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Revolution contract win

10 Jan 2019 07:00

RNS Number : 6726M
StatPro Group PLC
10 January 2019
 

 

 

RNS REACH

10 January 2019

 

StatPro Group PLC

 

UK Investment Manager group signs £1.45 million contract

 

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a five-year contract with a UK investment manager converting from StatPro Seven to StatPro Revolution, with a minimum contract value of £1.45 million and a significant uplift in annual value.

 

The investment manager currently uses StatPro Seven for all its client reporting processes and will replace this with StatPro Revolution.

 

 Justin Wheatley, Group CEO, commented:

 

"The reporting requirements carried out by asset managers have become increasingly onerous as regulations have increased, asset types become more complex and clients more demanding.

 

"Investment managers are responding by improving efficiency and transparency via intelligent digital strategies - our flagship product, StatPro Revolution, is an ideal solution to meet the increasing requirements.

 

"This contract win and extension is very satisfying as it illustrates that StatPro Revolution has come of age and is now widely regarded as the leading performance and risk technology platform."

 

Enquiries:

 

StatPro Group plc

 

 

Justin Wheatley, Chief Executive

 

+44 (0) 20 8410 9876

 

Andrew Fabian, Finance Director

 

 

 

 

 

 

 

Panmure Gordon - Nomad and Broker

 

 

 

Corporate Finance - Freddy Crossley / Fabien Holler

 

+44 (0) 20 7886 2500

 

Corporate Broking - James Stearns

 

 

 

 

 

 

 

Instinctif Partners

 

 

 

Adrian Duffield/Kay Larsen/Chantal Woolcock

 

+44 (0) 20 7457 2020

 

 

About StatPro

 

StatPro is a global provider of award-winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

 

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

 

The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.

 

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £55 million at the end of September 2018. Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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