Heijmans NV Selects SimCorp's IT2 Treasury Management System

1 March 2007

SimCorp announces that it has signed Heijmans NV as a new client for its IT2 Treasury management system.

Heijmans NV is a Netherlands based and listed international construction company, with an annual turnover of EUR 2.8 billion, and pre-tax profits of EUR 117 million (fiscal year 2006, IFRS basis). Heijmans has over 10,000 employees. Its operations extend beyond the Netherlands to Belgium, Germany and the United Kingdom. Strategically, Heijmans has extended its spheres of business beyond physical construction into the provision of advisory, design, development, maintenance and management services.

The Heijmans Group Treasury team's operations are based in Rosmalen, which is situated in Brabant to the North of Eindhoven. Their principal activities include cash management, Group-wide cash forecasting, project and division financing and in-house banking.

According to Heijmans Group Treasurer, Mr. Gerrit Kerkhof, "Heijmans chose an IT2 solution because of its superior reporting capabilities, including the impressive scope of its out-of-the-box reporting, and additionally for the ease of developing new reports. We also like the contemporary look-and-feel of the system, and its breadth of functionality which will support our expanding operation."

Heijmans' IT2 implementation is presently in progress, and the first phase is scheduled for completion in the second quarter of 2007. The completion of all phases is planned for the fourth quarter of 2007.

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