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SimCorp

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Danish company
SimCorp A/S
Company typeSubsidiary
IndustryFinancial software
Founded1971; 53 years ago (1971)
HeadquartersCopenhagen, Denmark
Number of locations20
Key people
ProductsSimCorp Dimension, SimCorp Coric, SimCorp Gain, SimCorp Sofia, and SimCorp One
Revenue€382.6 million (2018)
Operating income€103 million (2018)
Net income€77 million (2018)
Total equityDKK 20.23 billion (2018)
Number of employeesc. 3,100 (2024)
ParentDeutsche Börse Group
Websitesimcorp.com

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

SimCorp is headquartered in Copenhagen and has offices in over 35 locations throughout Europe, Asia, and North America. Listed on the Nasdaq Copenhagen exchange until 2023, its core product is the SimCorp Dimension, a front to back integrated investment management system used by more than 190 clients around the world.

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

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.
  • Axioma Inc., was acquired in 2023 and provides factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions.

References

  1. ^ "Nasdaq Company Fact Sheet". Nasdaq Nordic. Nasdaq. 2 June 2018. Retrieved 2 June 2018.
  2. ^ Farr, Emma-Victoria; Masoni, Danilo (27 April 2023). "Deutsche Boerse offers $4.3 billion for Denmark's SimCorp". Reuters.
  3. ^ "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.
  8. Staff, Verdict (2014-02-26). "SimCorp acquires reporting software developer Equipos". Private Banker International. Retrieved 2024-10-03.
  9. "DSimCorp merges with well-known risk management provider". Retrieved 2024-11-22.
Denmark OMX Copenhagen 25 companies of Denmark (December 2023)
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