The treasury software developer SimCorp of Copenhagen announced two new customers for its Dimension investment management system: DekaBank of Germany and Vanguard Investments of Melbourne, Australia.
DekaBank, which has managed assets of $283.4 billion and is the central asset manager of the German Savings Banks Finance Group, chose Dimension for fund accounting and depositary banking services, SimCorp said.
Vanguard Investments, a provider of index-linked funds, will use Dimension to support middle- and back-office investment management operations across a number of asset classes, SimCorp said.
SimCorp ranked No. 54 in American Banker's 2007 FinTech 100 listing, published in November, up from No. 63 last year. Though it also offers corporate treasury systems, 95% of its $172 million of revenue in 2006 was from the financial industry. It made the DekaBank announcement Dec. 20 and the Vanguard announcement Dec. 21.