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History

SimCorp Italiana is a leading provider of investment and portfolio management software solutions for the Italian insurance market based on the Sofia platform.

1983 - the beginning

SimCorp Italiana was founded in 1983 as a generalist software house. It was originally named APL Italiana referring to the programming language that, as were the intentions of the company founders, has been the main development tool of the company.

The 80's - the company takes its first steps

In collaboration with Pirelli Informatica the first application for portfolios asset management was developed in 1986.
In 1987 were underwritten commercial agreements for the distribution in Italy of APL language interpreters and statistical software.
In 1989, starting from developments in financial applications, SimCorp Italiana began the development of the first version of Sofia (an acronym of Software Finanziario APL). Gradually the entire focus of the company would be concentrated on this product.

The 90's - the Sofia project

In 1995 the development of the first version of Sofia in a Windows environment began, commercialized in Italy since 1997. This first version was translated into English and sold on the Scandinavian market since 1995 under the name of GAMA.
The development of the version of Sofia based on Client/Server technology began in 1999. The Client/Server version of Sofia is designed for complex organizations with numerous users or with managerial complexity and has become a great success becoming the reference application for all main Italian insurance groups.

The 2000s

In 2006, the Sofia C/S Cluster version was developed. This version takes advantage of both the power of elaboration and the physical subsystems of access to disks of several machines simultaneously in load-balancing mode. In respect to the Client Server version, Sofia C/S Cluster is suitable for organizations that need to manage very large databases (> 20 Gbytes) and support 50 users or more.
In 2016, the new Business Services catalogue came to enrich Sofia's service offering, allowing Customers to delegate their business activities to SimCorp.

Today

The development of Sofia, which has followed and often anticipated market demands, has led to the widening of the range of financial instruments managed and to the increasingly integrated coverage of the entire investment process: from decisional support to define the investment strategies, to accounting transaction registration in, to Italian and European regulatory compliance, and to the areas of Risk Management, budget and strategic planning and ALM.
In August 2017, APL Italiana was acquired by SimCorp and renamed SimCorp Italiana. As a fully owned subsidiary of SimCorp, SimCorp Italiana will continue to be a point of reference for all the main Italian insurance groups and for asset management companies that have chosen Sofia to manage the principal phases that are critical during the investment process.

In 2022, the SaaS offering Sofia as a Service, is unveiled, allowing the management of the entire hardware and software infrastructure supporting Sofia to be delegated to SimCorp, taking advantage of a redundant and secure public cloud solution.