London, UK – 9th October 2014 – StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and data solutions for the global asset management industry, reveals that eight out of the top ten largest asset managers in the world are StatPro clients.
With 20 years’ experience in the industry, StatPro has seen many changes in how technology can help asset managers increase assets under management (“AUM”) and enhance client service. In this time, no change has been more dramatic and presented so many opportunities than the advent of cloud computing and Software as a Service. StatPro began its cloud development in 2008 and in March 2011, released StatPro Revolution, the world’s first cloud-based portfolio analytics, data, and reporting platform.
StatPro Revolution is in its 61st release. A new version is pushed to all clients every two months with most features driven by client feedback. StatPro is currently developing another new pure cloud-based application, StatPro R+, scheduled for release in 2015.
StatPro R+ is designed to produce perfect data for performance measurement teams and help them provide a true daily performance service. The scalability and power of cloud computing will help StatPro R+ transform many middle office functions for some of the largest asset managers in the world, with calculation speed increases of over 100 times versus traditional local applications.
Neil Smyth, Marketing and Technology Director, says: “With eight out of the top ten largest asset managers in the world as clients, we have a real responsibility to bring innovative and disruptive technology to the market. Margins and budgets are under pressure, regulations and compliance are in focus and providing exceptional client service is a key differentiator in a competitive market. Technology is the strategy. Cloud computing and SaaS are technologies StatPro have pioneered in the asset management industry and our clients of all sizes are realizing the benefits”
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