APL Italiana acquired by SimCorp
Dear APL client, We would like to inform you that APL Italiana today has signed a contract to be acquired by the global investment management software provider, SimCorp.
June 29, 2017 - Like APL Italiana, SimCorp offers a front-to-back investment management solution, but where APL Italiana focuses on insurance companies, SimCorp offers its products and services more broadly, for instance to pension firms, funds and institutional asset managers. SimCorp is founded in 1971, employs 1400 people worldwide and from its headquarter in Copenhagen, Denmark, it serves customers throughout Europe, Middle-East, North America and Asia. SimCorp is listed on Nasdaq Copenhagen.
Why have we accepted SimCorp’s offer?
In the decision to sell the company to SimCorp, APL Italiana’s owners have first and foremost considered its clients and employees. SimCorp has many similarities to APL Italiana, especially when it comes to culture and how they treat their clients and their employees.
SimCorp has a strong tradition for client centricity and the tight collaboration they have with their clients is a key reason why they have managed to build their international market position over many years.
Furthermore, SimCorp pays much attention to its employees’ well-being and their personal and professional development.
Recently, our largest client, Generali, decided to move to SimCorp’s solution, SimCorp Dimension. With the acquisition of APL Italiana, SimCorp will now benefit from our extensive knowledge of Generali, while our employees will have increased job security and we will be able to focus fully on the other clients.
By becoming part of SimCorp, APL Italiana will have the backing of a strong and more mature company to help us to continue providing you with the best possible solutions. We sincerely believe, SimCorp is a great company for our clients and employees to become part of.
Not much will change
For SimCorp, APL Italiana is a shortcut to getting a larger presence in the Italian market, and following the acquisition, APL Italiana will change name to SimCorp Italiana. SimCorp does not plan to lay off people as part of the acquisition so we will continue to offer all the same solutions and services. Our daily operations and service levels will also remain unchanged.
SOFIA will change name to SimCorp Sofia, but will continue to exist as you know it. Most importantly, with the backing of a strong mother company, we will continue to develop the solution to meet your needs, also in the future.
We would like to assure you that together with SimCorp, we are dedicated to continue offering you best-in-class products and services – now under the company name of ‘SimCorp Italiana’.
Best regards
Alberto Bianchi