SimCorp announces that Sparkassen Informatik, IT provider of the German Savings Banks' finance group, has extended its SimCorp Dimension license agreement.
The agreement now includes the rights to use the existing ASP solution for Bavarian savings banks.
As announced Q4, 2004 Sparkassen Informatik uses SimCorp Dimension within an ASP solution for market risk management within portfolio management. Sparkassen Informatik services more than half of all savings banks in Germany.
This new SimCorp Dimension order does not change the company’s expectations to the year's result.