StatPro Group PLC EU investment manager group signs EUR1.2m contract
May 10 2019 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
10 May 2019
RNS REACH
10 May 2019
StatPro Group PLC
EU investment manager group signs three-year EUR1.2m
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, including a significant uplift in
annual value with a EU investment manager for Revolution Delta,
with a minimum contract value of EUR1.2 million.
The investment manager currently uses Revolution Delta for a
variety of purposes but has now added a new module to cover the new
EU Money Market Regulations in order to provide risk reporting to
the regulator.
As regulations evolve, so StatPro is providing its clients with
extended services to mitigate their cost of meeting onerous and
multiple requirements.
Justin Wheatley, Group CEO, commented:
"This contract win and extension for Revolution Delta, our
flagship fixed income service, is a clear demonstration of our
capabilities to widen our services to existing customers.
"Our new EU Money Market Risk service forms an essential part of
our risk compliance offering and is increasingly attractive as
active asset managers are under growing cost pressure from both
competition and regulation - only technology can ensure that they
can remain competitive."
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 450 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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