31 Jul 2014 15:45
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Don't have an account? Click here to register.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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31 Jul 2014 05:24
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16 Jul 2014 09:00
Wednesday broker round-up UPDATE
Alent: Liberum Capital initiates with a target price of 400p and a buy recommendation. APR Energy: Citi reduces target price from 1350p to 650p and downgrades to neutral. ARM Holdings: FinnCap upgrades from hold to buy with a target price of 1000p. Ashmore Group: Numis ups target price from 350p
Read more4 Jun 2014 10:29
DIRECTOR DEALINGS: Statpro Chairman Buys Shares
LONDON (Alliance News) - Statpro PLC Wednesday said Chairman Carl Bacon bought 10,000 shares at a price of 88.7 pence per share into his self-invested pension plan Tuesday. The company also said Bacon's wife purchased 9,000 shares into her SIPP account at 85.25p per share and sold 9,000 sha
Read more14 May 2014 10:23
Statpro Says Trading So Far In 2014 Has Met Its Hopes
LONDON (Alliance News) - Statpro Group PLC Wednesday said trading in the first four months of 2014 had met its expectations. In a statement ahead of its annual general meeting, the provider of portfolio analysis and asset pricing services for the asset management industry said it is continu
Read more12 Mar 2014 11:32
StatPro Raises Total Dividend, Pretax Profit Hit By Higher Costs
LONDON (Alliance News) - StatPro Group PLC Wednesday raised its total dividend for 2013 and posted a decline in pretax profit, as a slight rise in revenue was offset by higher operating expenses. The cloud-based financial software systems company posted a total dividend of 2.8 pence, up fro
Read more23 Jan 2014 12:45
StatPro Trading In Line With Expectations
LONDON (Alliance News) - StatPro Group PLC said Thursday it had traded in line with expectations in the year ended December 31 2013, as it saw recurring revenue from its StatPro Revolution software more than double, while revenue from its StatPro Seven software declined. StatPro provides so
Read more23 Jan 2014 08:19
UK MORNING BRIEFING: Pearson Warns On 2013, As China Data Disappoints
LONDON (Alliance News) - Shares have opened lower Thursday following disappointing PMI figures from China. Financial and education publisher Pearson is down 5.9% at the open after saying its 2013 performance was weaker than expected, particularly in North America.
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27 Nov 2013 12:00
18 Oct 2013 07:49
Demand grows for StatPro's cloud-based services
Asset management services group StatPro said that third-quarter trading was in line with expectations with a higher rate of new business signed for its fast-growing cloud-based portfolio analysis service, StatPro Revolution. StatPro Revolution's annualised recurring revenue surged by around 85% in
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