SimCorp Partners with Canoe to Power Alternative Investment Data Management for Mutual Clients
NEW YORK & LONDON, UK, December 15, 2022 – Canoe Intelligence, the financial technology company powering alternative investment intelligence, today announced a new partnership with SimCorp, an independent provider of SaaS (Software as a Service) investment management solutions. This collaboration accelerates the speed and accuracy with which SimCorp clients can automate key operational processes, including document collection, data extraction, and data delivery into SimCorp for additional analysis and reporting.
By combining Canoe’s industry-leading technology for alternatives data management with SimCorp’s integrated front-to-back investment management platform, SimCorp Dimension, SimCorp clients are empowered with more actionable data, intelligence, and operational efficiency.
Anders Kirkeby, Head of Open Innovation at SimCorp comments: “This new partnership with Canoe further strengthens our complete offering for the management of the alternative investment asset class. Canoe has developed a technology to ease the time-consuming, error-prone and frustrating processes of data gathering, extraction and analysis that come with the management of alts. Some of our clients are already using Canoe’s technology, and we are confident that this partnership will help an even larger range of our clients to simplify their operational processes and unlock new insights.”
Kim Raymonde, Director of Partnerships and Integrations at Canoe Intelligence adds: “Since the launch of our Partner Program earlier this year, Canoe has actively engaged with financial services companies and solutions adopted by leading institutional investors and wealth managers. Our aim is to reduce friction in client workflows and systematically streamline the practice of alternative investing. We’re thrilled to partner with the SimCorp team. Together, we will bring more connectivity to alternative investment operations, and enable investors with more access to and confidence in their alternatives data.”
This news follows Canoe’s recent accomplishments including building traction as the industry-standard solution for alternatives document and data management, expanding relationships with other technology providers, and numerous client engagements with institutional investors and large family offices.
About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly-frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. Learn more: www.canoeintelligence.com
SimCorp offers industry-leading, front-to-back investment management solutions. Our platform and ecosystem, comprising partners, services, and third-party connectivity empowers us to provide 40% of the world’s top 100 financial companies with the efficiency and flexibility needed to succeed.
With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly. For more information, please visit www.simcorp.com
Betsy Miller Daitch
+45 29 38 13 84