For immediate release
26 June 2000
STATPRO GROUP PLC
(“StatPro” or the “Group”)
STATPRO GROUP PLC SIGNS PRODUCT MARKETING AGREEMENT WITH RUSSELL/MELLON
StatPro Group plc (‘StatPro’), the specialist software suppliers to the asset management industry, which recently floated on the London Stock Exchange, announces
a trading agreement with Russell/Mellon Analytical Services (‘Russell/Mellon’), one of the worlds largest providers of investment analysis tools for institutional investors.
Statpro and Russell/Mellon have joined forces to provide an integrated solution for Russell/Mellon’s many RPA clients through the development of a product called ‘StatPro RPA’.
StatPro RPA compliments and extends the benefits of existing, well established products from each company – StatPro’s Compass software and Russell/Mellon’s RPA StatPro’s Compass assists asset managers in complying with GIPS (Global Investment Performance Standards). Russell/Mellon’s RPA product has the largest market share of any Attribution product currently sold. StatPro RPA is another part of StatPro’s partnership strategy to increase the distribution of its products by finding complimentary product fits.
‘Our mutual clients can use StatPro RPA to link RPA attribution to Statpro’s Compass.’ said Corinne Collie, Director for Russell/Mellon in Europe. ‘It will also give them added flexibility in the reporting of their attribution results.’
‘StatPro is delighted to work with Russell/Mellon.’ Said Justin Wheatley, Chief Executive, StatPro Group plc, ‘They have an outstanding reputation for service to their clients. StatPro RPA provides our mutual clients state-of-the-art reporting that can be customised to suit their needs, drawing upon over 90 statistics and other analytics.’
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Mark Edwards||020 7466 5000|