Allianz Dresdner Asset Management Deutschland is to implement SimCorp's investment management software TMS2000 as its unified back office system.
The order is one of the company's largest ever contracts in Germany. The installation includes TMS2000's fund accounting module, a recent extension to SimCorp's offering to the German mutual and institutional fund (KAG) sector.
The contract is included in SimCorp's forecasted order inflow for 2002. SimCorp says that it needs to win an additional Dkr15 million in new orders if its is to meet the lower end of its revenue and earnings guidance for 2002.