StatPro signs 5 year GIPS solution contract renewal with global asset manager
(Thomson Reuters ONE) -
StatPro signs 5 year GIPS solution contract renewal with global asset manager
Boston, MA (Nov 20(th), 2014) StatPro Group plc (AIM: SOG), the AIM listed
provider of cloud-based portfolio analysis for the asset management industry,
today announced it has signed a five year contract renewal worth $1m with a
large, global asset manager, for its leading Global Investment Performance
Standards ("GIPS") compliance solution, StatPro Composites.
StatPro Composites is an industry leading product recognized globally for
scalability, flexibility and customizability. It is a multi-lingual and multi-
currency solution that has enabled over 500 GIPS compliance verifications
globally.
Andrew Peddar, StatPro Group COO commented, 'This five year contract renewal
from such an important global client reinforces the confidence in our ability to
continue to deliver a global GIPS solution. It demonstrates the client's
confidence in StatPro's technology roadmap and our next generation of
performance management solutions. We are delighted at our continued
partnership.'
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 fund administrator/partner
to perform sophisticated analysis, reporting and distribution every day.
With over 20 years of experience and expertise, we believe analytics should be
sophisticated yet simple and useful as well as secure. StatPro data coverage
includes over 3.2 million securities such as global equities, global bonds,
global 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 £28 million at 30 June 2014. 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.
Contact:
Swati.bhoumick(at)statpro.com
This announcement is distributed by GlobeNewswire on behalf of
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: StatPro Inc. via GlobeNewswire
[HUG#1872883]
Unternehmensinformation / Kurzprofil:
Datum: 20.11.2014 - 08:00 Uhr
Sprache: Deutsch
News-ID 354194
Anzahl Zeichen: 3284
contact information:
Town:
Boston
Kategorie:
Business News
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