StatPro Group PLC AGM statement and trading update (6620Y)
May 19 2016 - 2:01AM
UK Regulatory
TIDMSOG
RNS Number : 6620Y
StatPro Group PLC
19 May 2016
19 May 2016
StatPro Group PLC
AGM statement and trading update
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM
listed provider of cloud-based 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 is
in line with our expectations. With approximately 36% of our
annualised contracted revenue now coming from our cloud services,
we continue to make good progress towards becoming a pure
cloud-based analytics service provider.
"New sales of our cloud service, StatPro Revolution, progressed
well. We have signed new business from new clients and conversions
and upsells to existing clients. The pipeline for the remainder of
the year is strong.
"We continue to invest in our cloud-based capabilities and
StatPro Revolution Performance will be launched, as planned, in Q3
2016.
"The integration of the recently acquired Investor Analytics is
proceeding as planned with a focus on business synergies and the
integration of the IA product into the Revolution platform.
"The InfoVest acquisition, which is being run as an autonomous
operation, is making good progress with the new focus on sales and
support for StatPro Portfolio Control.
"As separately announced this morning, immediately following the
AGM, we will be appointing David Courtley and Rory Curran as
non-executive directors. Their wealth of experience in growing
technology businesses will make a great contribution at this
exciting time in our evolution."
Enquiries:
StatPro Group plc
+44 (0) 20 8410
Justin Wheatley, Chief Executive 9876
Andrew Fabian, Finance Director
Panmure Gordon - Nomad and Broker
Corporate Finance - Freddy Crossley / +44 (0) 20 7886
Fred Walsh / Fabien Holler 2500
Corporate Broking - Tom Salvesen
Instinctif Partners
+44 (0) 20 7457
Adrian Duffield / Lauren Foster 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. This multi-asset
class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations
and reduce costs.
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 Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP32 million at end December
2015 (including Investor Analytics and InfoVest acquisitions in
2016 on a pro forma basis). The Group has operations in Europe,
North America, South Africa, Asia and Australia, with hundreds of
clients in 38 countries around the world. Approximately 80% of
recurring revenues are generated outside the UK. StatPro Group plc
shares are listed on AIM.
This information is provided by RNS
The company news service from the London Stock Exchange
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