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Statpro scores £1m contract with South African finance group

Tue, 23rd Oct 2018 09:09

(Sharecast News) - Statpro on Tuesday secured a five-year contract worth approximately £1m to provide its Infovest service to a "large South African financial institution".The South African party is an existing client of Statpro but this is the first time it has purchased an Infovest product, which it will use to provide a consolidated view of its market positions on a daily basis, as well as enabling business intelligence and analytics.Justin Wheatley, group chief executive, said: "This contract win is confirmation of the excellent quality of our Infovest data management solution. Infovest's vast experience in providing data management solutions in the financial sector, along with its strong focus on data governance and excellent implementation track record, were significant factors in the awarding of the contract."The AIM traded cloud-based portfolio analytics and asset pricing services provider's platform provides analysis of portfolio performance, attribution, risk and compliance in order to help company's comply with regulations and meet cost-cutting targets."We see data management and governance as significant growth drivers for StatPro as most asset managers and financial institutions need a cost effective and efficient way to manage ever increasing volumes of data," said Wheatley.Statpro's shares were up 2.47% at 124.50p at 0939 BST.
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(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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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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StatPro Wins GBP1.2 Million, Five-Year Deal With US Financial Group

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StatPro Wins GBP2.3 Million Deal With Australian Financial Group

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StatPro Making Progress On Cloud Push As Trading Meet Expectations

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