StatPro Group PLC Revolution contract win
January 10 2019 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
10 January 2019
RNS REACH
10 January 2019
StatPro Group PLC
UK Investment Manager group signs GBP1.45 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 five-year contract with a UK investment manager
converting from StatPro Seven to StatPro Revolution, with a minimum
contract value of GBP1.45 million and a significant uplift in
annual value.
The investment manager currently uses StatPro Seven for all its
client reporting processes and will replace this with StatPro
Revolution.
Justin Wheatley, Group CEO, commented:
"The reporting requirements carried out by asset managers have
become increasingly onerous as regulations have increased, asset
types become more complex and clients more demanding.
"Investment managers are responding by improving efficiency and
transparency via intelligent digital strategies - our flagship
product, StatPro Revolution, is an ideal solution to meet the
increasing requirements.
"This contract win and extension is very satisfying as it
illustrates that StatPro Revolution has come of age and is now
widely regarded as the leading performance and risk technology
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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