Boston, MA (Nov 20th, 2014) StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis for the asset management industry, today announced it has signed a five year contract renewal worth $1m with a large, global asset manager, for its leading Global Investment Performance Standards (“GIPS”) compliance solution, StatPro Composites.
StatPro Composites is an industry leading product recognized globally for scalability, flexibility and customizability. It is a multi-lingual and multi-currency solution that has enabled over 500 GIPS compliance verifications globally.
Andrew Peddar, StatPro Group COO commented, ‘This five year contract renewal from such an important global client reinforces the confidence in our ability to continue to deliver a global GIPS solution. It demonstrates the client’s confidence in StatPro’s technology roadmap and our next generation of performance management solutions. We are delighted at our continued partnership.’