STATPRO ACQUIRES INVESTOR ANALYTICS
Combination offers best in class cloud-based performance & risk analytics in one platform
LONDON AND NEW YORK, January 22, 2016 — StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis solutions for the global asset management industry, today announced that it has acquired New York based Investor Analytics LLC, provider of cloud-based advanced risk analytics services to hedge funds and asset managers.
Investor Analytics’ cloud based SaaS service will be swiftly integrated with StatPro Revolution, adding its 50+ clients including hedge funds, funds of funds, pension funds, endowments, money markets and asset managers to StatPro’s 450 clients to make more than 500 clients worldwide. Investor Analytics’ capabilities in Monte Carlo simulation, variance/covariance risk and factor modeling, once combined with StatPro’s historical simulation risk model & wide pricing capacity, will offer a complete suite of models for the risk requirements of any asset manager. Damian Handzy, founder and CEO of Investor Analytics, joins StatPro as the Global Head of Risk and has been appointed to the StatPro Group Executive Board.
Dario Cintioli, Managing Director of StatPro Group explains: “Investor Analytics’ service and StatPro’s risk services are extraordinarily compatible. The combination of the two products means that we now have a full-fledged, multi-model risk service, offering cutting-edge factor and option-based models, with coverage of any asset class. This best-in-class risk service will be made available in a short time to all our StatPro Revolution clients. During 2016, we will also add a new transactional performance engine and workflow, making StatPro Revolution the first SaaS platform that integrates leading transactional and buy-hold performance analytics with top-notch risk management and compliance.”
“We are delighted to welcome Damian Handzy and his team to StatPro. Damian’s vision for his product aligns perfectly with our vision for StatPro Revolution. Our respective products complement each other perfectly and the combination will be greater than the sum of the parts,” said Justin Wheatley, Chief Executive of StatPro Group.
Damian Handzy, CEO of Investor Analytics, said “We are excited to join StatPro, as our services, technologies and cultures fit together seamlessly. Our clients will immediately benefit from the combination of StatPro Revolution’s best in class performance measurement with IA’s comprehensive risk analysis. Together, we will offer the premier cloud-based performance and risk solution to the investment management industry and I look forward to working with Justin and Dario on bringing ever more valuable services to market.”
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.
StatPro has grown its recurring revenue from less than £1 million in 1999 to around £32 million today. 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 http://www.statpro.com.
About Investor Analytics
Investor Analytics LLC, headquartered in New York, has been providing portfolio and risk management services to the investment management industry since 1999. Investor Analytics processes more than USD 380 billion of assets daily for global hedge funds, fund of funds, money market funds, financial institutions, pension funds and endowments. Investor Analytics employs proprietary methodologies to analyze financial investment portfolios and provides clients with a suite of risk and transparency tools. For more information visit www.investoranalytics.com.
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