SimCorp Strengths, Domain Expertise, and Key Differentiators
Founded in 1971 and headquartered in Copenhagen, SimCorp has subsidiaries throughout Scandinavia, Europe, North America, Middle East, and the Asia Pacific region. SimCorp has around 1,100 employees and is listed on NASDAQ OMX Copenhagen.
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 170 of top 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 has released version 5.9 of SimCorp Dimension, the first of two annual releases. Along with numerous other modules, new features, and further integration across the entire value chain, the release introduces new advanced additions to SimCorp’s Asset Manager.
SimCorp Recent Developments
In 2018 total revenue increased by 11,4% compared with 2017. SimCorp expects revenue growth in local currencies of between 8% and 13% in 2019.
SimCorp Mergers and Acquisitions (M&A) Activities
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.
Its product GAIN will be renamed SimCorp Gain and become a core component of SimCorp’s future data management offering.
In June 2017, SimCorp entered into an agreement to acquire 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 leading 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.
Ownership: - SIM
Number of Employees: 1871
SimCorp Key Enterprise and Cloud Applications
SimCorp Dimension, SimCorp Gain, SimCorp Sofia, SimCorp Coric
SimCorp Revenues, $M:
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* 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:
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SimCorp Enterprise Applications Revenues By Functional Markets, $M:
SimCorp Enterprise Applications Revenues By Verticals, $M:
SimCorp Revenues By Region, $M
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SimCorp Direct vs Indirect sales
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SimCorp Customers - Breakdown by Geo, Size, Vertical and Product
No. of SimCorp Customers: 300
No. of SimCorp Enterprise Applications Customers: 300
No. of SimCorp Cloud Customers: 21
No. of SimCorp Cloud Subscribers: x
For SimCorp, 2019 proved to be a year of high growth, with a reported revenue increase of 19% and EBIT improvement of 24%. A robust combination of winning new clients and expanding relationships with their existing clients. 2019 brought the total number of SimCorp clients above 300; with 12 new clients growing the number of SimCorp Dimension clients to 199, 30 new clients from the acquisition of data management software provider AIM Software, our former partner, and the rest being SimCorp Coric and SimCorp Sofia clients.
During 2018 SimCorp added 12 new companies to their client list and increased sales and service deliveries to existing clients, bringing the total number of SimCorp clients to more than 250, with 190 of these being SimCorp Dimension clients and the remaining being SimCorp Sofia and SimCorp Coric clients.
Among SimCorp 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.
SimCorp Market Opportunities, M&A and Geo Expansions
In August 2020 SimCorp completes the next phase in cloud transformation, offering SimCorp Dimension as a Service, on Microsoft Azure. The move significantly benefits SimCorp clients with a highly scalable, secure, and cost-efficient public cloud solution. The integration with Azure, combined with SimCorp Dimension as a Service, delivers the buy-side innovative, on-demand functionality while leveraging cutting-edge technologies, including artificial intelligence and machine learning, for competitive advantage.
Heightened global market conditions, increased competition, and regulation are placing high demands on buy-side operations, calling for more flexible consumption of solutions and services and stronger support of investment operations. In response, and as a global business and trusted partner to some of the largest institutional investors around the world, SimCorp is transforming its offerings, delivered as a service, to provide buy-side firms with the flexibility, scalability, and elasticity needed, in their investment operations today. Enriched with cloud-enabled automation, SimCorp will drive greater capacity for its clients, ultimately delivering greater value and optimized client experience.
The adoption of Azure across SimCorp’s external solutions and services follows the company’s internal migration of IT operations and services to Azure which first began in 2019. It is a natural step in its cloud journey, expanding SimCorp’s cloud offering, SimCorp Dimension as a Service, designed to empower the unique business strategies of its clients, with unmatched operational efficiency and scalability. The development sees the SimCorp Dimension as a Service offered to new and existing clients, with the optionality of both private clouds with current hosting partners, and public cloud with Azure.
SimCorp is a Danish company that provides specialized 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 delivers integrated solutions to money managers by helping them reduce costs, mitigate risks, and enable growth.
SimCorp Risks and Challenges
SimCorp will change its licensing model from a perpetual license model to a subscription-based model. The change will apply to new SimCorp Dimension licenses, as existing clients already have acquired the right to use. However, SimCorp will continue to sell perpetual licenses to some new customers. The company estimates that three-quarters of its new license deals will be in the form of subscription sales in 2016 and all-new license sales in 2017 will be subscription-based.
SimCorp Ecosystem, Partners, Resellers and SI
SimCorp primarily sells through its direct sales force.
SimCorp’s Order Manager has joined the partnership network of Bloomberg EMSxNET, a FIX network that provides order routing to brokers connected to the Bloomberg Professional service.
SimCorp Cloud Infrastructure Insights
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- SimCorp Public Cloud and Infrastructure (IaaS)
- SimCorp Platform (PaaS)
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- SimCorp Private Cloud and Data Centers
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).
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