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StatPro buys US-based Investor Analytics

Fri, 22nd Jan 2016 10:20

(ShareCast News) - AIM-listed StatPro has acquired US-headquartered, cloud-based risk analytics company Investor Analytics LLC for a cash consideration of $10m (£7m).The company, which provides portfolio analysis and asset pricing services for the global asset management industry, said there is an additional contingent payment of up to $6m, payable after one year and dependent on securing a number of new contract wins.StatPro said the deal, expected to be earnings-enhancing in 2016 on a pro-forma basis following completion of the integration programme, will significantly increase its US presence, enhancing geographical reach.The group expects to benefit form cost synergies of approximately $1m per annum for data feeds, administrative services and other costs.In addition, it said the transaction will raise its cloud-based annual recurring revenue to 35% of total revenue, from 27%.StatPro is financing the deal by increasing its debt facility with the technology finance division of Wells Fargo Capital Finance to around £24.5m, £17m of which is committed.Chief executive Justin Wheatley said: "This earnings enhancing acquisition brings an excellent complementary cloud-based risk service which strengthens and broadens our product and service offering globally."IA also brings a highly professional team, new clients and provides greater market penetration into the important US market."At 1030 GMT, StatPro shares were up 2.9% to 72p.
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9 Jan 2017 08:42

Statpro scores £1.5m contract with South African asset manager

(ShareCast News) - Statpro, an AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has signed a five-year contract with a global South African asset manager for a minimum value of around £1.5m. The client will use StatPro Seven

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9 Jan 2017 08:25

StatPro Wins GBP1.5 Million Contract With South African Asset Manager

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31 Oct 2016 09:39

BROKER RATINGS SUMMARY: HSBC Raises IAG To Hold From Reduce

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19 Oct 2016 11:28

StatPro Group trading in line with expectations as it expands cloud platform

(ShareCast News) - Cloud-based software provider StatPro Group said it has been trading in line with expectations as it expanded its data platform product. In a trading update for the nine months ended 30 September, revenue and profits were in line with expectations for the year. Annualised recurri

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19 Oct 2016 07:07

StatPro Trading In Line With Strong Growth From Revolution Platform

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19 Sep 2016 06:53

StatPro's InfoVest Wins GBP1 Million Extension With US Asset Manager

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5 Sep 2016 15:14

StatPro signs £1.5m deal with US asset manager

(ShareCast News) - Cloud-based portfolio analysis and asset pricing services provider StatPro Group announced on Monday it has entered into a three-and-a-half-year contract with a US-headquartered "top ten global asset manager" for its Global Investment Performance Standards (GIPS) Composites servic

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3 Aug 2016 14:42

StatPro swings to loss as cloud services take flight

(ShareCast News) - Portfolio analysis tools provider StatPro Group posted its interim results for the six months to 30 June on Wednesday, with group revenue up 14% to £17.55m from £15.44m a year ago. The AIM-traded company said its flagship product, StatPro Revolution, had underlying revenue up 64%

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3 Aug 2016 07:31

StatPro Swings To Interim Loss On One-Off Costs But Revenue Surges

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19 Jul 2016 15:11

International contracts drive first half at StatPro

(ShareCast News) - Portfolio analysis and asset pricing service provider StatPro Group posted a trading update for the six months to 30 June on Tuesday, reporting a 26% increase in group annualised recurring revenue to £36.2m. The AIM-traded firm said that on a constant currency basis the rise was a

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19 Jul 2016 09:55

StatPro half-year recurring revenues soar 26%

(ShareCast News) - Investment software maker StatPro Group said half year annualised recurring revenues (ARR) rose 26% to £36.2m "Our forward order book continues to grow and we are trading in line with our expectations for the year as a whole," the company said in a trading statement. ARR from its

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19 Jul 2016 08:41

StatPro Recurring Revenue Grows In Half And On Track For Full Year

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14 Jun 2016 07:29

StatPro Wins GBP1.2 Million, Five-Year Deal With US Financial Group

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6 Jun 2016 06:22

StatPro Wins GBP2.3 Million Deal With Australian Financial Group

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19 May 2016 08:39

StatPro Making Progress On Cloud Push As Trading Meet Expectations

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