StatPro Group PLC Further major international contract win (0629B)

TIDMSOG

RNS Number : 0629B

StatPro Group PLC

14 June 2016

StatPro Group PLC

Further major international contract win includes new Revolution Performance module

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 has entered into a five-year contract with a global American financial institution for a minimum value over the period of US$1.75 million / GBP1.2 million. This contract win comes a week after a similar agreement with an Australian financial institution.

StatPro will supply its Revolution platform including the new Revolution Performance module.

The American company will use StatPro's latest cloud technology to replace its legacy systems, which will enhance the service offering to its many clients and grow its position in the global market.

StatPro Revolution Performance is the core transaction-based performance measurement module that will enable StatPro to complete the process of migrating its clients from StatPro Seven to the cloud-based Revolution platform.

The scalability, speed and efficiency of cloud technology means Revolution Performance will enable large asset managers and fund administrators to reap significant economies of scale and efficiency gains compared to legacy software solutions.

Justin Wheatley, Chief Executive of StatPro, commented:

"This is the second significant win for our flagship service, StatPro Revolution, in as many weeks.

"As our Revolution Performance module approaches its formal launch in the third quarter of this year, we are seeing real interest from a number of regions in our cloud-based platform, which provides complete portfolio analytics and data management."

Enquiries:

 
 StatPro Group plc 
 Justin Wheatley, Chief         +44 (0) 20 8410 
  Executive                                9876 
 Andrew Fabian, Finance 
  Director 
 
 Panmure Gordon - Nomad 
  and Broker 
 Corporate Finance - Freddy 
  Crossley / Fred Walsh /       +44 (0) 20 7886 
  Fabien Holler                            2500 
 Corporate Broking - Tom 
  Salvesen 
 
 Instinctif Partners 
 Adrian Duffield / Lauren       +44 (0) 20 7457 
  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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June 14, 2016 02:00 ET (06:00 GMT)

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