Statpro Group PLC StatPro signs referral partner in Korea
November 06 2014 - 2:02AM
RNS Non-Regulatory
TIDMSOG
Statpro Group PLC
06 November 2014
6 November 2014
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STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
StatPro signs referral partner in Korea
StatPro Group plc (AIM: SOG), the AIM listed provider of
portfolio analysis and asset pricing services for the global asset
management industry, announced today that it has signed an
agreement with NICE Pricing and Information ("NICE P&I"), a
major provider of price and pricing information on diverse
financial securities, who will act as a referral partner in Korea.
The partnership agreement is the first of its kind in the region
and will make StatPro Revolution, StatPro's cloud-based portfolio
analytics platform offering performance, attribution, compliance
and risk analytics, available to the growing number of asset
managers and institutional investors in the Korean Market.
NICE P&I's core business includes bond pricing, bond indices
and consulting services. It has built a strong network within the
market and has a thorough understanding of the many layers of
financial organisations in Korea. Clients referred by NICE P&I
who sign up to StatPro Revolution will be able to view highly
visual daily performance, risk, contribution, and attribution
analysis, all in one place.
Mr. Youngha Han, Ph.D, Managing Director of NICE P&I
commented, "We are pleased to be partnering with StatPro, a
globally renowned player in portfolio analytics solutions. Working
together in the future we will be able to satisfy the needs of
domestic and global investors by fully committing our expertise in
bond pricing and asset management."
Justin Wheatley, Chief Executive of StatPro, commented: "StatPro
Revolution's cloud-based delivery model enables us to service
clients anywhere in the world without the need for a significant
on-the-ground presence, and we believe the best way to capitalise
on opportunities in new territories is through partnerships with
experts in their respective markets. This agreement with NICE
P&I represents not only a new territory for StatPro but is also
an excellent example of our growing indirect distribution
network."
"With NICE P&I we will be able to satisfy a growing demand
in the Korean market for enhanced portfolio analytics and reporting
solutions. The partnership also tackles the traditional market's
data issue by providing a platform for distributing Korean indices
to the clients of StatPro Revolution. We are understandably excited
to see what the future holds."
- 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 NICE P&I
Established in June 2000, NICE P&I is a major provider of
price and pricing information on diverse financial securities
covering domestic and foreign bonds, derivatives and unlisted
stocks. Combining pricing information with IT, it also offers
financial consulting services such as bond management support
systems and financial solution services including a credit risk
management system(/w NICE C&I) and GIPS Verification System (/w
N-GIPs). In addition, Nice P&I supports investment
professionals with the yearly NICE BOND ACADEMY.
NICE P&I carries out its commitment to provide fair price
estimates on financial securities by building sound networks in the
market, and applying and maintaining a fair and credible pricing
model in the hands of in-house pricing specialists to further
improve integrity and credibility of financial markets and to
support appropriate accounting management.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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