StatPro Group PLC European Asset Manager signs two year extension (5535Q)
13 September 2017 - 4:00PM
UK Regulatory
TIDMSOG
RNS Number : 5535Q
StatPro Group PLC
13 September 2017
13 September 2017
StatPro Group PLC
Large European Asset Manager signs two year extension worth
GBP1.5m for Delta service.
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
secured a two-year contract extension with a large European asset
manager for its Delta service, worth GBP1.5m.
This existing client is extending as well as increasing its
commitment to use the platform for ongoing risk analytics, in both
the front and middle office, primarily across fixed income
assets.
Justin Wheatley, Group CEO, commented:
"This contract extension, with an important client, underlines
the quality of the recently acquired Delta service which offers
unprecedented price accuracy and flexibility for our fixed income
clients.
"We are making rapid progress with our plans to reach functional
parity between Delta and our flagship StatPro Revolution
platform."
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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