StatPro Regulatory News (SOG)

21 Apr 2006 07:01

Statpro Group PLC21 April 2006 Embargoed until 07.00 am Friday, 21 April 2006 StatPro Group plc StatPro receives Queen's Award for Enterprise: International Trade 2006 StatPro, the AIM listed provider of portfolio analytics solutions for the globalasset management industry, today announces that it has been awarded a Queen'sAward for Enterprise (2006) in the International Trade category. The Award,announced today on Her Majesty The Queen's eightieth birthday, recognisesStatPro's continuous achievement in international trade, resulting insubstantial overseas earnings with growth and commercial success, sustained overa six year period since 1999. StatPro develops and markets financial software for the global asset managementindustry and commenced trading in 1994. StatPro wins the Award for the firsttime, having increased its overseas revenues nearly seven-fold to £6.9 millionover the six year period. The Company's well-focused marketing strategy istargeted at investment managers' requirements for internationally standardisedfront and middle office systems. Headquartered in London, StatPro provides services to over 200 clients in 25countries with over three quarters of its sales being generated outside the UK.The Company has established a strong distribution of offices in nine keyfinancial centres supplying licensed branded products, adding new markets incontinental Europe, North America, Australasia, Africa and Asia, and increasingsales through nurturing strong relationships with global asset managers. Throughits global network of support offices, StatPro offers the highest standards ofservice and support in multiple languages. Commenting, Justin Wheatley, Chief Executive of StatPro Group, said: "We are very pleased and honoured to receive this most prestigious award. Itrecognises the skill and commitment of our employees, which coupled with afocused strategy for growth in overseas markets, has enabled us to deliverexcellent services to our clients globally." - Ends - For further information, please contact: StatPro Group plcJustin Wheatley, Chief Executive 020 8410 9876Andrew Fabian, Finance Director SmithfieldReg Hoare 020 7360 4900 Notes to Editors: StatPro Group plc www.statpro.com StatPro Group plc is a leading provider of portfolio analytics solutions for theglobal asset management industry. StatPro floated on the London Stock Exchangein May 2000 and transferred its listing in June 2003 to AIM. StatPro has grownits revenue from continuing operations from £1.8 million in 1999 to £10.8million in 2005. About The Queen's Awards www.queensawards.org.uk The Queen's Awards for Enterprise are the UK's most prestigious awards forbusiness performance and were first granted in 1966 to recognise and rewardoutstanding business achievement. The Awards were originally conceived toencourage companies to innovate and increase the volume of exports at a time ofbalance of payments problems. The Awards have three broad categories:international trade, innovation and sustainable development. This information is provided by RNS The company news service from the London Stock Exchange