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SimCorp A/S Head Office

Weidekampsgade 16
Copenhagen S
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Justus-von-Liebig-Straße 1
Bad Homburg
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Biskop Gunnerusgade 14 A
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Sergelgatan 1
Stockholm
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Building Stéphanie 1 Avenue Louise 54
Brussels
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Level 13 68 Pitt Street
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Level 39 One Exchange Square 8 Connaught Place CENTRAL
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2nd Floor 100 Wood Street
London
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#58-03/05, Republic Plaza 9 Raffles Place
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Keizersgracht 62 Office B07
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SimCorp Canada Inc Office

100 Wellington St. West Suite 2204
Toronto
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Salomonkatu 17
Helsinki
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29/31 rue Saint-Augustin
Paris
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20, rue Eugène Ruppert
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Sihlquai 253
Zurich
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V. Stusa 35–37 2nd floor
Kiev
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Wollzeile 16
Vienna
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17 State Street, 6th Fl.
New York
NY
US

SimCorp Coric Office

53 State Street, 29th Floor
Boston
MA
US

Telephone

+45 35446416 Mobile +45 6127 6137

Contact

Peter Tranberg
[email protected]
Back to all SimCorp announcements

SIMCORP OPENS U.S. OFFICES – PROVIDING CORPORATE TREASURY MANAGEMENT SYSTEMS TO U.S. CORPORATIONS

NEW YORK, July 30, 2001 - SimCorp A/S, for 30 years a major global provider of financial software and services for corporate treasuries and investment institutions, has launched SimCorp USA to bring North American customers the competence, resources, and extraordinary quality of service that have defined the company’s expanding global operations for three decades.

Publicly traded on the Copenhagen Stock Exchange (SIM DC), the company is consistently profitable, with a four-year annual growth rate of 42 percent and nearly 600 employees worldwide. Ending December 2000, SimCorp A/S realized a group turnover of over $40 million and a profit of more than $5 million. For the first quarter of 2001, the company saw total income rise 53 percent over the same quarter last year.

The first SimCorp product for the U.S. market is IT/2, a "no-fuss," rock solid treasury system providing the greatest dependability of any similar product in the marketplace. Globally, nearly 100 customers use IT/2. In the U.S. and Canada, installations have been completed in companies such as Abbott Laboratories, Chiquita Brands International and Toronto-based CAE, Inc.

Serving as president of SimCorp USA is Peter Soerensen, who has led the company’s international thrust since 1999. Prior to joining SimCorp A/S, Soerensen headed corporate cash management sales at Unibank, Denmark, where his strategy cemented the bank’s position as the leading cash management bank in the Nordic region.

"The demand for reliable treasury management systems has increased tremendously over the past couple of years in response to the growing global economy and to rigorous new rules for reporting," said Mr. Soerensen. "By expanding into the U.S. market, we bring to the many growing and established companies here one of the world’s most reliable and sophisticated treasury management systems. Our goal is to be recognized for our comprehensive financial expertise and for the broad-reaching services we develop through long-term relationships with our customers."