Statpro Group PLC 5 year contract renewal with global asset manager (5090X)

TIDMSOG

RNS Number : 5090X

Statpro Group PLC

20 November 2014

RNS REACH

STATPRO GROUP PLC

("StatPro", "the Company" or "the Group")

5 year contract renewal with global asset manager

StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announced it has signed a five year contract renewal worth GBP0.6m with a large, global asset manager, for its leading Global Investment Performance Standards ("GIPS") compliance solution, StatPro Composites.

StatPro Composites is an industry leading product recognised globally for scalability, flexibility and customisability. It is a multi-lingual and multi-currency solution that has enabled over 500 GIPS compliance verifications globally.

Justin Wheatley, Chief Executive of StatPro, commented, "This five year contract renewal from such an important global client reinforces the confidence in our ability to continue to deliver a global GIPS solution. It demonstrates the client's confidence in StatPro's technology roadmap and our next generation of performance management solutions. We are delighted at our continued partnership."

- 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/ 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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