For immediate release
16 May 2001
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (“StatPro”) a leading supplier of performance measurement software for use by asset managers globally, today announces continued progress in securing new clients.
At the AGM this afternoon, Carl Bacon, Chairman, will report the following:
“I am pleased to report that we have signed 29 contracts since the start of the year leading to a total of 103 contracts. This compares with 13 new contracts (excluding the contracts acquired with AMS) in the comparative period in 2000. The average value of new contracts signed in 2001 has also increased by over 35% compared with the average value of contracts at the end of 2000. We have also recently signed a 5 year deal with a major UK asset manager to supply StatPro Performance & Attribution and Composite systems for £ 1,125,000. Progress has been achieved in all territories with the strongest performance in the UK. The pipeline of new business remains positive and we remain confident that we will continue to close deals at a steady rate.”
StatPro currently intends to announce its interim results in August 2001.
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
|Mark Edwards/Bobbie Swanson||020 7466 5000|