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StatPro wins £1.45m contract for flagship software product

Thu, 10th Jan 2019 16:17

(Sharecast News) - StatPro Group on Thursday secured a five-year contract with a UK investment manager with a minimum contract value of £1.45m and a significant uplift in annual value.Under the terms of the newly signed contract, the AIM traded company will assist the investment manager in converting from StatPro Seven, which it currently uses for all client reporting processes, to StatPro Revolution.Justin Wheatley, chief executive of StatPro, said: "The reporting requirements carried out by asset managers have become increasingly onerous as regulations have increased, asset types become more complex and clients more demanding."Wheatley added that investment managers are responding to this challenge by implementing digital strategies, calling the company's flagship product, StatPro Revolution, "an ideal solution" to deal with increasingly complex requirements.The company's website states that the integrated, cloud-based performance and risk platform is designed to increase productivity and lower costs by allowing users to access portfolio performance measurement, attribution, contribution, allocation, risk, and compliance analytics through a single browser window."This contract win and extension is very satisfying as it illustrates that StatPro Revolution has come of age and is now widely regarded as the leading performance and risk technology platform," said Wheatley.StatPro's shares were up 2.45% at 125.50p at 1537 GMT.
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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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