StatPro Group Statpro Group To Acquire Ubs Delta

 
TIDMSOG 
 
 
   7 April 2017 
 
   StatPro Group plc 
 
   StatPro to acquire UBS Delta 
 
   StatPro Group plc (AIM:SOG, "StatPro", "the Group"), the AIM listed 
provider of cloud-based portfolio analysis and asset pricing services 
for the global asset management industry, has agreed to buy from UBS, 
its risk and performance analytics service, UBS Delta. 
 
   UBS Delta will enable StatPro to extend its risk and performance 
analytics service from the middle office to the front office of asset 
managers. 
 
   The acquisition is phased over three to five years as StatPro 
incorporates UBS Delta's functionality into its flagship product, 
StatPro Revolution. 
 
   Throughout the transition, and until StatPro has fully integrated UBS 
Delta's functionality, UBS will continue to operate and support UBS 
Delta for its clients. 
 
   Justin Wheatley, StatPro CEO, commented: 
 
   "This acquisition transforms our scale and capabilities and we are 
delighted to be working with such a highly esteemed team.  It will also 
enable us to offer a significantly enhanced product capability for all 
our clients. 
 
   "The award winning UBS Delta platform will be maintained for the next 
five years while we incorporate the unique UBS Delta functionality into 
our flagship cloud platform, StatPro Revolution. All the UBS Delta 
clients will be supported fully and their current processes preserved 
until they are ready to migrate to StatPro Revolution." 
 
   Hishaam Caramanli, Global Head Securities eCommerce, UBS Investment Bank 
commented: 
 
   "We are incredibly proud of UBS Delta, our award winning risk and 
performance analytics platform, and the talented team of people that 
provide this service to our clients. 
 
   "We are delighted to have entered into a transaction with StatPro, a 
leader in this market with the technical experience and growth capital 
to enhance the platform and create a next generation experience for our 
clients." 
 
   Clients of UBS Delta 
 
   UBS will continue to operate and support the UBS Delta service for its 
clients until StatPro has enhanced its award winning performance and 
risk platform, StatPro Revolution, so that it reaches functional parity 
with the UBS Delta service. 
 
   It is estimated that this process will take approximately three years. 
Following that, UBS Delta clients will be able to migrate to StatPro and 
upgrade to the newly enhanced service. 
 
   UBS Delta capabilities 
 
   UBS Delta has proven to be best in class for risk for asset managers 
with a special focus on fixed income attribution and risk. The quality 
and precision of the analysis provided makes UBS Delta stand out. The 
strong team of professionals that are behind the service have the 
knowledge and experience to make a real difference to StatPro. The way 
risk and performance is used in the front office of asset managers is 
functionally different to the way the middle office works, which is 
StatPro's traditional market. Adding UBS Delta's capabilities broadens 
StatPro's potential market. 
 
   Enquiries: 
 
 
 
 
StatPro Group plc 
Justin Wheatley, Chief Executive             [phone] 
Andrew Fabian, Finance Director 
 
Instinctif Partners 
Adrian Duffield / Kay Larsen / Chris Birt    [phone] 
 
 
   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 GBP1 
million in 1999 to around GBP53 million following the acquisition of UBS 
Delta. 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 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 via Globenewswire 
 
 
  http://www.statpro.com 
 

(END) Dow Jones Newswires

April 07, 2017 03:00 ET (07:00 GMT)

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