10 January 2019
StatPro Group PLC
UK Investment Manager group signs £1.45 million contract
StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a five-year contract with a UK investment manager converting from StatPro Seven to StatPro Revolution, with a minimum contract value of £1.45 million and a significant uplift in annual value.
The investment manager currently uses StatPro Seven for all its client reporting processes and will replace this with StatPro Revolution.
Justin Wheatley, Group CEO, commented:
“The reporting requirements carried out by asset managers have become increasingly onerous as regulations have increased, asset types become more complex and clients more demanding.
“Investment managers are responding by improving efficiency and transparency via intelligent digital strategies – our flagship product, StatPro Revolution, is an ideal solution to meet the increasing requirements.
“This contract win and extension is very satisfying as it illustrates that StatPro Revolution has come of age and is now widely regarded as the leading performance and risk technology platform.”
|StatPro Group plc|
|Justin Wheatley, Chief Executive||+44 (0) 20 8410 9876|
|Andrew Fabian, Finance Director|
|Panmure Gordon – Nomad and Broker|
|Corporate Finance – Freddy Crossley / Fabien Holler||+44 (0) 20 7886 2500|
|Corporate Broking – James Stearns|
|Adrian Duffield / Kay Larsen / Chantal Woolcock||+44 (0) 20 7457 2020|
StatPro is a global provider of award-winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.
The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £55 million at the end of September 2018. Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.