21 Jul 2014 07:00
For release at 07:00 Monday, 21 July 2014
RNS REACH
STATPRO GROUP PLC
("StatPro", "the Company" or "the Group")
StatPro wins major new StatPro Revolution contract in Europe
StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announced it has won a multi-year contract worth a minimum of $1.1m over three years, with a major Italian asset manager with assets under management of over €18 billion for its StatPro Revolution service.
The key driver for the client was to enhance risk and performance analysis and distribution across its funds. The Risk Management team plan to make more interactive analysis available directly to portfolio managers so they can self-serve using this cloud-based service rather than requesting and waiting for static reports. The ability to control and share portfolio analysis across its entire organisation at no extra cost was an important factor in the decision to sign with StatPro. Another area of the business looking to benefit from StatPro Revolution is the Wealth Management arm, who are already using the platform with a selection of advisory portfolios and clients.
Justin Wheatley, StatPro Group CEO commented, "This is a significant deal for StatPro as we continue to see growth in our StatPro Revolution client base. Adding a major European asset manager shows how the product is maturing with sophisticated levels of portfolio analysis and unrivaled distribution with our ability to share interactive analysis online. We're very excited to see another client embracing an online, self-service approach when it comes to portfolio analysis reporting."
- Ends -
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 services directly or through a fund administrator to perform sophisticated analysis, reporting and distribution every day.
With 20 years of experience, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, bonds, 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 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.