LONDON (Alliance News) - StatPro Group PLC on Tuesday said it has won a GBP1.2 million five-year contract with a US financial institution.
StatPro, which provides portfolio analysis and asset-pricing services to the asset management industry, said it will supply its Revolution performance measurement platform to the customer, which will use the platform to replace its legacy systems.
The deal follows on from a GBP2.3 million, three-year deal StatPro announced last week for the Revolution Performance platform.
"This is the second significant win for our flagship service, StatPro Revolution, in as many weeks. As our Revolution Performance module approaches its formal launch in the third quarter of this year, we are seeing real interest from a number of regions in our cloud-based platform, which provides complete portfolio analytics and data management," said StatPro Chief Executive Justin Wheatley.
StatPro shares were up 3.0% to 85.00 pence Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.