SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced a new partnership with Opus Nebula Ltd., a London based provider of fund and client reporting Software as a Service (SaaS). Through this exclusive partnership, SimCorp’s award-winning SimCorp Coric client communications and reporting solution will underpin the Opus Nebula SaaS reporting service, which is hosted on the Microsoft Azure™ platform.
Opus Nebula provides hosting, onboarding, data integration, report design, configuration, and maintenance services, for small to mid-sized wealth and asset management firms. Clients will benefit from the power and versatility of SimCorp Coric on a pay-per-use cost basis, which scales in line with usage, frequency, and volumes. All clients will benefit from SimCorp Coric’s standard multi-tenant infrastructure, web-based interfaces, data mapping, workflow, and reporting elements. Opus Nebula will apply client-specific data validation, template layouts, and branding elements, according to individual requirements. Opus Nebula’s client reporting SaaS offering is ideally suited to small to mid-sized private wealth and institutional asset management firms wanting the ability to produce highly customized and timely reports, via easy to use dashboards, while also benefitting from the efficiencies and savings that SaaS provides.
Terms of the agreement provide SimCorp with a minority stake in Opus Nebula Ltd. In further support of the partnership, SimCorp will provide Opus Nebula with technical and business development support. Klaus Andersen, Managing Director at SimCorp Coric, said: “SimCorp’s investment in Opus Nebula is an exciting realization of SimCorp Coric’s client reporting roadmap. This partnership is indicative of SimCorp’s ongoing commitment to supporting SaaS delivery models and cloud-based infrastructures. It fits perfectly with SimCorp’s strategy to serve mid to large-sized wealth and asset managers directly, while addressing the reporting needs of smaller firms such as family offices, hedge funds, and boutique private wealth firms via third party domain specialists.”
Andrew Sherlock, Director and Co-founder of Opus Nebula, said: “Our team is highly experienced in delivering reporting solutions based on SimCorp Coric. We have been instrumental in driving operational efficiencies and client servicing improvements within the asset management industry. We believe there is a vast untapped opportunity to deliver quality and value, through SaaS-based reporting, to a wider audience. With the backing of SimCorp Coric, Opus Nebula offers a level of reporting expertise and experience that is second to none in the outsourced reporting, SaaS sector.”
Enquiries regarding this announcement should be addressed to:
Nicola Cowburn, Vice President Global Marketing, SimCorp Coric Ltd.
Phone: + +44 (0)20 7260 1882
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
About Opus Nebula
Founded in 2014, Opus Nebula offers a Software as a Service (SaaS) reporting solution for private wealth management and institutional asset management firms. The Opus Nebula service is powered by the world-class SimCorp Coric client communications and reporting solution, and is securely hosted within the Microsoft Azure™ cloud environment. Opus Nebula is a privately-owned business, working in partnership with SimCorp Coric Ltd. For more information, please explore www.opus-nebula.com.