SimCorp acquires AIM Software
June 7, 2019

Technology provider SimCorp has announced this week the signing of an agreement to acquire all shares in AIM Holding SCA and its subsidiaries for a total enterprise value of EUR 60 million. Closing of the acquisition is expected to be around August 1, 2019, subject to certain conditions.

SimCorp describes AIM Software as a leading provider of data management solutions with a specialized focus on the buy-side and a long-standing partner to SimCorp. It has around 75 employees, with offices in Vienna, London and New York. Additionally, it has 40 people with a third-party service provider. In 2018, AIM Software generated revenue of EUR 15.5 million (unaudited consolidated numbers).

SimCorp says the acquisition will strengthen its strategic position and competitiveness in the market, where data management is an area of growing importance to buy-side firms and increasingly central to any investment manager's operational foundation.

SimCorp says it expects to realize cross-selling synergies from the complementary products and shared target client base, as well as cost synergies, for instance from combining the two firm's office locations.

In 2019, SimCorp expects the acquisition to increase its revenue by approximately 2 percent and have a negative impact on its EBIT margin of approximately 1 percentage point due to lower initial profitability and certain non-recurring costs associated with the acquisition.

As a consequence, SimCorp is adjusting its expectations for revenue growth measured in local currencies for 2019 to between 10 percent and 15 percent (previously 8 percent-13 percent), and for EBIT margin measured in local currencies for 2019 to be between 24.5 percent and 27.5 percent (previously 25.5 percent-28.5 percent).

The acquisition is also expected to be EBIT margin-dilutive in 2020, and EBIT margin-neutral from 2021 due to the full impact of synergy realizations.

Following the acquisition, AIM Software will be fully integrated into SimCorp. Its product GAIN will be renamed SimCorp Gain and become a core component of SimCorp's future data management offering.

The acquisition will be financed by SimCorp's own cash reserves and credit facilities. 





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Technology provider SimCorp has announced this week the signing of an agreement to acquire all shares in AIM Holding SCA and its subsidiaries for a total enterprise value of EUR 60 million. Closing of the acquisition is expected to be around August 1, 2019, subject to certain conditions.

SimCorp describes AIM Software as a leading provider of data management solutions with a specialized focus on the buy-side and a long-standing partner to SimCorp. It has around 75 employees, with offices in Vienna, London and New York. Additionally, it has 40 people with a third-party service provider. In 2018, AIM Software generated revenue of EUR 15.5 million (unaudited consolidated numbers).

SimCorp says the acquisition will strengthen its strategic position and competitiveness in the market, where data management is an area of growing importance to buy-side firms and increasingly central to any investment manager's operational foundation.

SimCorp says it expects to realize cross-selling synergies from the complementary products and shared target client base, as well as cost synergies, for instance from combining the two firm's office locations.

In 2019, SimCorp expects the acquisition to increase its revenue by approximately 2 percent and have a negative impact on its EBIT margin of approximately 1 percentage point due to lower initial profitability and certain non-recurring costs associated with the acquisition.

As a consequence, SimCorp is adjusting its expectations for revenue growth measured in local currencies for 2019 to between 10 percent and 15 percent (previously 8 percent-13 percent), and for EBIT margin measured in local currencies for 2019 to be between 24.5 percent and 27.5 percent (previously 25.5 percent-28.5 percent).

The acquisition is also expected to be EBIT margin-dilutive in 2020, and EBIT margin-neutral from 2021 due to the full impact of synergy realizations.

Following the acquisition, AIM Software will be fully integrated into SimCorp. Its product GAIN will be renamed SimCorp Gain and become a core component of SimCorp's future data management offering.

The acquisition will be financed by SimCorp's own cash reserves and credit facilities. 



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