SimCorp acquires FIX specialist Solutionforge

SimCorp has acquired a controlling stake in FIX connectivity supplier Solutionforge. The terms of the deal also give SimCorp an option to acquire the remaining shares in the future. The deal opens the way for SimCorp to embed Solutionforge’s FIX.NET Server and FIX.NET Trader technology into SimCorp’s flagship investment management product, SimCorp Dimension, with which it is highly compatible, as well as strengthening SimCorp’s trading knowledge base.

SimCorp’s chief executive officer Peter L. Ravn explains, "The acquisition of Solutionforge allows us to offer highly scaleable trading software with advanced facilities beyond our previous reach, yet which can be seamlessly integrated within our SimCorp Dimension product. That presents opportunities for our customers as well as ourselves. Furthermore, Solutionforge’s existing customers are assured that their supplier is part of a larger group offering an extended product range and providing access to deeper development resources to keep their products at the forefront of the FIX connectivity market."

Solutionforge’s managing director Matthew Reid explains that from Solutionforge’s point of view it made good sense to become part of the SimCorp group: "As the FIX engine market has matured suppliers must offer products of increasing value to customers. By combining with SimCorp we can do just that, especially since our .NET based solutions are so well aligned technologically with SimCorp Dimension. We feel very confident that our company cultures are compatible too as we have worked with SimCorp for over a year prior to this deal."

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