SimCorp picks GlobalLogic to refit Dimension on the cloud
Investment management system provider SimCorp has signed a partnership agreement with GlobalLogic that will see the former change the way its Dimension platform is offered on the cloud.
According to the two firms, partnering with GlobalLogic provides SimCorp with “additional software engineering expertise” and access to “high-calibre technical talent”.
An improved cloud model would be a reaction to the growing demand from buy-side firms for flexibility and elasticity when it comes to their systems, says SimCorp.
Chief product officer at the firm, Georg Hetrodt, says that his firm is passionate about delivering value to clients. “Our investment in the cloud is an important part of this,” he adds.
“GlobalLogic, has demonstrated a commendable focus and innovative thinking on this project. Importantly, they’ve enabled us to predictably and efficiently scale as required.”
SimCorp Dimension has had a number of new or renewed deals in the past few months.
At the start of February, Deutsche Bank opted to extend its partnership with SimCorp, which covers the German bank in 12 of its fund services markets.
In January GAM Investments signed a long-term licence for SimCorp Dimension to act as its investment book of record (IBOR).
At the end of 2019 BNY Mellon connected its custody capabilities to Dimension, aiming to automate its investment lifecycles.
“To be awarded a project of such importance to SimCorp’s future direction is an incredible testament to the global team we have built over the years,” said Anders Arthur, vice president and head of Nordics at GlobalLogic.
“It is also a tremendous opportunity to demonstrate the breadth of our capabilities, from effective resourcing to innovative system design and impactful data delivery.”