Who Owns SimCorp?

SimCorp was founded in 1971 in Copenhagen, Denmark, under the name SIM-CORP (Simulation Planning Corporation). The company initially focused on simulation and planning software for financial institutions. In its early years, SimCorp served Scandinavian financial institutions, developing systems for investment accounting and portfolio management.

During the 1980s and 1990s, SimCorp expanded beyond Scandinavia as European financial markets deregulated and electronic trading grew. The company developed its core platform, SimCorp Dimension, as an integrated investment management solution covering front, middle, and back-office functions. The platform was designed for multi-asset class support, addressing the needs of asset managers, pension funds, insurance companies, and sovereign wealth funds.

SimCorp listed its shares on the NASDAQ Copenhagen stock exchange in 2002. The IPO provided capital for international expansion, and the company opened offices across Europe, North America, Asia, and the Middle East. By the 2010s, SimCorp had established itself as one of the leading investment management platform providers globally, competing with BlackRock's Aladdin, Charles River IMS, and Bloomberg AIM.

In the 2010s and 2020s, SimCorp shifted toward cloud-based delivery. The company transitioned its platform to a Software as a Service (SaaS) and Business Process as a Service (BPaaS) model, responding to client demand for cloud deployment and managed services. This transition was a key factor in Deutsche Borse's strategic interest, as the exchange operator sought to build a recurring revenue business in investment management technology.

In 2021, SimCorp entered a strategic partnership with Axioma, a New York-based risk analytics provider that had been acquired by Deutsche Borse in 2019 and integrated into Qontigo. The partnership made Axioma's portfolio optimization and risk analytics capabilities available to SimCorp's platform clients. Joint clients included Hassana Investment Company, AP3, and AP4.

Deutsche Borse announced its acquisition of SimCorp in April 2023. The EUR 3.9 billion deal was the largest acquisition in Deutsche Borse's history. The transaction closed in September 2023, and SimCorp was delisted from the Copenhagen exchange. Christian Kromann, who had served as SimCorp CEO, continued to lead the business within Deutsche Borse's Investment Management Solutions segment.

In November 2023, SimCorp formally merged with Axioma. The merger combined SimCorp's front-to-back investment management platform with Axioma's factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. Axioma had approximately 380 investment manager clients worldwide, while SimCorp served more than 300 major financial institutions. The combined entity offered a more comprehensive platform covering the entire investment management value chain.

As of 2026, SimCorp continues to operate under its own brand within Deutsche Borse Group. The company serves 40 of the world's top 100 financial companies and manages approximately $30 trillion in assets on its platform. SimCorp employs approximately 2,845 people across 14 countries, with its workforce distributed across 38 countries.