Statpro Group PLC – Re Joint Venture

For immediate release
18 January 2001

STATPRO GROUP PLC

(“StatPro” or the “Group”)

Joint Venture with RIMES

StatPro Group plc the leading supplier of performance measurement software for use by asset managers globally, is pleased to announce a joint venture with RIMES Technologies Inc., one of the leading international aggregators and distributors of Index and Market Data.

The venture will allow users of the StatPro software packages direct access to a wide range of Index data down to stock-level. In addition, the innovative RIMES web interface will provide a powerful tool for selection of Index data and constituent level data sets which can then be immediately transferred to populate the StatPro performance software.

Benefits for StatPro’s clients will include:

  • A data supply delivered at increased speed
  • Margin for error greatly reduced
  • Increased efficiency with compatible formatting
  • Automatic provision of historical revisions to index data

Commenting on the joint venture, Justin Wheatley, CEO of Statpro said:
“We are delighted to announce our joint venture with RIMES. Our aim at StatPro has always been to provide our clients with not only the very latest technology, but also superior service. As a leading international Index distributor, RIMES will enable us to achieve that mission with great success. We look forward to working with them.”

Commenting on the joint venture, Christian Fauvelais, CEO of RIMES said:
“RIMES and StatPro have combined to provide StatPro users with a powerful but simple to use, method of combining advanced performance measurement software and outstanding Index data coverage. We are very pleased to enter into this agreement. Clients will benefit from our joint venture with StatPro.”

– Ends –

For further information, please contact:

StatPro Group plc

Justin Wheatley, CEO, Mark Bramley, Performance Measurement Director 020 8410 9876

RIMES Technologies UK

Adrianne Harrington 020 7743 6043

RIMES Technologies Corporation

Christian Erlandson 001 212 334 6866

Buchanan Communications

Mark Edwards/Bobbie Swanson 020 7466 5000

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