SimCorp
Danish company
From Wikipedia, the free encyclopedia
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.[1] Founded in 1971, it has over 3000 employees.[2]
| |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Financial software |
| Founded | 1971 |
| Headquarters | , |
Number of locations | 20 |
Key people | |
| Products | SimCorp Dimension, SimCorp Coric, SimCorp Gain, SimCorp Sofia, and SimCorp One |
| Revenue | €382.6 million[1] (2018) |
| €103 million[1] (2018) | |
| €77 million[1] (2018) | |
| Total equity | DKK 20.23 billion[1] (2018) |
Number of employees | c. 3,100 (2024) |
| Parent | Deutsche Börse Group |
| Website | simcorp |
SimCorp is headquartered in Copenhagen and has offices in over 35 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.[8]
- 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.[9]