SIMCORP ANNOUNCES SAAS CLIENT AGREEMENT WITH SIGNIFICANT TIER-ONE US FINANCIAL INSTITUTION

SimCorp’s ability to consolidate and simplify multiple platforms across the enterprise into a single front-to-back workflow was a key driver in securing the agreement with the client. SimCorp’s continued investment into the technology along with ease of deployment played a key factor in the client’s selection, along with SimCorp’s close alignment with the client on the future direction of the SimCorp-enabled ecosystem.

This client agreement is further testament to SimCorp’s highly competitive value proposition in the US market, emphasizing both the need for and value provided by SimCorp’s SaaS product offering. As an independent provider of investment management solutions, SimCorp has seen significant growth in recent years, including in North America. The addition of this new client marks the further increase of SimCorp’s footprint in this key market.

“We are very proud to partner with this new client and welcome them onto the SimCorp platform with the integration of our cloud-based front-to-back solution,” comments Oliver Johnson, Chief Commercial Officer (CCO) for SimCorp. “This deal marks a significant addition to SimCorp’s ever-growing client portfolio in the US market, and is a testament to our strong value proposition and the uniqueness of the offering we can provide. We are excited to partner with this client and provide them with the strongest platform in the industry to support their future ambitions and growth.”

About SimCorp

SimCorp offers industry-leading, front-to-back investment management solutions. Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed. With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.