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StatPro takes controlling interest in its South Africa partner

Fri, 12th Feb 2016 11:28

(ShareCast News) - StatPro made an expansion in the South African market on Friday, acquiring 51% of its existing partner in the country - InfoVest - in a cash-free transaction.InfoVest was described by the AIM-traded company as a South Africa-headquartered software provider, specialising in data warehouse, ETL and reporting software for the asset management industry.The purchase was being made via the transfer of StatPro Portfolio Control (SPC) licence agreements to InfoVest, which StatPro had provided to South African clients and which InfoVest currently supported on behalf of StatPro."Owing to increased regulations there is a clear demand for compliance management solutions in a post-trade environment such as SPC," said chief executive Justin Wheatley."With the InfoVest team backing SPC, we can now supply this solution to more clients. This partnership will also mean that StatPro and InfoVest will be able to support and cross-sell each other's products and services," he added.Based on unaudited results for the year ended 28 February 2015, InfoVest reported revenue of ZAR 18m (£0.76m), including around £0.13m revenue for supporting SPC."This transaction provides a fantastic platform for InfoVest to expand rapidly into new markets and territories in partnership with StatPro," said InfoVest CEO Robin Kemper."We have already built a strong relationship with StatPro and SPC and believe that we can capitalise further on this relationship in the Investment Data Management and Compliance reporting space in support of StatPro's core Revolution strategy," he added.At 1100 GMT, shares in StatPro Group were flat at 72.5p.
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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

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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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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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