StatPro Group PLC AGM statement and trading update (6966N)
May 20 2015 - 2:00AM
UK Regulatory
TIDMSOG
RNS Number : 6966N
StatPro Group PLC
20 May 2015
20 May 2015
StatPro Group PLC
AGM statement and trading update
StatPro Group plc, (AIM: SOG, "StatPro", "the Group"), the
leading provider of portfolio analysis and asset pricing services
for the global asset management industry, is holding its Annual
General Meeting today.
Carl Bacon, the Group's Chairman, will make the following
statement:
"Trading in the first quarter of the current financial year to
31 December 2015 was in line with our expectations. With 20% of our
annualised contracted revenue now coming from our cloud services,
we are making good progress towards becoming a pure cloud-based
analytics service provider and look forward to making further
headway in the rest of this year.
"New sales of our flagship product, StatPro Revolution, continue
to progress well, and we have signed new business both from new
clients and upsells to existing clients.
"We continue to invest in our cloud-based capabilities and are
launching the Advanced Risk Management module in the next few weeks
as planned. This will expand the analytical capabilities of the
StatPro Revolution platform to include advanced risk analytics and
a new data model, based on market value prices. This is one of a
number of enhancements to the product planned for 2015.
"Development of the StatPro Revolution performance module
continues well and will be launched later in 2015.
"We are also delighted that StatPro Revolution was recently
awarded the prestigious 2015 Financial Technologies Forum Award for
the 'Best Performance Measurement & Attribution System'. This
clearly demonstrates that our new technology can compete strongly
against longer-established competitors.
"The resilience of StatPro Seven continues with annualised
recurring revenue for StatPro Seven remaining unchanged as net new
sales for this product offset any cancellations or reductions."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive 020 8410 9876
Andrew Fabian, Finance Director
Cenkos Securities
Stephen Keys / Dr Christopher
Golden 020 7397 8900
Instinctif Partners
Adrian Duffield/Lauren Foster 020 7457 2020
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. Thousands of
investment professionals use StatPro's premium services directly or
through a fund administrator or partner to perform advanced
portfolio analysis, data management, reporting and online
distribution every day. This multi-asset class, analytics platform
helps StatPro's clients increase assets under management, improve
client service, meet tough regulations and reduce costs.
With over 20 years' experience combining technology and industry
expertise, StatPro believes portfolio analytics should add value,
insight and competitive advantage while being flexible, scalable
and cost-effective. The Group's integrated and global data coverage
includes over 3.2 million securities such as equities, bonds,
mutual funds, FX rates, futures, options, OTCs, sector
classifications and much else besides. StatPro also covers most
families of benchmarks including MSCI, FTSE, Russell, NASDAQ and
the licence free Freedom Index.
StatPro has grown its recurring revenue from less than GBP1
million in 1999 to around GBP29 million at 31 December 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 37 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
END
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