StatPro Group PLC - £2.3 million contract win with large Australian financial institution
(Thomson Reuters ONE) -
6 June 2016
StatPro Group PLC
£2.3 million contract win with large Australian financial institution
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM listed provider
of cloud-based portfolio analysis and asset pricing services for the global
asset management industry has entered into a three-year contract with a large
Australian financial institution for a total value over the period of A$4.5
million (US$3.3 million / £2.3 million). This deal significantly increases
StatPro's presence in the important Australian market.
StatPro will supply its Revolution platform including the new Revolution
Performance module.
The Australian company will use StatPro's latest cloud technology to replace its
legacy system which will enhance the service offering to its many clients and
grow its position in the Australian and Pacific market.
StatPro Revolution Performance is the core transaction-based performance
measurement module that will enable StatPro to complete the process of migrating
its clients from StatPro Seven to the cloud-based Revolution platform.
The scalability, speed and efficiency of cloud technology means Revolution
Performance will enable large asset managers and fund administrators to reap
significant economies of scale and efficiency gains compared to legacy software
solutions.
Justin Wheatley, Chief Executive of StatPro, commented:
"This significant contract win in Australia is a strong vote of confidence in
our soon to be launched Revolution Performance. This follows an intensive review
of the platform capabilities by our client.
"Revolution remains the only cloud-based platform providing complete portfolio
analytics and data management available in the market today.
"We look forward to officially launching Revolution Performance in Q3 2016."
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 / Fred Walsh / +44 (0) 20 7886 2500
Fabien Holler
Corporate Broking - Tom Salvesen
Instinctif Partners
Adrian Duffield / Lauren Foster +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 licence
free Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in
1999 to around £32 million at end December 2015 (including Investor Analytics
and InfoVest acquisitions in 2016 on a pro forma basis). The Group has
operations in Europe, North America, South Africa, Asia and Australia, with
hundreds of clients in 38 countries around the world. Approximately 80% of
recurring revenues are generated outside the UK. StatPro Group plc shares are
listed on AIM.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(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 Inc. via GlobeNewswire
[HUG#2017976]
Unternehmensinformation / Kurzprofil:
Datum: 06.06.2016 - 08:05 Uhr
Sprache: Deutsch
News-ID 475750
Anzahl Zeichen: 4644
contact information:
Town:
Boston
Kategorie:
Business News
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