SimCorp explained

SimCorp A/S
Type:Public
Industry:Financial software
Predecessors:-->
Successors:-->
Founders:-->
Hq Location City:Copenhagen
Hq Location Country:Denmark
Num Locations:20
Areas Served:-->
Products:SimCorp Dimension, SimCorp Coric, SimCorp Gain, and SimCorp Sofia
Revenue:382.6 million
Revenue Year:2018
Operating Income:€103 million
Income Year:2018
Net Income:€77 million
Net Income Year:2018
Equity:DKK 20.23 billion
Equity Year:2018
Num Employees Year: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.

SimCorp is headquartered in Copenhagen and has offices in over 20 locations throughout Europe, Asia, and North America. Listed on the Nasdaq Copenhagen exchange until 2023, its core product is the SimCorp Dimension,[2] [3] [4] a front to back integrated investment management system[5] used by more than 190 clients around the world.

In 2023, stock exchange operator Deutsche Börse agreed to buy SimCorp for .[6] 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:

Notes and References

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