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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Statpro Group Plc | LSE:SOG | London | Ordinary Share | GB0006300213 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 236.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSOG
StatPro Group PLC
14 May 2018
RNS Reach
14 May 2018
StatPro Group PLC
Cloud conversion and extension for top 10 global fund administrator
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 multi-year cloud conversion and extension contract from StatPro Seven to StatPro Revolution with a top 10 global fund administrator, which has over $1.5 trillion funds under administration.
The contract, worth at least $500,000 per annum, is aligned with the Group's strategy to target global fund administrators, partnering to build state of the art technology platforms to provide improved services to the asset management industry.
Fund administrators are increasingly required to provide a wide range of complex technologies to deliver the services that asset managers need. StatPro Revolution has been tailor-made to address these complex portfolio analytics requirements, using advanced technology to fulfil these needs under a single platform solution.
Justin Wheatley, Group CEO, commented:
"As asset managers increasingly look to outsource their routine processes due to regulation and cost pressures, they will increasingly gravitate towards those fund administrators that have invested in the best technology and unmatched service.
"Our strategy is to address the needs of the global fund administration industry to provide best in class cloud-based portfolio analytics technology to their asset management clients."
Enquiries:
StatPro Group plc +44 (0) 20 8410 Justin Wheatley, Chief Executive 9876 Andrew Fabian, Finance Director Panmure Gordon - Nomad and Broker Corporate Finance - Freddy Crossley +44 (0) 20 7886 / Fabien Holler 2500 Corporate Broking - James Stearns Instinctif Partners +44 (0) 20 7457 Adrian Duffield / Chris Birt 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 GBP1 million in 1999 to around GBP53 million at the end of December 2017. 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 information is provided by RNS
The company news service from the London Stock Exchange
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May 14, 2018 02:00 ET (06:00 GMT)
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