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Simcorp eyes U.S. pick up next year after management change

04
Sep
2014

By Stine Jacobsen COPENHAGEN (Reuters) – Denmark’s Simcorp, a provider of software and services to the financial sector, expects to get back on track in the United States within a year, after replacing poorly performing managers, its chief executive told Reuters on Thursday. Simcorp cut its 2014 revenue growth forecast last week because of a weak performance in its U.S. Holse said former management failed to organize an increased sales force and so lost out on business opportunities. The firm has now appointed a director with experience from a business twice as big as Simcorp’s, he added.

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