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]
 | |
 | |
| Company type | Public |
|---|---|
| Nasdaq Copenhagen: SIM | |
| Industry | Financial software |
| Founded | 1971 |
| Headquarters | , |
Number of locations | 20 |
Key people | |
| Products | SimCorp Dimension, SimCorp Coric, SimCorp Gain, and SimCorp Sofia |
| Revenue | €382.6 million[1] (2018) |
| €103 million[1] (2018) | |
| €77 million[1] (2018) | |
| Total equity | DKK 20.23 billion[1] (2018) |
| Owner |
|
Number of employees | c. 3,100 (2024) |
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 edit
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 edit
- ^ a b c d e "Nasdaq Company Fact Sheet". Nasdaq Nordic. Nasdaq. 2 June 2018. Retrieved 2 June 2018.
- ^ a b Farr, Emma-Victoria; Masoni, Danilo (27 April 2023). "Deutsche Boerse offers $4.3 billion for Denmark's SimCorp". Reuters.
- ^ a b "SimCorp". InformationWeek Bank Systems and Technology. UBM plc. Retrieved 1 June 2018.
- ^ "FTF News Unveils Winners of 2018 FTF Awards". FTF News. Financial Technologies Forum LLC. Retrieved 1 June 2018.
- ^ 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.
- ^ "Funds Europe Awards 2015". funds europe. Funds-Europe.com. Retrieved 1 June 2018.
- ^ "Deutsche Börse AG successfully completes takeover of SimCorp A/S". Plesner. Retrieved 2023-12-13.