StatPro Group PLC StatPro signs $1.0m Singapore Revolution contract
10 August 2017 - 4:02PM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
10 August 2017
RNS Reach
10 August 2017
StatPro Group PLC
Singapore client signs Revolution for $1.0m over 2.5 year
contract
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM
listed provider of cloud-based portfolio analytics and asset
pricing services for the global asset management industry, has
signed a two and a half year contract extension and consulting
agreement, to migrate a major Singapore-based asset manager from
StatPro Seven to the cloud-based StatPro Revolution platform.
In August 2016, the Singapore Monetary Authority (MAS) issued an
update to its outsourcing guidelines, stating the benefits of cloud
computing to financial service institutions in Singapore. The
guidelines state that:
"MAS...recognises that institutions may leverage on such a
service to enhance their operations and service efficiency while
reaping the benefits of cloud services' scalable, standardised and
secured infrastructure."
Justin Wheatley, Group CEO, commented:
"We are delighted by this client conversion and uplift from
StatPro Seven to StatPro Revolution. Singapore is a major hub for
asset management in Asia and the endorsement of our Cloud-based
solution, StatPro Revolution, by a major Singapore based asset
manager is an important step in our growth in Asia.
"Our highly scalable, super-fast and precise cloud-based
services are taking the asset management industry into the next
generation of technology. With price pressure and regulation
forcing our clients to improve efficiency and their quality of
service, while cutting costs, we are well placed to support all our
clients."
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 / Fabien Holler 2500
Corporate Broking - Tom
Salvesen / James Stearns
Instinctif Partners
Adrian Duffield / Chris +44 (0) 20 7457
Birt 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 open source Freedom Index.
The Group has operations in Europe, North America, South Africa,
Asia and Australia, with hundreds of clients in 39 countries around
the world.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million today. Over 75%
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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