StatPro re-certifies to SSAE16 Type II controls standard and adds ISAE3402 certification
Boston, US (November 16th, 2015) – StatPro Group plc the leading provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, today announced it has been re-certified for the SSAE16 Type II (SOC1) controls standard and added the ISAE3402 certification. Both standards cover StatPro’s data operations, hosted services and StatPro Revolution in North America.
Information security is critical for the asset management industry and StatPro continues its commitment to externally audited information security standards to ensure the highest levels of control when it comes to the confidentiality, integrity and availability of client data. New technology and development standards allow cloud-based platforms to offer enhanced levels of security over legacy on-premise software. Having systems and controls verified and audited in partnership with PwC helps demonstrate this to prospects and clients.
Justin Wheatley, StatPro Group CEO commented, “High levels of information security are paramount when it comes to client data. This certification demonstrates our commitment to data security controls as we develop the latest cloud-based portfolio analytics tools for the global investment management industry. Keeping pace with technological changes, opportunities and threats is key to delivering a high value product that not only delivers powerful features, but also delivers on confidentiality, integrity and availability when it comes to our clients’ data.”
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 license free Freedom Index.
StatPro has grown its recurring revenue from less than £1 million in 1999 to around £29 million at 30 June 2015. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia, and approximately 500 clients in 37 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.