20 May 2019 07:00
RNS REACH
20 May 2019
StatPro Group PLC
Top 20 Fund Administrator three year contract extension for £2.44m
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 three-year contract with a top 20 Fund Administrator for Revolution, with a minimum contract value of £2.44 million.
The Fund Administrator currently uses Revolution to provide services to over 30 clients for performance, attribution and risk. This contract extension sees its renewed commitment to Revolution and future expansion of the services available on the Revolution platform, including fixed income risk and attribution.
The use of Revolution and its underlying technology has transformed the service that the Fund Administrator has been able to provide its clients and given it a significant competitive advantage.
Justin Wheatley, Group CEO, commented:
"There is no doubt that our technology was the central reason for this contract win and extension as our cloud based solution offers unbeatable scalability and speed as well as comprehensive functionality."
Enquiries:
StatPro Group plc |
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Justin Wheatley, Chief Executive |
| +44 (0) 20 8410 9876 |
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Andrew Fabian, Finance Director |
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Panmure Gordon - Nomad and Broker |
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Corporate Finance - Freddy Crossley / Fabien Holler |
| +44 (0) 20 7886 2500 |
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Corporate Broking -James Stearns |
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Instinctif Partners |
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Adrian Duffield/Kay Larsen/Chantal Woolcock |
| +44 (0) 20 7457 2020 |
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About StatPro
StatPro Group (www.statpro.com) provides cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.
The Group has 10 offices in Europe, North America, South Africa and Australia, servicing around 450 clients in 40 countries. It is organised into three divisions: Revolution, Source: StatPro and Infovest.
Revolution is a global provider of award-winning portfolio analytics solutions. The cloud-based platform offers vital analysis of portfolio performance, attribution, risk and compliance. Revolution helps clients reduce costs, improve client communication and control investment decisions.
Source: StatPro is a global market data business and provides Data-as-a-Service to Revolution to enable analytics. The division's integrated and global data coverage includes millions of securities covering the full range of financial instruments and benchmarks.
Infovest, supplies data management solutions for the global asset management market, including data warehouse technology, ETL, compliance and reporting tools as well as portfolio management solutions.
StatPro Group plc shares are listed on AIM.