SimCorp
Encyclopedia
SimCorp is a Danish
company that provides specialised software and financial expertise for the investment management industry. Its clients include banks and central banks, mortgage lenders, portfolio/investment managers, insurance companies, pension funds, mutual funds, securities and commodities brokers.
, SimCorp has subsidiaries throughout the Nordic
region as well as in Europe, North America and Asia Pacific. SimCorp has approximately 1,100 employees, and is listed on the NASDAQ OMX Nordic Exchange
.
Below is a timeline of when the different subsidiaries were established;
Other important dates;
Members of the SimCorp Board of Directors;
Subsidiary Managers
, DST Systems Inc.
, Linedata Services
, Charles River Development (CRD), Fidessa
LatentZero (LZ), SunGard
and Profidata Group.
specialist Solutionforge. The acquisition meant that it opened the way for SimCorp to embed Solutionforge's FIX.NET server and FIX.NET trader technology into SimCorp's own investment management software, and this in turn strengthened SimCorp's trading knowledge base. Following the acquisition, three members of the Solutionforge board took management roles within SimCorp, Matthew Reid and Vince Avery within Front Office product development, and Steve Wilkinson as lead system architect for SimCorp Dimension. Reid subsequently took global responsibility for managing the Trading Domain within SimCorp; Wilkinson left at the end of 2009 to start a new venture, Cornerstone Technology.
German Partners
UK Partners
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
company that provides specialised software and financial expertise for the investment management industry. Its clients include banks and central banks, mortgage lenders, portfolio/investment managers, insurance companies, pension funds, mutual funds, securities and commodities brokers.
History
Founded in 1971 and headquartered in DenmarkDenmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
, SimCorp has subsidiaries throughout the Nordic
Nordic countries
The Nordic countries make up a region in Northern Europe and the North Atlantic which consists of Denmark, Finland, Iceland, Norway and Sweden and their associated territories, the Faroe Islands, Greenland and Åland...
region as well as in Europe, North America and Asia Pacific. SimCorp has approximately 1,100 employees, and is listed on the NASDAQ OMX Nordic Exchange
NASDAQ OMX Group
NASDAQ OMX Group, Inc. is a United States public company that owns and operates the NASDAQ stock market and eight European stock exchanges in Armenia plus the Nordic and Baltic regions under the OMX banner...
.
Below is a timeline of when the different subsidiaries were established;
- 2010: SimCorp Luxembourg, Canada
- 2009: SimCorp France
- 2008: SimCorp Ukraine
- 2007: SimCorp Austria
- 2004: SimCorp Singapore
- 2001: SimCorp Asia, Switzerland
- 2000: SimCorp USA
- 1999: SimCorp Benelux, Sweden
- 1998: SimCorp Norway
- 1989: SimCorp GmbH
- 1986: SimCorp Ltd
- 1971: SimCorp founded
Other important dates;
- 2007: SimCorp sells the IT2 business to focus entirely on enterprise solution SimCorp Dimension
- 2005: SimCorp acquires Solutionforge Ltd to boost its front office offering
- 2003: TMS2000 changes its name to SimCorp Dimension
- 2000: Initial public offeringInitial public offeringAn initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
- 1999: Acquisition of BA Swallow Business Systems Ltd.
- 1996: First TMS2000 customers
- 1995: Standard SoftwareComputer softwareComputer software, or just software, is a collection of computer programs and related data that provide the instructions for telling a computer what to do and how to do it....
Strategy formulated
Management
Jesper Brandgaard is the chairman of the board of directors, and has been since 2008. The executive management board consists of the following;- Peter L. Ravn : CEO
- Georg Hetrodt : Chief Technology Officer, Executive Vice President
- Torben Munch : Chief Operating Officer, Executive Vice President
- Thomas Johansen : Chief Financial Officer, Executive Vice President
Members of the SimCorp Board of Directors;
- Carl Christian Ægidius
- Hervé Couturier
- Simon Jeffreys
- Jacob Goltermann (employee-elected)
- Raymond John (employee-elected)
Subsidiary Managers
- Arnt S. Eilertsen: Senior Vice President in SimCorp Nordic
- Jochen Müller: Senior Vice President in SimCorp Central Europe
- Troels Philip Jensen: Senior Vice President in SimCorp Western Europe
- Klaus Andersen: Managing Director in SimCorp Ltd.
- David Kubersky: Senior Vice President in SimCorp North America
- Peter Hill: Senior Vice President, SimCorp Asia Pty. Ltd.
Competition
SimCorp's main competitors include SS&C TechnologiesSS&C Technologies
SS&C Technologies Inc. is a specialized software provider to the global financial services industry. SS&C began in Windsor, Connecticut, 1986 and now has more than 1,400 employees worldwide, operating throughout North America, Europe, Asia Pacific, and Australia.SS&C has a particular focus on fund...
, DST Systems Inc.
DST Systems
DST Systems Inc. is a software development firm that specializes in information processing and management, with the goal of improving efficiency, productivity, and customer service...
, Linedata Services
Linedata Services
Linedata is a company targeting customers in the Investment Management and Credit industries. In 2006, Linedata’s 15 financial software applications were being used by approximately 1,000 institutions across five continents...
, Charles River Development (CRD), Fidessa
Fidessa
Fidessa Group plc is a British-headquartered company which provides software and services such as trading systems to clients in the financial services sector...
LatentZero (LZ), SunGard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...
and Profidata Group.
Financials
On 28 February 2011, SimCorp released its financial results for 2010. SimCorp generated revenue of EUR 185m (DKK 1.38bn) in 2010, an increase of EUR 5m or 3% compared with the previous year. SimCorp posted EBIT of EUR 35.2m (DKK 262m). The EBIT margin was 19%. Profit after tax and discontinued operations was EUR 24.4m.Acquisitions
On September 20 2005, SimCorp bought control of FIX protocolFIX protocol
The Financial Information eXchange protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets...
specialist Solutionforge. The acquisition meant that it opened the way for SimCorp to embed Solutionforge's FIX.NET server and FIX.NET trader technology into SimCorp's own investment management software, and this in turn strengthened SimCorp's trading knowledge base. Following the acquisition, three members of the Solutionforge board took management roles within SimCorp, Matthew Reid and Vince Avery within Front Office product development, and Steve Wilkinson as lead system architect for SimCorp Dimension. Reid subsequently took global responsibility for managing the Trading Domain within SimCorp; Wilkinson left at the end of 2009 to start a new venture, Cornerstone Technology.
Implementation Partners
SimCorp has only 5 exclusive Implementation Partners, 3 in Germany and 2 in the UK.German Partners
- FSC - FSC Financial Software Consultants GmbH
- Neox - Neox Aktiengesellschaft für Informationstechnologie
- Preyer - Preyer GmbH
UK Partners
External links
- SimCorp - Official SimCorp corporate Website
- SolutionForge - Official SolutionForge Website
- Cornerstone - Official Cornerstone Technology Website