StatPro Group PLC - £1.5m StatPro Seven contract win with US-based top 10 global asset manager
(Thomson Reuters ONE) -
5 September 2016
StatPro Group PLC
£1.5m StatPro Seven contract win with US-based top 10 global asset manager
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio
analysis and asset pricing services provider for the global asset management
industry, has entered into a three-and-a-half-year contract with a US-
headquartered top ten global asset manager for a minimum value of £1.5 million
for its GIPS(®) ("Global Investment Performance Standards") Composites service.
Whilst StatPro is focused on converting its clients of StatPro Seven to StatPro
Revolution, StatPro Composites continues to be a world-leading solution for
GIPS(®) Composite regulations for asset managers.
StatPro Composites is used by over 100 asset managers around the world,
including seven of the top ten managers by value of assets. StatPro intends to
add composite functionality to StatPro Revolution and meanwhile continues to
develop StatPro Composites in line with market regulations and requirements.
Justin Wheatley, Chief Executive, commented:
"This is an important win and a strong validation of our best-in-class solution:
StatPro Composites.
"We have seen a strong increase in interest for StatPro Composites as asset
managers look to replace in-house internal systems with a robust, scalable,
hosted solution that can meet the ever-more complex regulatory requirements that
asset managers face."
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
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 £36 million at the end of June 2016. The Group has operations in
Europe, North America, South Africa, Asia and Australia, with hundreds of
clients in 37 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 Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2016 - 08:05 Uhr
Sprache: Deutsch
News-ID 492648
Anzahl Zeichen: 3935
contact information:
Town:
Boston
Kategorie:
Business News
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