StatPro Group PLC £1.5m StatPro Seven contract win (8765I)
05 September 2016 - 4:00PM
UK Regulatory
TIDMSOG
RNS Number : 8765I
StatPro Group PLC
05 September 2016
5 September 2016
StatPro Group PLC
GBP1.5m StatPro Seven contract win with US-based top 10 global
asset manager
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the
cloud-based portfolio analysis and asset pricing services provider
for the global asset management industry, has entered into a
three-and-a-half-year contract with a US-headquartered top ten
global asset manager for a minimum value of GBP1.5 million for its
GIPS(R) ("Global Investment Performance Standards") Composites
service.
Whilst StatPro is focused on converting its clients of StatPro
Seven to StatPro Revolution, StatPro Composites continues to be a
world-leading solution for GIPS(R) Composite regulations for asset
managers.
StatPro Composites is used by over 100 asset managers around the
world, including seven of the top ten managers by value of assets.
StatPro intends to add composite functionality to StatPro
Revolution and meanwhile continues to develop StatPro Composites in
line with market regulations and requirements.
Justin Wheatley, Chief Executive, commented:
"This is an important win and a strong validation of our
best-in-class solution: StatPro Composites.
"We have seen a strong increase in interest for StatPro
Composites as asset managers look to replace in-house internal
systems with a robust, scalable, hosted solution that can meet the
ever-more complex regulatory requirements that asset managers
face."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief +44 (0) 20 8410
Executive 9876
Andrew Fabian, Finance
Director
Panmure Gordon - Nomad
and Broker
Corporate Finance - Freddy +44 (0) 20 7886
Crossley / Fred Walsh 2500
Corporate Broking - Tom
Salvesen
Instinctif Partners
Adrian Duffield / Lauren +44 (0) 20 7457
Foster 2020
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. This multi-asset
class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations
and reduce costs.
The Group's integrated and global data coverage includes over
3.2 million securities such as equities, bonds, mutual funds, FX
rates, futures, options, OTCs, sector classifications and much else
besides. StatPro also covers most families of benchmarks including
MSCI, FTSE, Russell, NASDAQ and the licence free Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP36 million at the end of
June 2016. The Group has operations in Europe, North America, South
Africa, Asia and Australia, with hundreds of clients in 37
countries around the world. Approximately 80% of recurring revenues
are generated outside the UK. StatPro Group plc shares are listed
on AIM.
This information is provided by RNS
The company news service from the London Stock Exchange
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