NovitasFTCL advised Equipos on its sale to SimCorp
Equipos’ mainstay product is the award-winning Equipos Coric Client Communications Suite. The product empowers investment management firms to improve client service and enrich client experience through effective and informative reporting. At the same time, it reduces operational risk and costs. Business users can create and modify client reports with ease, speed, and accuracy.
Backed by a focused client sales methodology, Coric is a market-leading product with a proven track record of generating organic revenue growth. Since 2008, the firms revenue and staffing have grown strongly.
The EUR 10m acquisition of the UK-based company and its subsequent full integration into the SimCorp organization will enhance and support SimCorps strategy of growing the business based on its single product platform SimCorp Dimension, while also providing selected applications as standalone solutions to leading investment managers . Prior to the full acquisition, SimCorp held a 20% stake in the private limited companys share capital.
Adviser to Equipos and it’s shareholders