27 Sep 2012 07:00
For release at 7.00 am 27 September 2012
STATPRO GROUP PLC
("StatPro" or the "Group")
Appointment of Non-Executive Director
StatPro Group plc, (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announces the appointment of Jane E. Tozer MBE OBE as Non-Executive Director, with effect from 1 October 2012. Jane brings a wealth of relevant experience in the IT sector, working for and advising both public and private companies as well as investment trusts.
Carl Bacon, Chairman of StatPro, commented: "We are delighted to welcome Jane to the Board of StatPro. Her depth of knowledge of the public company arena and the asset management and software industries will be invaluable to us as we seek to deliver increased shareholder value through the long-term profitable growth of the business."
Jane Tozer added: "StatPro has carved out a strong niche in the provision of portfolio analytics, and with the launch of StatPro Revolution, it is leading its market in the use of cloud based technology. I am excited at the prospect of working with such an innovative, UK headquartered global technology business and look forward to working with Carl and the Board to take StatPro into its next stage of growth with StatPro Revolution."
Jane's career started with IBM, after which she was CEO of an innovative software house, Softwright Systems Ltd., taking it from start-up to trade sale. Jane has since held a portfolio of non-executive directorships with large and small companies, ranging from the John Lewis Partnership to technology start-ups. She has also held non-executive roles in the Department for Work & Pensions and the Ministry of Justice, and has acted as advisor to various public sector bodies and investment banks.
Jane Elizabeth Tozer, 64, is currently a non-executive director of F&C Global Smaller Companies plc, JP Morgan Income & Growth plc, Elexon Ltd, Asthma UK, the Information Technologists' Company Charitable Trust and her local Citizen's Advice Bureau. She also runs ITNEA, a networking association for Chairmen and Non-Executive Directors of quoted technology companies, and is a member of the Warwick Business School Advisory Board.
Jane was awarded an MBE for services to the IT sector in 1991, and an OBE for services to the public service and voluntary sector in 2009.
List of directorships that are current or within the last five years:
F&C Global Smaller Companies plc
JP Morgan Income & Growth Investment Trust plc
John Lewis Partnership plc
Elexon Ltd
SurfControl plc
Citizen's Advice Service in Three Rivers Ltd
ITC Charitable Trust
Asthma UK
There is no information in Schedule Two paragraph (g) of the AIM Rules that is required to be disclosed in relation to Jane Tozer.
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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 |
| 020 7397 8926 |
Adrian Hargrave |
| 020 7397 8922 |
Julian Morse (Sales) |
| 020 7397 1931 |
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Newgate Threadneedle |
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Caroline Evans-Jones/ Hilary Millar |
| 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 and risk for hundreds of asset managers, fund administrators, RIAs, CEOs, heads of risk, sales directors, marketing managers and authorised corporate directors. They are now using our cloud services and software products to perform sophisticated analysis, reporting and distribution every day.
With 18 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes 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 £30 million at end June 2012 and currently enjoys a renewal rate of approximately 94%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Group has operations in Europe, North America, South Africa, Asia and Australia and around 350 clients in 28 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.