BAD HOMBURG, Germany, March 13 /PRNewswire/ -- Deutsche Postbank International S.A. (PBI), located in Luxembourg, has migrated to the fund accounting of SimCorp Dimension in seven months. Special attention was paid to the regulatory specifics of Luxembourg during the implementation. Postbank Luxembourg has been using SimCorp Dimension since 2001.

To secure fast project progress, KAG Best Practice, a special starter package of SimCorp Dimension for the implementation within fund management companies was used. PBI's existing system could therefore be discontinued at the end of February 2008.

"KAG Best Practice has helped us implement SimCorp Dimension in time and on budget," stresses Jochen Begas, managing director of PBI. "Thanks to its flexibility we have been able to quickly adapt the software to the local requirements in Luxembourg."

"We are delighted about the joint project success," explains Dr. Jochen Müller, managing director of SimCorp in Germany. "The short project duration at PBI demonstrates that SimCorp Dimension suits very well for implementation at mid-sized fund managers."

Postbank Luxemburg

With a balance sheet total of EUR 194bn the Postbank Group is one of the large German financial institutions. Deutsche Postbank International S.A. (PBI) is located in Luxembourg and is a one-hundred-percent subsidiary of Deutsche Postbank AG that also operates a fund management company at the same location. The balance sheet total of PBI amounts to EUR 18bn, the assets of the company's fund manager to EUR 2bn.

SimCorp

SimCorp is a leading provider of highly specialised software and financial know-how for the financial sector. SimCorp has approximately 900 employees and is listed on OMX Nordic Exchange Copenhagen A/S. For more than 35 years, SimCorp has developed its product in close collaboration with a number of international financial institutions. The SimCorp system, SimCorp Dimension, is sold, implemented and supported from the head office in Copenhagen and subsidiaries in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, New York, Oslo, Singapore, Stockholm, Sydney, Vienna and Zurich.

Enquiries regarding this announcement should be addressed to: Oliver Widmann, Marketing Manager, SimCorp GmbH, +49(0)61-72-92-40-0 (535)

Enquiries regarding this announcement should be addressed to: Oliver Widmann, Marketing Manager, SimCorp GmbH, +49(0)61-72-92-40-0 (535)