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SimCorp rings the Nasdaq closing bell

May 27, 2016 Thomas Johansen, Chief Financial Officer, SimCorp
On Wednesday 18th May 2016, with Alicia Keys´ ‘Empire state of mind’ turned up high on my headphones, I made my way towards 4 Times Square, where Nasdaq has their headquarters.

Nasdaq is the second largest exchange in the world by market capitalization, and a team of SimCorp’ers had been invited to ring the closing bell.

As I emerged out of the subway onto Times Square, I was greeted by the sight that all companies dream of. SimCorp ads 20 meters high were in full swing alongside famous brands such as Budweiser, wix.com and H&M. Here we were, on the world stage, letting the world know who we are and the great offering we have to investment management firms.

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Live image from the SimCorp ‘take over’ of Times Square on Wednesday 18, May

An important moment

North America is a growth market for SimCorp, so this was a real opportunity to both celebrate our three new clients, as well as make a statement that we are serious about establishing ourselves as a force to be reckoned with in this market.

At the Nasdaq ceremony, David Wicks, the executive director gave a speech acknowledging our move into the Large Cap grouping in the Danish market (our current market cap is DKK 13.5 billion). This was a big achievement and I cannot help thinking that the natural next step for us will be to join the C20 index. An index where famous Danish companies such as Novo, Carlsberg and AP Møller reside – and where a great software company like SimCorp also belongs.

On the right path

It will take a lot of hard work to get into the C20 but on the back of a great 2015 financial year and a strong start to 2016 with impressive Q1 numbers we are on the right trajectory.

As Klaus Holse recently said about our Q1 results, ”With three new SimCorp Dimension® contracts in the important North American market and a new SimCorp Coric contract in the UK, we are off to a good start in 2016. Our pipeline continues to develop, we see more new sales cases coming to the market and we experience an increasing demand for our professional services supported by our continued new service offerings. All in all, we are confident about our improved financial outlook for the year.“

I share Klaus’ enthusiasm, and I personally look forward to the journey ahead. I am sure we will be back at Nasdaq in Times Square by 2020 celebrating that we have entered into the C20 index in Copenhagen.

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Thomas Johansen (center), SimCorp’s CFO, rings the closing bell at Nasdaq along with colleagues from our North America office.

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