NEW YORK, Nov. 7, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that its IBOR solution has won Best Buy-Side IBOR (Investment Book of Record) Platform at the Buy-Side Technology Awards 2016, hosted by Waters Technology. This accolade marks the third consecutive year that SimCorp has won the award since it was introduced in 2014.
SimCorp's IBOR is an integrated solution covering the front-, middle- and back-office. It ensures that asset managers have a complete overview of their operations by providing them with reliable, event adjusted and up-to-date positions data – one source of truth required to make more informed investment decisions. In the last year alone, a number of large investment management firms signed up to use SimCorp's solution, including KBC Asset Management, Exane Asset Management and several North American firms.
The Buy-Side Technology awards were judged by five independent buy-side-focused technology experts as well as senior editorial staff from Waters Technology. The key factors determining the success of an entry were the tangible business benefits offered by an IBOR that provide user firms with a competitive advantage.
Klaus Holse, CEO, SimCorp, said: "The IBOR is at the core of our integrated solution and we continue to develop its functionality, helping firms to make well informed investment decisions based on accurate and timely analysis of complex data. Our third consecutive award win is certainly testament to this and we are delighted to be recognized as a leading provider of solutions to the investment management industry."
Victor Anderson, Editor, Waters Technology, said: "Our awards recognize the leading vendors providing cutting-edge technology solutions to support the evolving needs of buy-side firms. We received a large number of entries in each category, and were extremely impressed by the outstanding quality of this year's nominations."
The awards were announced at the 10th annual Buy-Side Technology Awards ceremony in London on 4 November 2016.
Enquiries regarding this announcement should be addressed to:
Anders Crillesen, SimCorp Corporate Communications, +45 3544 6474
SimCorp provides integrated, best-in-class investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
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