London/Milan, 31 March – StatPro Group plc, a leading provider of portfolio analysis and asset valuation services for the global asset management industry, today announces that it has signed an agreement to integrate its Risk Service with Trasset International S.p.A, (“Trasset”) an international software solution provider for banks and financial institutions.
Trasset has been looking to offer risk management functions within its own suite of products. The integration of StatPro Risk together with StatPro’s data service will allow Trasset’s clients to access a state-of-the-art risk application. “It is StatPro’s strategy to expand the use of our Risk solutions via third party partners. We believe that Trasset’s market leading products combined with our award winning Risk service will make a first class offer for Trasset’s clients.. Ultimately, this deal will extend the range of services provided by Trasset to its existing customers, in a simple out-of-the-box package” said Michel Lempicki, StatPro Corporate Development Director. “From StatPro’s point of view, this agreement helps us extend our presence in countries where StatPro is not currently located . We are looking forward to working with Trasset to build a substantial business together.”
Deployment of the risk management tool will begin in Q2 2011.
Albert Fekete, Chief Executive Officer at Trasset International: “We are committed to continuously finding new ways to improve our solutions and services for our clients. We carried out a long and detailed software selection process to find a reliable partner who could complement our products fully in the risk management area and also have a robust methodology and excellent reputation at a global level. We found all these characteristics in StatPro. Thanks to this deep integration, StatPro VaR and other portfolio risk management analytics will enhance the Straight-Through-Processing (STP) and Reporting of our Asset & Wealth management and Treasury management systems.”
Notes to Editors
Michel Lempicki is available for interview upon request.
For further information, please contact:
StatPro Group plc
Rachael Cooper, Marketing Manager