25 Jun 2014 07:00
For Release at 07.00 via RNS Reach 25 June 2014
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
StatPro supplying performance and risk management services to Capita Asset Services
StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and data solutions for the global asset management industry, announces that having secured a contract earlier in the year with Capita Asset Services, a leading fund administrator and authorised corporate director, its service is now live.
Capita's fund data has been integrated with StatPro Revolution's advanced analytics, giving Capita's appointed investment managers and clients the ability to receive advanced daily risk and performance analysis reporting. In many cases this will reduce the operational costs of maintaining a separate analytics system and provide fund managers with accurate, transparent, and timely analytics from a combined Capita and StatPro service.
Capita will also use StatPro Revolution, in its capacity as Authorised Corporate Director, to enhance its oversight capabilities and streamline risk monitoring, using daily ex-ante risk, performance and exposure analysis.
Justin Wheatley, CEO StatPro, comments: "We are thrilled about our contract with Capita Asset Services. A combined Capita and StatPro service is an exciting proposition for Capita's appointed investment managers and clients. Capita will feed its fund data into StatPro Revolution and we will provide transparent, interactive and on-demand analysis. It's a one stop solution for investment managers."
Karl Midl, Director, Relationship Management and UK Business Development, Capita Asset Services Fund solutions comments: "Fund managers rely on accurate and timely information on which to base complex decisions that affect the performance of funds and the prosperity of investors. As such Capita Asset Service is always looking for effective, innovative ways to improve the flow of data to its investment managers and clients."
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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 | ||
Cenkos Securities | ||
Stephen Keys / Dr Christopher Golden | 020 7397 8900 | |
Julian Morse (Sales) | ||
Newgate Threadneedle | ||
Caroline Forde/ 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. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 20 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 around £29 million at 31 December 2013. 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 450 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.
About Capita Asset Services
Capita Asset Services' fund solutions business is part of Capita Plc, a FTSE 100 company. It has 550 employees in the UK, Channel Islands and Ireland, servicing over 300 funds with over £40bn assets under administration.