StatPro Group PLC Large UK Investment Manager signs £2.35m contract
January 08 2019 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
08 January 2019
RNS REACH
8 January 2019
StatPro Group PLC
Large UK Investment Manager group signs GBP2.35 million
contract
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
secured a three-year contract extension with a large UK investment
manager for its Revolution Delta service, with a minimum contract
value of GBP2.35 million.
Justin Wheatley, Group CEO, commented:
"The investment manager uses Revolution Delta to manage
multi-asset risk and fixed income investments. The precision of the
fixed income pricing as well as the broad functionality of the
service make Revolution Delta the ideal solution for their front
office.
"This significant contract extension underlines the quality of
the Revolution Delta product for customers operating in the fixed
income markets and is a confirmation of our capability to provide
Revolution Delta clients continuity of service from within our
Revolution platform."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon - Nomad and Broker
Corporate Finance - Freddy Crossley
/ Fabien Holler +44 (0) 20 7886 2500
Corporate Broking -James Stearns
Instinctif Partners
Adrian Duffield/Kay Larsen/Chantal
Woolcock +44 (0) 20 7457 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.
The Group has operations in Europe, North America, South Africa,
Asia and Australia, with hundreds of clients in 39 countries around
the world.
StatPro has grown its Annualised Recurring Revenue from less
than GBP1 million in 1999 to around GBP55 million at the end of
September 2018. Around 80% of recurring revenues are generated
outside the UK. StatPro Group plc shares are listed on AIM.
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END
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