StatPro Group PLC Cloud conversion for global fund administrator
May 14 2018 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
14 May 2018
RNS Reach
14 May 2018
StatPro Group PLC
Cloud conversion and extension for top 10 global fund
administrator
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 multi-year cloud conversion and extension contract from
StatPro Seven to StatPro Revolution with a top 10 global fund
administrator, which has over $1.5 trillion funds under
administration.
The contract, worth at least $500,000 per annum, is aligned with
the Group's strategy to target global fund administrators,
partnering to build state of the art technology platforms to
provide improved services to the asset management industry.
Fund administrators are increasingly required to provide a wide
range of complex technologies to deliver the services that asset
managers need. StatPro Revolution has been tailor-made to address
these complex portfolio analytics requirements, using advanced
technology to fulfil these needs under a single platform
solution.
Justin Wheatley, Group CEO, commented:
"As asset managers increasingly look to outsource their routine
processes due to regulation and cost pressures, they will
increasingly gravitate towards those fund administrators that have
invested in the best technology and unmatched service.
"Our strategy is to address the needs of the global fund
administration industry to provide best in class cloud-based
portfolio analytics technology to their asset management
clients."
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
/ Fabien Holler 2500
Corporate Broking - James Stearns
Instinctif Partners
+44 (0) 20 7457
Adrian Duffield / Chris Birt 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 Annualized Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million at the end of
December 2017. 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 information is provided by RNS
The company news service from the London Stock Exchange
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