StatPro Revolution launches version 65

RNS Reach

14 December 2015

StatPro Group plc

StatPro Revolution launches version 65 - record number of features added in 2015

StatPro Group plc (AIM: SOG, "StatPro", "the Group"), the leading provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has released its latest version, the 65th, of StatPro Revolution, its flagship product.

Over the course of 2015, StatPro has added numerous new features to the Revolution platform, which have been predominantly focused on risk analytics improvements. These new advanced risk features allow for migration of existing StatPro Seven clients to the cloud-based StatPro Revolution platform and will appeal to new customers too. The Group is already working with four existing StatPro Seven Risk clients on their migration to StatPro Revolution.

The new features added over the course of 2015 complement the existing capabilities of StatPro's award winning multi-asset class analytics platform, which already provides performance and advanced attribution analysis, award winning compliance and risk limits monitoring, unlimited reporting and unlimited users in a scalable cloud-based platform.

Justin Wheatley, Chief Executive of StatPro, commented:

"The 65th release of StatPro Revolution cements a busy 2015 in which we have added a record number of new features. We have intentionally focused on enhancing Revolution's risk analytic capabilities to help our clients meet increasingly complex regulations.

"The investment we have made in cloud technology means that we continue to be the leading innovator in our market.

"We look forward to launching our new hyper-scalable performance measurement module to the Revolution platform in 2016."

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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 recurring revenue from less than £1 million in 1999 to around £29 million at 30 June 2015. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. 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.