SimCorp Acquires AIM Software
Enhancing Digital Transformation for Financial Institutions
Transaction Completes on August 1, 2023
SimCorp, a leading provider of investment management software and services, has announced the completion of its acquisition of AIM Software, a provider of innovative digital transformation solutions for the financial services industry. The acquisition, which was first announced in March 2023, strengthens SimCorp's position as a global leader in the provision of end-to-end software solutions for financial institutions.
The acquisition brings together two highly complementary businesses with a shared commitment to delivering best-in-class solutions to their clients. SimCorp's extensive expertise in investment management and asset servicing, combined with AIM Software's innovative digital transformation platform, will enable the combined organization to offer a comprehensive suite of solutions that meet the evolving needs of financial institutions.
The acquisition is expected to create significant value for both SimCorp and AIM Software's clients. SimCorp will be able to leverage AIM Software's expertise to enhance its digital transformation offerings, while AIM Software's clients will benefit from access to SimCorp's broader product portfolio and global reach. Together, the combined organization will be well-positioned to meet the challenges and opportunities facing financial institutions in the digital age.
Klaus Holse, CEO of SimCorp, said: "We are delighted to welcome the AIM Software team to SimCorp. Their deep understanding of the financial services industry and their commitment to innovation make them a valuable addition to our organization. Together, we will continue to push the boundaries of investment management technology and deliver exceptional value to our clients."
Commenting on the acquisition, Bram Wortel, CEO of AIM Software, said: "We are excited to join forces with SimCorp. Their global presence, financial stability, and commitment to client satisfaction make them the ideal partner for AIM Software. We are confident that together, we will be able to accelerate our growth and deliver even greater value to our clients."
Conclusion
The acquisition of AIM Software is a significant milestone for SimCorp and a testament to the company's ongoing commitment to providing innovative and comprehensive solutions to the financial services industry. The combined organization is well-positioned to play a leading role in the digital transformation of the financial services sector, delivering value to clients and shaping the future of investment management.
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