buy-Side Technology Awards 2017 Winners' Circle: SimCorp Dimension—Sweeping All Before It". waterstechnology. Infopro Digital Services Limited. Retrieved 1 June 2018.
  6. ^ "Funds Europe Awards 2015". funds europe. Funds-Europe.com. Retrieved 1 June 2018.
  7. ^ "Deutsche Börse AG successfully completes takeover of SimCorp A/S". Plesner. Retrieved 2023-12-13.