For immediate release
19 September 2000
STATPRO GROUP PLC
(“StatPro” or the “Group”)
Announcing alliance with SER Software Engineering GmbH
StatPro Group (‘StatPro’) the leading supplier of performance measurement software for use by asset managers worldwide, today announces it has signed a partnership agreement with SER Software Engineering GmbH (‘SER’), a developer and provider of Back Office Systems for German Fund Managers.
Since its flotation in May 2000, StatPro has embarked on a series of third-party agreements as a means to enhance the company profile and increase its sales opportunities worldwide. To-date, agreements have been signed with Reuters Lipper, Russell/Mellon and Deloitte & Touche. SER has itself been intent on finding a complementary partner to provide performance measurement, attribution and composite calculation for their clients. With this aim in mind, SER and StatPro have now entered into commercial terms to jointly promote StatPro’s products to SER clients, starting with the ‘SER User Day’.
Founded in 1984 by the current CEO, Gert J. Reinhardt, SER dominates the market for Back Office Solutions for Asset Managers with over 60% market-share. SER has over 65 clients in Germany, Austria and Luxembourg. SER’s parent company, SER Systems AG, is a publicly- quoted company (Neuer Markt: SES) which specialises in knowledge and document management systems and employs over 1,400 people worldwide.
Justin Wheatley, CEO of StatPro, commented:
‘SER and StatPro provide outstanding solutions for their customers. This product alliance will not only ensure that our mutual clients maximise their productivity, it will also provide even better services to their investors. This deal fits perfectly with StatPro’s continuing strategy of finding product partners in the markets in which we operate. By leveraging off dominant local suppliers of complementary systems, StatPro will achieve faster market penetration. The deals are very symbiotic, providing huge benefits to both parties. We look forward to working closely with SER.’
Dieter Richter, Geschdftsf/hrer of SER, said:
‘StatPro’s products fit neatly with ours and will add value to our product range. SER’s strategy is to develop international markets and to focus on Back and Front Office applications, both for Asset Managers and Private Banks. This deal enables both parties to play to their strengths and offer a better service to our clients.’
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Mark Edwards||020 7466 5000|
|Bobbie Swanson||020 7466 5000|
SER Systems AG
SER Systems AG is a leading international developer and provider of IT solutions for knowledge and document management. The development of SERbrainware, software that learns and derives meaning from text, has made SER a technology leader for intelligent knowledge-based software solutions. SERbrainware has subsequently been recognized as a leading global product with the’Best of AIIM Award’ 2000.
SERware is a software suite that allows the rapid implementation of knowledge management solutions across a company. SERware contains components for complete knowledge logistics. These optimize the knowledge and business processes for organizations in the commercial and public sectors. SERware uses SERbrainware and provides a broad range of functionality necessary for intelligent document and e-business automation.
The company currently has c.5,000 installations worldwide, with about 2,500 of these based in the USA. Installations range from departmental networked systems to large enterprise-wide solutions.
Considered to be one of the Top Ten German software companies, the SER Group has direct sales and support organizations in Germany, the United States, UK, France,
Austria and Switzerland.
SER Systems AG shares have been publicly traded on the Neuer Markt since 1997.