Klaus Holse, CEO, SimCorp

SimCorp has entered into an agreement to acquire Vienna-based data management solutions provider, AIM Holding SCA and its subsidiaries, AIM Software for a value of €60 million.  The acquisition is expected to be closed around the 1st of August, 2019.

Gayatri Raman, CEO of AIM Software, comments: “AIM and SimCorp have had a long-standing, successful partnership, working closely to serve buy-side clients globally. The AIM team is excited to continue our journey on becoming a leader in data management for the buy-side as part of SimCorp. SimCorp’s global market reach, commitment to its employees, along with substantial investments in R&D, will allow us to continue to deliver innovative data management solutions to our clients.”

According to the supplier, the acquisition is expected to enhance SimCorp‘s market competitiveness,  provide a strong value proposition and add new capabilities to its front-to-back offering. AIM’s product GAIN would be renamed to SimCorp Gain and will be incorporated as a core component of SimCorp’s data management solution.

Klaus Holse, CEO of SimCorp, comments: ”We are excited to welcome AIM’s team to the SimCorp family and AIM’s clients to our global client community. AIM’s market-leading data management solution, GAIN, is a valuable addition to our portfolio, supplementing our offering in an area of strategic importance to our clients. The combination of AIM’s data management capabilities and SimCorp’s integrated front-to-back, multi-asset investment solution will allow us to provide asset managers and asset owners alike with an even more comprehensive end-to-end offering, further strengthening our leadership position in an ever-evolving industry.”

Established in 1999 in Vienna, AIM Software provides data management solutions to the buy-side community. AIM’s GAIN suite of business applications allows financial institutions to aggregate, master and report on their market data.

by Megha Bhattacharya
Market Analyst at IBS Intelligence