SimCorp to merge with Axioma.

SimCorp, a software solutions provider, agreed to merge with Axioma, a factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions provider. Financial terms were not disclosed. "We are excited about our joint future as a single company. Axioma's established market leadership and dedicated focus on portfolio optimization and risk management analytics, combined with SimCorp's strong platform and broader capabilities, create a powerful client-first offering across the entire investment management value chain," Christian Kromann, SimCorp CEO.