10 Sep 2009 07:00
| For release at 07.00 a.m. | 10 September 2009 |
STATPRO GROUP PLC
("StatPro" or the "Group")
Contract Wins
11 contracts signed over the summer and continued progress with SaaS platform
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces its has signed new or extended multi-year contracts for a variety of data and analytics services with 11 asset management firms in North America, Europe and South Africa. The contracts were signed with Nomura Asset Management, MFC Global Investment Management, Aviva, Alexander Forbes, JO Hambro Capital Management, Société General Securities Services, Credem, Bank Syz, State Street, RBC Dexia Investor Services and Hyperion Brookfield Asset Management. These contracts support StatPro's business objectives for the year and add to the Group's high levels of recurring revenue under contract.
Commenting on progress during the summer Justin Wheatley, Chief Executive of StatPro said, "StatPro's goal is to provide high quality data and analytics to our global customers via our new SaaS platform. StatPro leads the way in innovative and useful analysis of managed portfolios and through reducing the total cost of ownership via the SaaS model we aim to make our services available to a far larger addressable market. This high level of business over the summer months means we continue to be on track with our business objectives."
For further information, please contact:
| StatPro Group plc | www.statpro.com | |
| Justin Wheatley, Chief Executive | 020 8410 9876 | |
| Andrew Fabian, Finance Director | ||
| Cenkos Securities | ||
| Jon Fitzpatrick / Ken Fleming | 0131 220 6939 | |
| Julian Morse | 020 7397 1931 | |
| ICIS | ||
| Tom Moriarty / Caroline Evans-Jones | 020 7651 8688 |
About StatPro
StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. The Company sells a SaaS-based Analytics and Data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.
StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to GBP 28.3 million at end June 2009 and currently enjoys a renewal rate of approximately 95%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Company has operations in Europe, North America, South Africa and Australia, with approximately 80% of recurring revenues being generated outside the UK.