Statpro Group Plc - StatPro signs three-year contract with leading independent fund administrator, FundBPO Pty Ltd (FundBPO).
(Thomson Reuters ONE) -
31 July 2017
StatPro Group PLC
StatPro signs three-year contract with leading independent fund administrator,
FundBPO Pty Ltd (FundBPO).
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 signed a three-year contract extension with
FundBPO for StatPro Revolution, including a portfolio usage increase and an
extension of consulting.
FundBPO Pty Ltd (FundBPO), one of Australia's leading independent fund
administrators, provides fund administration services to more than 630 managed
funds, administering more than AUD$114 billion of funds globally.
As FundBPO is experiencing growth in demand for its middle office services, it
is looking for a solution to meet its growing performance measurement and risk
analytics needs. With a long-standing and trusted relationship with StatPro,
FundBPO selected the Revolution platform to enhance their systems as they
continue to invest in technology, providing their clients with a better
experience.
Martin Smith, FundBPO Chief Executive Officer, commented:
"Our business is built on strong operational processes and technology platforms
and we partner with specialist vendors such as StatPro to develop the
applications we need to support our operations. Revolution's performance and
risk reporting helps us create an optimal operating and reporting environment
for our clients and their investors."
Justin Wheatley, Group CEO, commented:
"We have worked with FundBPO for many years and seen their tremendous growth.
FundBPO is now in a position to adopt StatPro Revolution, which is fast becoming
the de facto solution for fund administrators. This enables reduced turnaround
time to clients by using StatPro's highly scalable performance and risk service.
"As asset managers increasingly look to outsource their routine processes due to
regulation and cost pressures, they will gravitate towards those fund
administrators that have invested in the best technology, which provides a
service that asset managers cannot match."
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 / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking - Tom Salvesen
Instinctif Partners
Adrian Duffield / Chris Birt +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 open source
Freedom Index.
StatPro has grown its Annualized Recurring Revenue from less than £1 million in
1999 to around £53 million today. The Group has operations in Europe, North
America, South Africa, Asia and Australia, with hundreds of clients in 39
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 Group Plc UK via GlobeNewswire
Datum: 31.07.2017 - 08:05 Uhr
Sprache: Deutsch
News-ID 554541
Anzahl Zeichen: 4752
contact information:
Town:
London
Kategorie:
Business News
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"Statpro Group Plc - StatPro signs three-year contract with leading independent fund administrator, FundBPO Pty Ltd (FundBPO)."
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