SimCorp has signed a large perpetual license agreement with Generali for its asset management company, Generali Investments, plus its insurance companies in Italy and France to use SimCorp Dimension as their new enterprise investment management solution.
Generali will be using SimCorp Dimension across front, middle and back office, among other things leveraging SimCorp Dimension’s integrated IBOR (Investment Book of Record), investment accounting, data warehouse, reporting, and portfolio management solutions.
Bruce Hodges (pictured), Generali Group Chief Information & Digital Officer, says: “The agreement with SimCorp will strengthen our innovation capabilities, allowing us to better drive operational efficiencies and support future growth. We look forward to working with them in rolling out this new platform.”
”SimCorp CEO, Klaus Holse, says: “This is an important client win for us for several reasons. Firstly, it gives us a bridgehead into the Italian market, where we will now open a new office. Secondly, when a major player like Generali Group signs up for front, middle and back office in one go, it once again confirms the viability of our integrated solution strategy. We look very much forward to the collaboration with Generali.