StatPro Regions - North America
Andrew
Peddar, CEO North America
Overview
StatPro has a strong footprint in North
America employing around 90 people in three offices in Boston,
Toronto and Montréal. These offices support a growing demand from
the US and Canadian markets, as well as global markets being
serviced by the rest of the Group. The North American regional
revenue contribution to StatPro Group is around 35% (2009: 38%).
Profitability was down in the year due to lower data revenue and
increased investment in new products.
The North American Board (“NAB”) is
responsible for implementing our regional strategy as well as
day-to-day management of the region. The NAB meets every month to
review performance and discuss operating matters.
The Revolution begins with the signing
of a global custodian
We are very excited about our launch of
StatPro Revolution (a cloud-based portfolio analytics platform),
with RBC Dexia Investor Services recently signing up for this
service. We expect to leverage our existing relationships
with asset managers in North America to promote StatPro
Revolution. Additionally, there is a large market in the
Americas for direct subscription for portfolio analytics over the
web. It is therefore very encouraging to see a healthy
increase in StatPro Revolution trial accounts from the
Americas.
Balanced Scorecard approach to
Strategy Implementation
During 2010, we adopted the Balanced Scorecard
methodology to strategy planning and execution. This helps us align
each and every individual in our operations to a single focus:
to be an innovative provider of portfolio analytics and
valuation solutions.
SAS70-compliant Data and Hosted
Software Platform
We now have around 53% by revenue (2009: 45%)
of our software clients in the North American region on the
Software as a Service (“SaaS”) platform and our focus is to
increase this throughout 2011. To that end, we continue to invest
time and money into additional data centre infrastructure and
accreditations to ensure that our SaaS backbone is of the highest
quality. We expect to have our data and hosted software platform
certified as SOC 2 under the new SSAE 16 standard which replaces
the SAS70 in mid 2011.
State-of-the-art Co-location Data
Centre
Maintaining the confidentiality, integrity and
availability of our clients’ data is of paramount importance to
StatPro and our hosted platform. We recently made a strategic
decision to move our Toronto and Montréal on-site data centres to
the Bell co-location data centre in Toronto. Montréal remains our
disaster recovery site. StatPro Revolution and StatPro
Unlimited are in
place in the new data centre, as are our SAS70-compliant SaaS
systems for new clients. Over the next few months our
existing clients hosted in our on-site Toronto data centre will be
transitioned to the new infrastructure. The Bell data centre is a
top tier facility and this move will help us achieve even higher
levels of service and allow us to grow with our clients’ needs.
Global Hub for Evaluated Data
Operations
In addition to housing a SaaS Data Centre,
Montréal is also the global hub of our StatPro Unlimited
operations. In utilising industry best practices such as ITIL
(Information Technology Infrastructure Library), we are able to
create, maintain and distribute data on a large scale while meeting
the strict deadlines imposed by such time-critical information. All
of the data supplied to the StatPro Revolution and StatPro Seven
products, as well as to our data-only clients, is produced by the
Montréal Data Operations team, working in conjunction with the
Milan team.
People
All of these activities and initiatives are
only possible with a dedicated and experienced staff.
We’re fortunate that our people are passionate about StatPro and
our business. I’d like to take this opportunity to thank
everyone in the region for their hard work in 2010.
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