StatPro Group PLC $1.2m contract extension for Revolution
April 03 2019 - 2:01AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
03 April 2019
RNS REACH
3 April 2019
StatPro Group PLC
$1.2 million contract extension for Revolution via major 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 contract extension with a major Fund Administrator for
StatPro Revolution worth $1.2 million over the next three years as
the Fund Administrator has secured a new client requiring StatPro's
capabilities.
Fund Administrators are an increasingly important distribution
channel for StatPro, as the Asset Management market looks to
outsource key data management functions.
StatPro Revolution is uniquely adapted to help Fund
Administrators provide portfolio analytics to asset managers,
combining a superior service and lower cost of ownership due to its
cloud-based technology.
StatPro expects to see further growth from major Fund
Administrators during the course of the year.
Justin Wheatley, Group CEO, commented:
"This notable additional business via one of our major Fund
Administrator clients is a clear demonstration of the steady
transformation of the asset management market to outsourcing and
the opportunity this represents for us.
"Our objective is to build on our third party relationships to
enhance our growth and we are strategically well placed to benefit
from this industry trend."
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 Group (www.statpro.com) provides cloud-based portfolio
analytics, asset data services and data management tools for the
global asset management industry and asset management service
providers.
The Group has 10 offices in Europe, North America, South Africa
and Australia, servicing around 500 clients in 40 countries. It is
organised into three divisions: Revolution, Source: StatPro and
Infovest.
Revolution is a global provider of award-winning portfolio
analytics solutions. The cloud-based platform offers vital analysis
of portfolio performance, attribution, risk and compliance.
Revolution helps clients reduce costs, improve client communication
and control investment decisions.
Source: StatPro is a global market data business and provides
Data-as-a-Service to Revolution to enable analytics. The division's
integrated and global data coverage includes millions of securities
covering the full range of financial instruments and
benchmarks.
Infovest, supplies data management solutions for the global
asset management market, including data warehouse technology, ETL,
compliance and reporting tools as well as portfolio management
solutions.
StatPro Group plc shares are listed on AIM.
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END
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