StatPro Group PLC Contract with large US asset service provider
January 15 2019 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
15 January 2019
RNS REACH
15 January 2019
StatPro Group PLC
Large US asset service provider signs $1.5 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 with a US asset management service
provider for one of its clients to use StatPro Revolution, with a
minimum contract value of US$1.5 million.
One of the Group's existing US asset service providers has
gained a new client for its platform and as part of the contract,
the new client has also subscribed to StatPro Revolution for
performance and risk services. This is its sixth client to use
Revolution.
Justin Wheatley, Group CEO, commented:
"Our strategy is to supply our flagship Revolution service to
fund administrators and asset management service providers so they
can offer higher quality performance and risk services to their
clients.
"As the asset management market increasingly turns to
outsourcing in order to reduce costs, we are uniquely placed to
work with the largest outsourcing providers and derive new business
from these sources.
"Winning a large new client by working closely with an existing
partner is further evidence that our strategy is bearing
fruit."
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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