WCAS exits Aim Software in €60m deal

SimCorp will finance the transaction with its own cash reserves and credit facilities.

The acquisition will expand SimCorp's service offering and the companies expect to realise cross-selling synergies from their complementary products and shared target client base. The two firm's office locations will also be combined.

Following the transaction, Aim Software will be fully integrated into SimCorp and its Gain product will be renamed SimCorp Gain.

In 2018, Aim Software generated revenues of €15.5m.

Previous funding
WCAS took a majority stake in the company in 2015. The company's existing management team retained a minority stake and continued to lead the business following the transaction. During the holding period, WCAS injected growth capital into the business to facilitate the company's international expansion and finance acquisitions.

Company
Founded in 1999, Aim Software is a data management services provider to the financial services industry that employs approximately 75 people. The company is headquartered in Vienna and operates offices in London and New York.

People
SimCorp - Klaus Holse (CEO).
Aim Software - Gayatri Raman (CEO).

Advisers
Company - Arma Partners (M&A).

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