Statpro Group Plc - StatPro signs three-year contract with leading independent fund administrator, FundBPO Pty Ltd (FundBPO).
July 31 2017 - 2:05AM
31 July 2017
StatPro Group PLC
StatPro signs three-year contract
with leading independent fund administrator, FundBPO Pty Ltd
(FundBPO).
StatPro Group plc, ("StatPro",
"the Group", AIM: SOG), the AIM listed provider of cloud-based
portfolio analytics and asset pricing services for the global asset
management industry, has signed a three-year contract extension
with FundBPO for StatPro Revolution, including
a portfolio usage increase and an extension of consulting.
FundBPO Pty Ltd (FundBPO), one of
Australia's leading independent fund administrators, provides fund
administration services to more than 630 managed funds,
administering more than AUD$114 billion of funds globally.
As FundBPO is experiencing growth
in demand for its middle office services, it is looking for a
solution to meet its growing performance measurement and risk
analytics needs. With a long-standing and trusted relationship with
StatPro, FundBPO selected the Revolution platform to enhance their
systems as they continue to invest in technology, providing their
clients with a better experience.
Martin Smith,
FundBPO Chief Executive Officer, commented:
"Our business is built on strong operational processes and
technology platforms and we partner with specialist vendors such as
StatPro to develop the applications we need to support our
operations. Revolution's performance and risk reporting helps us
create an optimal operating and reporting environment for our
clients and their investors."
Justin Wheatley,
Group CEO, commented:
"We have worked with FundBPO for many years and seen their
tremendous growth. FundBPO is now in a position to adopt StatPro
Revolution, which is fast becoming the de facto solution for fund
administrators. This enables reduced turnaround time to clients by
using StatPro's highly scalable performance and risk
service.
"As asset managers increasingly look to outsource their
routine processes due to regulation and cost pressures, they will
gravitate towards those fund administrators that have invested in
the best technology, which provides a service that asset managers
cannot match."
Enquiries:
StatPro Group plc |
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Justin
Wheatley, Chief Executive |
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+44
(0) 20 8410 9876 |
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Andrew
Fabian, Finance Director |
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Panmure Gordon - Nomad and Broker |
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Corporate Finance - Freddy Crossley / Fabien Holler |
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+44
(0) 20 7886 2500 |
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Corporate Broking - Tom Salvesen |
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Instinctif Partners |
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Adrian
Duffield / Chris Birt |
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+44
(0) 20 7457 2020 |
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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 Annualized
Recurring Revenue from less than £1 million in 1999 to around £53
million today. The Group has operations in Europe, North America,
South Africa, Asia and Australia, with hundreds of clients in 39
countries around the world. Approximately 80% of recurring revenues
are generated outside the UK. StatPro Group plc shares are listed
on AIM.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Statpro Group Plc UK via Globenewswire
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