COPENHAGEN, Denmark, July 16, 2015 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Dutch PGGM Vermogensbeheer B.V. (PGGM) has selected SimCorp's Data Warehouse solution to improve operations with detailed and near-real time information on performance, analytics and benchmarks.
PGGM, the Dutch pension fund service provider, manages close to EUR 200bn worth of pension assets, and has been using SimCorp Dimension since 2006. The implementation of the Data Warehouse solution will further support PGGM's business strategy. Following a competitive selection process, the PGGM ultimately chose SimCorp.
"SimCorp's Data Warehouse solution serves as a central repository for all reporting and analytics data," says Marc van den Berg, COO at PGGM. "The fact that we can source data directly from SimCorp Dimension as well as any other source will enable us to further simplify the reporting process and increase accuracy and timeliness in reporting to stakeholders and regulators."
Commenting on the agreement, Hans Otto Engkilde, Managing Director at SimCorp Benelux said: "PGGM and SimCorp have a long-standing partnership, which we are very pleased to expand by implementing our Data Warehouse solution. Moreover, our recent Data Warehouse successes with other clients are a testament to the strength of our solution and its ability to streamline reporting, provide overview, and essentially improve performance and reduce cost and risk."
Enquiries regarding this announcement should be addressed to:
Rikke Dalager, SimCorp Corporate Communication, (+45 3544 6474)
PGGM is a cooperative Dutch pension fund service provider. Institutional clients are offered: asset management, pension fund management, policy advice and management support. On March 31, 2015 PGGM had EUR 199.9 billion in assets under management. The PGGM cooperative has approximately 686,000 members and is helping them to realize a valuable future. Either alone or together with strategic partners, PGGM develops innovative future solutions by linking together pension, care, housing and work.
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. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.