Introduction
Andrew Peddar, StatPro COO, North
America
Welcome to the summer edition of
StatPro's Quarterly Newsletter, bringing you all the latest news
from the StatPro Group.
StatPro employs over 90 people throughout the
three North American offices of Boston, Toronto and Montreal. This
makes North America the largest StatPro region in terms of
employees, as well as the largest contributor (c. 40%) to Group
revenue.
Throughout 2009, it was clear that the
strategy of combining software and data within a Software as a
Service (“SaaS”) environment was, and continues to be, very
appealing to the North American market. Even though 2009 was a year
that saw clients and prospects looking to save money, as well as
postponing non-critical projects, it was an excellent year for the
region in terms of the number of new clients added to the client
base. Every new client that came on board took advantage of the
SaaS delivery mechanism, so as a region we now have c. 45% (2008:
27%) of our software clients on the SaaS platform. Our intention is
to increase this percentage throughout 2010.
Continued investment
With SAS 70 compliant Data Centres in Toronto
and Montreal, we are able to offer our clients a choice of primary
and secondary sites. Throughout 2010 and beyond, we will continue
to invest time and money into additional Data Centre infrastructure
and accreditations to ensure that our SaaS backbone is of the
highest quality.
In addition to housing a SaaS Data Centre,
Montreal is also the global hub of our Evaluated Data 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, as well as meet the strict
deadlines imposed by such time-critical information. All of the
data supplied to the StatPro Seven and StatPro Revolution products,
as well as to our Data-only clients, is produced by the Montreal
Data Operations team.
Global asset database
The 2009 M&A activity in our client and
Data vendor space is generating particular interest in 2010 for our
Data services. With StatPro being an Evaluated Price provider, we
are able to offer a level of service to our clients that promotes
trust through transparency. This type of partnership between client
and vendor is ever more crucial, and therefore valuable, in the
current climate of increased self and industry regulation. By
offering a truly global asset database, we are also able to satisfy
global demand from our clients, who are looking to consolidate
feeds and vendors across their global operations.
StatPro’s North American operations support a
growing demand from the North American market, as well as the
global market being serviced by the rest of the Group. With this in
mind, we are increasing our Sales and Marketing function, as well
as support functions, to ensure that demand can be met with the
highest level of service.
Kind regards,
Andrew Peddar
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