StatPro Announces Five Year Contract With Prudential Investment Managers
(Thomson Reuters ONE) -
LONDON, Oct. 27, 2014 (GLOBE NEWSWIRE) -- StatPro Group plc (AIM:SOG), the AIM
listed provider of portfolio analysis and asset pricing services for the global
asset management industry, is pleased to announce that following the signing of
a five year contract earlier this year with Prudential Investment Managers, one
of South Africa's top ten largest investment managers, StatPro products are now
being rolled out across a selection of funds.
Prudential Investment Managers has selected StatPro to enable, amongst its other
traditional performance services, secure cloud-based access to sophisticated
portfolio analysis. This contract underlines StatPro's leading position in the
high growth South African asset management market. There is a growing acceptance
of the cloud model for the delivery of portfolio analysis by some of the world's
largest investment managers.
Justin Wheatley, StatPro Group CEO, commented: "StatPro Revolution's cloud-based
interface allows users to interrogate and understand data that traditionally lay
buried in rows of numbers, and is an extremely beneficial product to any asset
manager seeking greater transparency on their performance numbers. StatPro's
portfolio-based model will allow unlimited users to access and interrogate
portfolio performance in a highly secure cloud environment."
Meagen Burnett, Chief Operating Officer at Prudential Investment Managers, adds:
"We were exhaustive in our search for a complete performance solution, and are
pleased to have contracted with StatPro. We believe this to be a best of breed
solution in the South African market."
The transaction will see StatPro providing performance services to Prudential
Investment Management for the next five years, transitioning the investment
manager from StatPro's traditional product set and onto its cloud-based products
namely StatPro Revolution and, when agreed to be ready, StatPro R+.
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, risk and compliance. Hundreds of investment
professionals use our services directly or through a partner to perform
sophisticated analysis, reporting and distribution every day.
About Prudential Investment Managers
Prudential Investment Managers is one of South Africa's top 10 largest asset
managers, with nearly R180billion in AUM. Established in 1994, Prudential has
built up a track record for consistently strong investment performance. Clients
also benefit from their global heritage as part of the Prudential plc group,
founded over 160 years ago, with more than £443 billion under management
worldwide.
CONTACT: StatPro contact:
Samantha.Reid(at)statpro.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: StatPro via GlobeNewswire
[HUG#1865737]
Unternehmensinformation / Kurzprofil:
Datum: 27.10.2014 - 08:00 Uhr
Sprache: Deutsch
News-ID 347008
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contact information:
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