25 Sep 2014 07:00
25 September 2014
RNS Reach
STATPRO GROUP PLC
("StatPro" or the "Group")
StatPro signs 5 year contract renewal with top 10 asset manager for GIPS solution.
StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis for the global asset management industry, today announced it has signed a five year contract renewal worth over £1.6m with a global top 10 asset manager, for its leading Global Investment Performance Standards ("GIPS") compliance solution, StatPro Composites. The continued partnership also makes provision for the client to migrate the solution to StatPro's cloud-based platforms, StatPro Revolution and StatPro R+.
A key element to the renewal was the ability of StatPro Composites (part of the StatPro Seven product suite) to manage a global GIPS certification project which is essential for the client. Scalability was also crucial as the system is required to manage and report on Composites numbering in the thousands, a particular strength of the StatPro solution. This five year renewal demonstrates the client's confidence in StatPro's technology roadmap and our next generation of performance management solutions.
Justin Wheatley, StatPro Group CEO commented, "This five year contract renewal from such an important global client, shows the confidence in our ability to continue to deliver a global GIPS solution. This top 10 asset manager has understood StatPro's commitment to new technology and demonstrated their belief in our roadmap by signing for a further five years, which will include the migration to StatPro Revolution and R+. We are delighted to continue our partnership."
Ends
For further information, please contact:
StatPro Group plc |
| www.statpro.com |
Justin Wheatley, Chief Executive |
| 020 8410 9876 |
Andrew Fabian, Finance Director |
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Cenkos Securities |
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Stephen Keys / Dr Christopher Golden |
| 020 7397 8900 |
Julian Morse (Sales) |
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Newgate Threadneedle |
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Caroline Forde/ Hilary Buchanan/ Josh Royston/ Jasper Randall |
| 020 7653 9850 |
About StatPro
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution, risk and compliance. Hundreds of investment professionals use our services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With over 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes over 3.2 million securities such as global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than £1 million in 1999 to around £28 million at 30 June 2014. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.