SimCorp, a leading provider of highly specialised software for the investment
industry, and AIM Software, a leading provider of financial data management
solutions, have entered into a global collaborative agreement. The agreement
enables SimCorp to provide AIM Software's GAIN Data Management software to its
clients, in conjunction with SimCorp Dimension, SimCorp's seamless investment
management solution.
GAIN Data Management provides consolidated, cleansed data in standardised
formats, based on client-defined rules, for use by downstream systems. As a
result of the agreement, SimCorp's clients will be able to use GAIN Data
Management to process securities prices, static and reference data and
corporate actions notifications, with the resulting cleansed data being
uploaded into SimCorp Dimension via a standardised interface. Consequently
SimCorp's clients can mitigate risks of costly errors and avoid waste of
resources associated with use of inaccurate data. They can also reduce cost and
improve the accuracy of their data management processes through streamlined,
automated workflows.
“The investment management industry has become more risk-aware since the
financial crisis and its increased interest in ensuring cleansed,
quality-assured data is part of that,” said Marc Schröter, senior vice
president and head of strategic research at SimCorp. “We undertook a thorough
analysis of the data management market before approaching AIM Software and have
been highly impressed with the company's product and expertise. Not only that
but SimCorp Dimension and GAIN have a very good technological fit, we already
have customers in common and AIM Software's business model is actively based on
industry partnerships. We expect this agreement to allow us to create a very
attractive data management offering for our clients.”
“We are very pleased about this collaboration with SimCorp,” concludes Josef
Sommeregger, head of marketing and sales at AIM Software. “It allows both
parties to concentrate on their core competencies that complement each other in
an ideal way.” Martin Buchberger, AIM Software's head of product management
adds: “We have no doubt that our combined expertise will help SimCorp's clients
to increase the overall quality of their data and they will also be able to
access a wider range of data sources and tools that will allow them to add
value to their businesses.”
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Enquiries regarding the announcement should be addressed to:
Marc Schröter, Senior Vice President, Head of Strategic Research at SimCorp
A/S, +4535448800/+4540752750.
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About SimCorp
SimCorp is a leading provider of highly specialised software and financial
expertise for the investment industry. Established in 1971, with more than
1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp
enables global investment management organisations to mitigate risk, reduce
cost and enable growth through development and implementation of its integrated
and market-leading financial software solution SimCorp Dimension. SimCorp is
headquartered in Copenhagen with subsidiaries and branches in Amsterdam,
Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles, Munich,
New York, Oslo, Paris, Singapore, Stockholm, Sydney, Toronto, Vienna and
Zurich. www.simcorp.com
About AIM Software
Established in 1999, AIM Software is one of the leading providers of data
management solutions for financial markets, with offices in Switzerland,
Austria, Luxembourg, France, the USA, Hong Kong and Japan. Based on the
worldwide service and support partner network, AIM Software provides
internationally established software solutions and services with more than 108
references in 16 countries. Supported by the large client base, AIM Software
can offer low risk and low cost all-in-one software packages, based on its
industry proven data management software platform GAIN. For further
information, please visit http://www.aimsoftware.com.