For immediate release
22 September 2014
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, is pleased to announce that Dr. Ian Thompson has joined the Group as Client Integration Director. Ian will work closely with the StatPro product development teams to provide clients with a smooth transition to StatPro R+ and StatPro Revolution.
StatPro continues its transition to a pure cloud-based software provider, with over 320 clients now on its cloud-based portfolio analytics platform, StatPro Revolution. A roadmap of advanced analytics is being delivered into the product every two months, and Ian will help deliver the benefits of scalable, flexible and cost effective technology to StatPro’s wider client base. StatPro Revolution will soon be joined by StatPro R+, the scalable cloud-based performance measurement system and cloud replacement for StatPro Seven, due to arrive in early 2015. Ian will be responsible for leading the functional delivery of this next generation platform.
Ian joins StatPro from Bi-Sam where he was the Executive Regional Director for Asia Pacific. He has over 27 years’ experience working in the asset management sector and more than 23 years in performance measurement and is widely recognised as an industry expert in investment performance analysis. Other previously held positions include Director of Business Development for Microgen Asset Management Solutions, Director of Product Strategy (Asset Management Solutions) for AFA Systems and Director of Strategic Asset Management Solutions (SAMS).
Ian Thompson comments: “I am really excited about joining StatPro at this important stage in the continued development and roll-out of the StatPro R+ and StatPro Revolution platforms. This is a ground-breaking opportunity to “change the mould” by delivering an in-depth and scalable performance, risk, and compliance solution efficiently and seamlessly, using a genuine cloud-based multi-tenant approach. This means that significantly more functionality can be delivered more quickly and effectively than ever before to all of our clients. I look forward to working closely with StatPro’s clients to ensure that they reap the maximum benefits and improved productivity from this advanced technology and unique approach.”
Justin Wheatley, StatPro Group CEO, commented: “I would like to welcome Ian Thompson to StatPro. We are confident that his significant experience and depth of knowledge will be of great value to us and our clients. Throughout his career, Ian has been dedicated to helping asset managers improve their productivity and their service to their clients. He joins StatPro at a point where the new technology developed by StatPro will have a significant impact on the way asset managers work.”
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Stephen Keys / Dr Christopher Golden
Julian Morse (Sales)
|020 7397 8900|
|Caroline Evans-Jones/ Hilary Millar||020 7653 9850|
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than £1 million in 1999 to around £28 million at 30 June 2014. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.