Eagle Asset Management Selects SimCorp for Investment Accounting, Performance and Client Reporting

January 04, 2012 at 07:45 pm IST

MarketScreener.com By

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 caliber 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."

This press release expands upon the SimCorp Company Announcement 18/2011 sent to NASDAQ OMX Copenhagen on 27 December 2011.

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.