StatPro Group PLC EU investment manager group signs EUR1.2m contract

TIDMSOG

StatPro Group PLC

10 May 2019

RNS REACH

10 May 2019

StatPro Group PLC

EU investment manager group signs three-year EUR1.2m contract

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 secured a three-year contract, including a significant uplift in annual value with a EU investment manager for Revolution Delta, with a minimum contract value of EUR1.2 million.

The investment manager currently uses Revolution Delta for a variety of purposes but has now added a new module to cover the new EU Money Market Regulations in order to provide risk reporting to the regulator.

As regulations evolve, so StatPro is providing its clients with extended services to mitigate their cost of meeting onerous and multiple requirements.

Justin Wheatley, Group CEO, commented:

"This contract win and extension for Revolution Delta, our flagship fixed income service, is a clear demonstration of our capabilities to widen our services to existing customers.

"Our new EU Money Market Risk service forms an essential part of our risk compliance offering and is increasingly attractive as active asset managers are under growing cost pressure from both competition and regulation - only technology can ensure that they can remain competitive."

Enquiries:

 
 StatPro Group plc 
 Justin Wheatley, Chief Executive        [phone] 
 Andrew Fabian, Finance Director 
 
 Panmure Gordon - Nomad and Broker 
 Corporate Finance - Freddy Crossley 
  / Fabien Holler                        [phone] 
 Corporate Broking -James Stearns 
 
 Instinctif Partners 
 Adrian Duffield/Kay Larsen/Chantal 
  Woolcock                               [phone] 
 

About StatPro

StatPro Group (www.statpro.com) provides cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.

The Group has 10 offices in Europe, North America, South Africa and Australia, servicing around 450 clients in 40 countries. It is organised into three divisions: Revolution, Source: StatPro and Infovest.

Revolution is a global provider of award-winning portfolio analytics solutions. The cloud-based platform offers vital analysis of portfolio performance, attribution, risk and compliance. Revolution helps clients reduce costs, improve client communication and control investment decisions.

Source: StatPro is a global market data business and provides Data-as-a-Service to Revolution to enable analytics. The division's integrated and global data coverage includes millions of securities covering the full range of financial instruments and benchmarks.

Infovest, supplies data management solutions for the global asset management market, including data warehouse technology, ETL, compliance and reporting tools as well as portfolio management solutions.

StatPro Group plc shares are listed on AIM.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRAKMGGKDLFGLZM

(END) Dow Jones Newswires

May 10, 2019 02:00 ET (06:00 GMT)