SimCorp
From Wikipedia, the free encyclopedia
| SimCorp A/S | |
 |
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| Type | Public |
|---|---|
| Founded | 1971 |
| Headquarters |  Copenhagen, Denmark |
| Key people | Peter L. Ravn , CEO Peter Theill, Executive Vice President Torben Munch, Executive Vice President Steen Rasborg, Chairman of the Board of Directors |
| Industry | Financial Services |
| Products | Investment Management Software Systems, Treasury Management Software Systems |
| Revenue |  €102 million (2005) |
| Net income | €16.2 Million (2005) |
| Employees | 700 |
| Slogan | Financial solutions modelled by SimCorp. |
| Website | www.simcorp.com |
SimCorp is a Danish company that develops and globally markets integrated investment and treasury management software systems, as well as providing analytical models. Their products help customers perform the many tasks needed to stay ahead in today's international financial markets.
SimCorp also offer training through, competence building programs and consulting services giving clients access to SimCorp's expertise in global finance. SimCorp's expertise lie within Finance, IT, and Economics.
SimCorp's customers include banks and central banks, mortgage lenders, portfolio/investment managers, insurance companies, pension funds, mutual funds, securities and commodities brokers, and corporate treasuries.
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[edit] History
Founded in 1971 and headquartered in Denmark, SimCorp has subsidiaries throughout the Nordic region as well as in Belgium, Holland, Germany, Switzerland, Great Britain, Hong Kong, Australia, Singapore and the USA. SimCorp has approximately 700 employees, in 11 countries, on 4 continents, and is listed on the OMX Nordic Exchange. SimCorp Ltd, the London office was founded in 1986.
Below is a timeline of when the different subsidiaries were established;
- 2004: SimCorp Singapore
- 2001: SimCorp Asia
- 2000: SimCorp USA
- 1999: SimCorp Benelux, Sverige
- 1998: SimCorp Norge
- 1989: SimCorp GmbH
- 1986: SimCorp Ltd
- 1971: SimCorp founded
Other important dates;
- 2003: TMS2000 changes its name to SimCorp Dimension
- 2000: Initial Public Offering
- 1999: Acquisition of BA Swallow Business Systems Ltd.
- 1996: First TMS2000 customers
- 1995: Standard Software Strategy formulated
[edit] Management
Steen Rasborg is the chairman of the board of directors, and has been since 1994. The board are as follows;
- Peter L. Ravn : CEO
- Peter Theill : Executive Vice President
- Torben Munch : Executive Vice President
Members of the SimCorp Board;
- Torben Ballegaard Sørensen
- Carl Christian Ægidius
- Susan Haroun
- Kim S. Andreasen
- Ulrich Rosenquist
Subsidiary Managers
- Arnt Eilertsen : Senior Vice President in SimCorp Nordic
- Georg Hetrodt : Senior Vice President in SimCorp GmbH
- Troels Philip Jensen : Senior Vice President in SimCorp Benelux SA/NV
- Lee D. Wright : Senior Vice President in SimCorp Ltd.
- Peter Sørensen : Senior Vice President in SimCorp USA Inc.
- Piero Visani : Vice President in SimCorp Schweiz AG
- Peter Hill : Senior Vice President, SimCorp Asia Pty. Ltd.
- Lee D. Wright : Senior Vice President in SimCorp Treasury Solutions Ltd.
[edit] Competition
SimCorp main competitors are DST Systems INC, Linedata Services, Charles River Development, Latent Zero, and Sungard amongst others.
[edit] Financials
On the 9th November 2006, SimCorp released its financial progress for the first 9 months (30th September), which resulted in €85.8 million of revenue secured so far. The performance was better than expected, meant that expected revenue went up to €125-130 million, compared to the estimation in the 2Q report which estimated revenues at the end of the year to be €120-125 million.
[edit] Acquisitions
On September 20th 2005, SimCorp acquired a controlling stake in FIX 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.
[edit] Other
SimCorp is currently attained at Capability Maturity Model (CMM) certification Level 2. The firm attempts to move onto Level 3 by 2008.
[edit] External Links
- SimCorp - Official SimCorp Website
- SolutionForge - Official SolutionForge Website
- SimCorp IT2 - Official IT2 Treasury Management System Website
