SimCorp: Integrated Solutions That Reduce Cost, Mitigate Risk and Enable Growth

Nov 4 2015 | 9:08pm ET

Founded in 1971 and located in Copenhagen, SimCorp is certainly not your typical fintech company. But its flagship product, SimCorp Dimension, is well known on trading desks and buyside firms around the world as a comprehensive, modular suite of state-of-the-art solutions that address specific investment management functions, from portfolio management to compliance and IBOR. Moreover, Dimension is built on an integrated platform and is anchored by a single database, eliminating middleware and the costs and inefficiencies that come with it. 

Company name: SimCorp

Locations: HQ - Copenhagen, Denmark; North American HQ - New York

Websitewww.simcorp.com

Fintech Sector(s): Investment management solutions and services 

Elevator Pitch: SimCorp powers successful investment management companies globally by offering integrated solutions unrivalled at reducing costs, mitigating risk, and enabling growth associated with investment activities.

Year Formed: 1971

No. of Employees:1,200+

Stage: Profitable, Publicly traded – SIM.CO on the NASDAQ OMX Nordic Exchange

Tell us a bit about your company and what it does?

SimCorp is a provider of investment management software solutions and services for the global financial industry. Our software solutions portfolio supports and empowers global asset managers to mitigate risk, reduce cost, and enable growth all along the value chain, now and in the future. 

Our services are designed to support clients in achieving the maximum return on their SimCorp solution investment, and in improving their competitive advantage. 

More than 170 of the world's foremost financial institutions rely on our products.

How are you different than other companies in the same space? 

SimCorp is fiercely focused on offering one seamless software package to each of our customers. Through extensive research and development and continuous customer feedback, we’re able to build robust software solutions that cater to each customer’s individual needs. This approach is supported by an experienced team of financial service professionals who act as an ongoing resource throughout the planning, installation and execution phases of implementing a new technology infrastructure.  

SimCorp’s investment book of record (IBOR) is an award-winning solution that is integrated across front-, middle- and back-offices, helping asset managers get an overview and provide reliable up-to-date position data.

While the IBOR has been something of a buzzword for the past few years, the concept of providing a single repository of high quality data that supports an asset manager front- to back-office has always been at the very heart of SimCorp’s solution. 

What is your revenue model? How will the company make money? 

We continually investment in our software, have a focus on growth markets, and maintain solid cash flow that can be returned to shareholders as dividends and share buybacks. 

Over the past 10 years, the company has demonstrated sustainable and organic growth, building a robust business by offering one seamless software package to investment management firms around the world. 

Who is your target market?

Fund managers and fund administrators, asset managers, insurance firms (for their portfolio management activities), pension funds, superannuation funds, etc. 

How big is the opportunity?  

Trillions

Why are you and your team capable of succeeding?

We have ability to quickly adapt to market changes, client requirements and new technologies. These are critical success factors for us. 

Can you tell us one unusual fact about your company?

We consistently invest more than 20% of annual revenues into research and development. This is well above the industry standard, which is often under 10% and usually covers a stable of products. SimCorp has one product and one focus – SimCorp Dimension – that has been invested in steadily for the past 40+ years.


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