SimCorp Strengths, Domain Expertise, and Key Differentiators
SimCorp is a provider of investment management software solutions and services for the global financial industry. Its software solution SimCorp Dimension supports global investment management organizations to mitigate risk, reduce cost, and enable growth all along the value chain. With more than 300 financial institutions relying on its software and services, SimCorp has established itself as a proven value-creator for its clients. It serves the following sub-verticals: asset management, fund management and administration, insurance, pension funds, and private wealth. SimCorp is a subsidiary of the Deutsche Börse Group since 2023. In November 2023, SimCorp announced its merger with Axioma, a leading provider of solutions for portfolio optimization and risk management. By integrating Axioma’s best-in-class asset class coverage, premier risk management, and portfolio construction and optimization tools natively within SimCorp’s comprehensive front-office, middle-office, and back-office capabilities, customers can leverage an industry-leading investment and risk management technology platform. The combined company employs over 2,800 people globally, spanning more than 30 offices worldwide, and reports over +€700m in gross revenue.
SimCorp Recent Developments
In November 2023, SimCorp introduced its Investment Analytics Platform, signaling a significant advancement in its performance offerings. The platform's inaugural offering is a real-time performance solution, representing the next phase in SimCorp's ongoing evolution in this field. The Investment Analytics Platform stands out for being a native cloud calculation service, a testament to SimCorp's commitment to leveraging cutting-edge technology to meet the evolving needs of its clients. Moreover, it serves as a cornerstone of SimCorp's open ecosystem, built on an API-first architecture, which emphasizes interoperability and seamless integration with other systems and applications.
SimCorp Mergers and Acquisitions (M&A) Activities
In September 2023, SimCorp was acquired by Deutsche Börse AG. In the wake of Deutsche Börse's acquisition of SimCorp in September 2023, and the subsequent fruitful collaboration between the two entities, SimCorp merged with Axioma, a prominent global provider renowned for its factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. This strategic move signals a concerted effort to bolster SimCorp's offerings and solidify its position within the financial services sector.
In August 2019, SimCorp completed the acquisition of data management software provider AIM Software. Following the acquisition, AIM Software will be fully integrated into SimCorp. AIM's product GAIN will be renamed SimCorp Gain and become a core component of SimCorp’s future data management offering.
In June 2017, SimCorp acquired 100% of the shares in A.P.L. Italiana S.p.A.(renamed SimCorp Italiana S.p.A.) for an enterprise value of EUR 35m, of which EUR 10m was paid in SimCorp shares. SimCorp Italiana S.p.A. is a provider of investment and portfolio management software for the Italian insurance market.
SimCorp Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SimCorp applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SimCorp and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SimCorp Dimension, SimCorp Gain, SimCorp Sofia, SimCorp Coric customers.
SimCorp Overview
Weidekampsgade 16
Copenhagen, x, 2300, Denmark
45 35 448 800
https://www.simcorp.com/
Ownership: - Deutsche Börse Group
Number of Employees: 2800
Functional Markets: CRM, ERP Financial, ERP Services and Operations, TRM,
Key Verticals: Banking and Financial Services, Life Insurance, P&C Insurance, Specialty Insurance,
SimCorp Key Enterprise and Cloud Applications
SimCorp Dimension, SimCorp Gain, SimCorp Sofia, SimCorp Coric
SimCorp Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SimCorp Revenue Breakdown By Type, $M:
SimCorp Enterprise Applications Revenues By Functional Markets, $M:
SimCorp Enterprise Applications Revenues By Verticals, $M:
SimCorp Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
SimCorp Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SimCorp Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SimCorp Customers
No. of SimCorp Customers: 300
No. of SimCorp Enterprise Applications Customers: 300
No. of SimCorp Cloud Customers: 50
No. of SimCorp Cloud Subscribers: 16000
In 2022, SimCorp demonstrated robust performance and made substantial progress towards its strategic objectives. SimCorp expanded its client base by adding 11 new clients, indicating its continued ability to attract and serve a diverse range of clients within the investment management industry. Across all markets in general, SimCorp signed a number of full front-to-back SaaS deals, and, during the year, they also signed yheirr first-ever clients in Africa and Malaysia, with that continuing to increase market presence in both EMEA and APAC.
Some of their customers are: Genesis, Vescore AG, Texas Treasury Safekeeping Trust Company, Swiss Life Asset Managers, KBC Asset Management, BlueBay Asset Management, BNP Paribas Securities Services, Lord Abbett, Unigestion, UBS Global Asset Management, Brown Shipley, Ashmore Investment Management and many more.
SimCorp Market Opportunities, M&A and Geo Expansions
SimCorp is making significant strides in strengthening its presence in the Asia-Pacific region through strategic partnerships and the establishment of regional offices. In Japan, SimCorp has solidified its position by entering into a partnership agreement with NS Solutions Corporation, a leading Japanese IT services company. This collaboration aims to provide comprehensive support to clients within the investment management industry, leveraging the combined expertise and resources of both organizations. Furthermore, SimCorp's commitment to the APAC market is evident through its collaboration with Challenger, an Australian investment management firm. Together, they established Artega Investment Administration in 2022, a strategic joint venture offering technology-driven services for investment management across Australia and Asia. Artega specializes in providing front, middle, and back-office services to investment managers and asset owners, reflecting SimCorp's dedication to delivering innovative solutions tailored to the region's specific needs. As part of its strategic shift towards becoming a full-scale Software as a Service (SaaS) company, SimCorp has expanded its operations in APAC by opening offices in Manila, The Philippines, and Noida, India. These expansions highlight SimCorp's commitment to providing localized support and services to its clients in the APAC region, while also tapping into the diverse talent pool and resources available in these key locations.
In August 2023, SimCorp opened a new office in Mexico City, Mexico, marking a strategic expansion of its global footprint. The establishment of the Mexico City office aligns with SimCorp's vision to fortify its existing delivery center setup, thereby enabling the company to provide around-the-clock support to its diverse clientele worldwide. By strategically locating this new office in Mexico City, SimCorp aims to capitalize on the region's talent pool and leverage its favorable time zone to ensure seamless and efficient service delivery across different geographies.
SimCorp Risks and Challenges
With offices and sales across the world, SimCorp is from time to time affected by geopolitical uncertainties and unrest. Since 2007, SimCorp has had a development unit based in the Ukraine. The possible close down of countries due to pandemic, terror, war etc. could pose a threat to SimCorp’s product offering, sales, and service efforts. The same goes for their employees’ well-being.
SimCorp Ecosystem, Partners, Resellers and SI
SimCorp platform is uniquely enhanced and expanded through its partner ecosystem, which offers an unparalleled choice of market-leading tools and third-party data and analytics, all seamlessly embedded and integrated into its offering.
SimCorp Cloud Infrastructure Insights
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- SimCorp Public Cloud and Infrastructure (IaaS)
- SimCorp Platform (PaaS)
- SimCorp Application Delivery
- SimCorp Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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