For immediate release
15 January 2001
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc (“StatPro”) the leading supplier of performance measurement software for use by asset managers globally, today announces excellent progress in securing new clients and, as a consequence, preliminary results for the year to 31 December 2000 will be in line with market expectations.
At the start of 2000, StatPro had 11 contracts. By the end of the year, StatPro had achieved a total of 74; this represents a growth of more than 400% in subscription revenue.
All sales territories (UK, France, Switzerland, Luxembourg, Germany and the USA) have experienced strong growth.
In March 2000, StatPro acquired Paris-based AMS S.A. (“AMS”) for £1.3m. AMS developed and distributed attribution analysis software for the asset management industry and StatPro has since adapted its products with great success. Since AMS’s integration, StatPro has doubled the number of contracts to 23 and increased the value of the annual subscription revenue four-fold.
Justin Wheatley, CEO, said:
“StatPro has had a great 2000.The integration of AMS has gone extremely well and we have won a significant number of contracts from blue-chip clients proving the excellence of our products and our team.
After a successful flotation in May, we have built a formidable sales team that has already delivered excellent results for the year ended 31 December 2000.
We remain confident that our progress will continue and that our business will go from strength to strength. I look forward to another successful year.”
StatPro currently intends to announce its final results on 26 February 2001.
– Ends –
For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive, Andrew Fabian, CFO||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.