SimCorp Acquires Swiss Software Company
SimCorp has agreed to acquire all shares in the Swiss company, Keymark AG of Zürich. Established in 1996, Keymark AG is a software company specialising in the development of fund accounting and reporting solutions for institutions specialising in European mutual funds. The company has developed substantial competencies in this area and is an established provider of administrative software solutions to the German mutual fund industry. Following the acquisition, SimCorp will be integrating Keymark’s mutual fund solutions – starting with fund accounting – into its investment management system, TMS2000.