Statpro Group PLC 5 year contract: Prudential Investment Managers
October 27 2014 - 3:00AM
RNS Non-Regulatory
TIDMSOG
Statpro Group PLC
27 October 2014
27 October 2014
RNS Reach
STATPRO GROUP PLC
("StatPro" or the "Group")
Five year contract with Prudential Investment Managers
StatPro Group plc (AIM: SOG), the AIM listed provider of
portfolio analysis and asset pricing services for the global asset
management industry, is pleased to announce that following the
signing of a five year contract earlier this year with Prudential
Investment Managers, one of South Africa's top ten largest
investment managers, StatPro products are now being rolled out
across a selection of funds.
Prudential Investment Managers has selected StatPro to enable,
amongst its other traditional performance services, secure
cloud-based access to sophisticated portfolio analysis. This
contract underlines StatPro's leading position in the high growth
South African asset management market. There is a growing
acceptance of the cloud model for the delivery of portfolio
analysis by some of the world's largest investment managers.
Justin Wheatley, StatPro Group CEO, commented: "StatPro
Revolution's cloud-based interface allows users to interrogate and
understand data that traditionally lay buried in rows of numbers,
and is an extremely beneficial product to any asset manager seeking
greater transparency on their performance numbers. StatPro's
portfolio-based model will allow unlimited users to access and
interrogate portfolio performance in a highly secure cloud
environment."
Meagen Burnett, Chief Operating Officer at Prudential Investment
Managers, adds: "We were exhaustive in our search for a complete
performance solution, and are pleased to have contracted with
StatPro. We believe this to be a best of breed solution in the
South African market."
The transaction will see StatPro providing performance services
to Prudential Investment Management for the next five years,
transitioning the investment manager from StatPro's traditional
product set and onto its cloud-based products namely StatPro
Revolution and, when agreed to be ready, StatPro R+.
Ends
For further information, please contact:
StatPro Group plc www.statpro.com
Justin Wheatley, Chief Executive 020 8410 9876
Andrew Fabian, Finance Director
Cenkos Securities
Stephen Keys / Dr Christopher
Golden 020 7397 8900
Julian Morse (Sales)
Newgate Threadneedle
Hilary Buchanan/ Josh Royston/
Jasper Randall 020 7653 9850
About StatPro
StatPro is a global provider of portfolio analytics for the
investment community. Our cloud-based services provide vital
analysis of portfolio performance, attribution, risk and
compliance. Hundreds of investment professionals use our services
directly or through a fund administrator/partner to perform
sophisticated analysis, reporting and distribution every day.
With over 20 years of experience and expertise, we believe
analytics should be sophisticated yet simple and useful as well as
secure. StatPro data coverage includes over 3.2 million securities
such as global equities, global bonds, global mutual funds, most
families of benchmarks, FX rates, sector classifications and much
else besides.
StatPro has grown its recurring revenue from less than GBP1
million in 1999 to around GBP28 million at 30 June 2014. StatPro
floated on the main market of the London Stock Exchange in May 2000
and transferred its listing to AIM in June 2003. The Group has
operations in Europe, North America, South Africa, Asia and
Australia and approximately 500 clients in 36 countries around the
world. Approximately 80% of recurring revenues are generated
outside the UK.
About Prudential Investment Managers
Prudential Investment Managers is one of South Africa's top 10
largest asset managers, with nearly R180billion in AUM. Established
in 1994, Prudential has built up a track record for consistently
strong investment performance. Clients also benefit from their
global heritage as part of the Prudential plc group, founded over
160 years ago, with more than GBP443 billion under management
worldwide.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRALLFVFIDLSFIS
Statpro (LSE:SOG)
Historical Stock Chart
From May 2024 to Jun 2024
Statpro (LSE:SOG)
Historical Stock Chart
From Jun 2023 to Jun 2024