TIDMSOG
RNS Number : 9969K
StatPro Group PLC
28 September 2016
28 September 2016
StatPro Group PLC
World's most scalable performance measurement system for asset
managers launched
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the
cloud-based portfolio analysis and asset pricing services provider
for the global asset management industry, launches today a major
expansion of its Revolution platform with a new cloud-based
performance measurement service, StatPro Revolution
Performance.
StatPro Revolution Performance simplifies the critical process
of performance measurement for asset managers at a time when data
management complexity grows and demands from regulators and clients
continue to increase.
Asset managers are struggling to keep pace with rapid change in
the industry, with many systems operating at peak load and failing
to meet ever-shorter calculation deadlines. StatPro Revolution
Performance provides immense scalability with data control and
workflow for asset managers of any size and enables them to utilise
the enormous scalability of the cloud, which will make entirely new
levels of productivity a reality.
Justin Wheatley, Chief Executive, commented:
"We are delighted to launch this core service of our Revolution
platform, today. Over the last decade we have designed and built a
unique cloud-based performance measurement service for asset
managers.
"StatPro Revolution Performance significantly reduces the
turnaround time for delivering portfolio performance results to
stakeholders. It enables clients to manage and control data more
efficiently, calculate results faster than ever before, and
distribute results for analysis and reporting, all within a single
platform.
"We always look to provide our clients with significant
productivity gains, but the productivity gains promised by
Revolution Performance are of a different magnitude. We believe the
business benefits of our new cloud technology will transform the
way asset managers calculate performance."
Analyst and investors presentation
StatPro is hosting an analyst and investors presentation today.
Justin Wheatley, the Group's Chief Executive Officer, is leading
the event with presentations from other key executives covering
StatPro Revolution. There will be no material information published
and the presentations will be published on the Group's website
later today.
Client launch event
The Group is also hosting a launch event today for clients:
2:00pm at Banking Hall, 14 Cornhill, London.
Asset management industry
The asset management industry has grown rapidly since the
1980's. In 1980, US mutual funds had just $135 billion in assets;
by 1990 that had risen to $5 trillion. Today, it is estimated that
total assets under management in pensions, insurance, mutual funds,
hedge funds and private wealth accounts is around $100 trillion.
This makes the asset management industry a significant portion of
the financial markets.
At the same time, the systems that were first implemented for
the industry have failed to keep up with the huge growth in assets,
complexity and sophistication of the asset management business. In
addition a plethora of regulations have been imposed by governments
and regulatory bodies.
Systems
Very few asset managers of any size have only one system for
performance measurement and most have many. This situation evolved
as different parts of any one organisation selected different
systems, including the front office for managing money, the middle
office for reporting to clients and the back office for reporting
to private clients.
StatPro believes that if asset managers rationalised these
systems the savings made would be considerable, not only in system
costs and duplicated IT and data licenses, but also in the effort
to manage and reconcile differing numbers from different
systems.
The challenge for any single system is to be scalable in order
to handle large volumes of portfolios to be able to manage private
client portfolios, fast enough to provide timely data to the front
office and sufficiently precise to meet the needs of the middle
office for reporting and compliance purposes.
StatPro Revolution Performance meets all these requirements.
StatPro Revolution Performance leverages the huge scale of the
Amazon Web Services (AWS) and its elastic cloud. AWS has over 5
million servers across its many data centres. StatPro Revolution
Performance can auto-scale (automatically request additional
servers) to meet required calculation times.
For example, a client can stipulate that a calculation take no
more than 30 minutes and the service will request sufficient
servers to meet this time frame. This innovation liberates asset
managers from lengthy and unpredictable calculation windows using
fixed IT infrastructure.
What used to take one to two days can now be done in a few
hours. This in turn will increase the productivity and service
quality that asset managers and fund administrators can offer their
clients.
StatPro Revolution
StatPro Revolution Performance is an integral part of StatPro
Revolution. StatPro Revolution offers many performance analytics,
multiple attribution models, multiple risk models, stress tests,
back testing and scenario analysis as well as multiple reporting
and integration solutions. The combination of all these analytics
connected to the power of the Performance platform makes StatPro
Revolution unique in range and depth of functionality as well as
being hugely scalable.
Today, StatPro has three clients paying for early versions of
StatPro Revolution Performance. Two of these clients are fund
administrators who serve a large number of clients.
StatPro will now be able to convert fully its clients who are
using its SDH (StatPro Data Hub) and SPA (StatPro Performance and
Attribution) modules of StatPro Seven to StatPro Revolution,
approximately 100 clients.
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 +44 (0) 20 7886
Crossley / 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 open source Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP36 million at the end of
June 2016. 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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