Eagle Asset Management selects SimCorp for investment accounting, performance and client reporting

SimCorp A/S 

04.01.2012 14:59
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Firm will benefit from system consolidation, streamlined processes, and more
client reporting options. 

SimCorp, a leading provider of highly specialized software and expertise for
the investment industry, today announced that Eagle Asset Management, has
selected SimCorp Dimension, an enterprise solution for investment management. 

Eagle Asset Management is a leading institutional and retail asset management
firm, offering an array of equity and fixed income managed accounts and mutual
funds designed to meet long-term goals. Headquartered in St. Petersburg,
Florida, the firm was looking for a comprehensive single system that could
replace the firm's legacy investment accounting, performance and client
reporting systems. 

'As we undertake strategic initiatives to differentiate our products and
service offerings, we depend on solid technology that can keep pace with our
organizational goals and the market dynamics,' comments Steven Ballard, Vice
President of IT at Eagle Asset Management. 'In our evaluation, we looked for
robust state-of-the art technology designed to help us react to changes in
business and product direction. SimCorp met these criteria but further
differentiated itself with a platform architecture designed with a good deal of
flexibility.' 

After careful review, Eagle Asset Management selected SimCorp Dimension due to
the ability to consolidate data from disparate sources and investment workflows
on a single platform. SimCorp Dimension will allow Eagle Asset Management to
capture the most granular level of data in a single database which in turn
delivers better data quality and accurate client reporting. 

David Kubersky, Managing Director for SimCorp North America, stated, 'We are
extremely proud to add a firm the calibre of Eagle Asset Management to our
growing list of clients. Eagle Asset Management's selection of SimCorp is a
reflection of the broader market's need for platforms that support transparency
throughout the trade life cycle, especially in the wake of new regulatory
reforms.' 

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This press release expands upon the SimCorp company announcement 18/2011, sent
to NASDAQ OMX Copenhagen on 27 December 2011. 

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Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America (+ 1 917 546 4654).

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About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management
software and services to the world's leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp's world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is
dedicated to supporting the global investment management industry, its clients
and its investors. For more information about SimCorp's products, please visit
www.simcorp.com/product.
News Source: NASDAQ OMX



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Language:     English
Company:      SimCorp A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0016026164
WKN:          
 
End of Announcement                             DGAP News-Service
 
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