SimCorp

SimCorp A/S

Company type	Subsidiary
Industry	Financial software
Founded	1971; 54 years ago (1971)
Headquarters	Copenhagen , Denmark
Number of locations	20
Key people	Christian Kromann (CEO) Peter Schütze (Chairman)
Products	SimCorp Dimension, SimCorp Coric, SimCorp Gain, SimCorp Sofia, and SimCorp One
Revenue	€382.6 million[1] (2018)
Operating income	€103 million[1] (2018)
Net income	€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.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.[1] Founded in 1971, it has over 3000 employees.[2]

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]

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.