American Century Investments Goes Live With SimCorp Dimension

NEW YORK, Nov. 9, 2010 /PRNewswire/ -- SimCorp announced today that American Century Investments, a leading asset management firm, has gone live on SimCorp Dimension to support the company's growth initiatives for its institutional products and international operations. American Century Investments, which is headquartered in Kansas City, Mo., manages approximately $97 billion in assets for individual and institutional investors.

American Century Investments selected SimCorp to support the company's strategy to grow and expand the firm's international and institutional business, which was implemented to help the company diversify and avoid unnecessary volatility in assets under management. The firm, which was replacing a legacy system, was looking for a solution that would offer the ability to add new products quickly and in a way that would mitigate operational risk. SimCorp Dimension was selected for its fully integrated, scalable system and flexible modular design.

"American Century Investments has made strategic choices over the past few years, designed to position the company for growth. One of those key decisions was choosing to partner with SimCorp," remarked Merele May, Senior Vice President of Investment Operations at American Century Investments. "SimCorp's key tenets of reducing cost, mitigating risk and enabling growth were exactly in line with where we are aiming to take the company. Having a reliable, scalable and flexible solution in place helps make the entire investment process more efficient and creates peace of mind across the organization."

Benefits realized since American Century Investments went live with SimCorp Dimension include greater ease of use by accountants in investigating and locating vital information, shorter lead times for the average user to fluently access the system and the ability to value portfolios daily in an automated fashion. American Century Investments also now has the ability to launch new products with a considerably reduced lead time and enhanced accounting and reporting for portfolios denominated in currencies other than US Dollars.

David Kubersky, Managing Director of SimCorp North America, commented, "American Century Investments' asset management acumen coupled with the company's fiscal prudence is exemplary. The firm – which has earned the respect of 'Main Street' – is primed for growth, and we are pleased to partner with American Century Investments to give them the operational support necessary to continue to expand."

ABOUT SIMCORP

SimCorp is a leading provider of highly specialized software and expertise for the investment industry. Established in 1971, with more than 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp enables global investment management organizations to mitigate risk, reduce cost and enable growth through development and implementation of its integrated and market-leading financial software solution SimCorp Dimension. SimCorp is headquartered in Copenhagen with subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles, Luxembourg, Munich, New York, Oslo, Paris, Singapore, Stockholm, Sydney, Toronto, Vienna and Zurich.

For more information, visit www.simcorp.com.

ABOUT AMERICAN CENTURY INVESTMENTS

American Century Investments is a leading privately controlled and independent asset management firm, committed to delivering superior investment performance and building long-term client relationships. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. founded the company in 1958 and serves on its board of directors. Jonathan S. Thomas is president and chief executive officer and Enrique Chang is chief investment officer. Through its ownership structure, more than 40 percent of American Century Investments' profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia.

For more information, visit www.americancentury.com.

SOURCE SimCorp