StatPro signs referral partner in Korea

6 November 2014

RNS REACH

STATPRO GROUP PLC

("StatPro", "the Company" or "the Group")

StatPro signs referral partner in Korea

StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, announced today that it has signed an agreement with NICE Pricing and Information ("NICE P&I"), a major provider of price and pricing information on diverse financial securities, who will act as a referral partner in Korea. The partnership agreement is the first of its kind in the region and will make StatPro Revolution, StatPro's cloud-based portfolio analytics platform offering performance, attribution, compliance and risk analytics, available to the growing number of asset managers and institutional investors in the Korean Market.

NICE P&I's core business includes bond pricing, bond indices and consulting services. It has built a strong network within the market and has a thorough understanding of the many layers of financial organisations in Korea. Clients referred by NICE P&I who sign up to StatPro Revolution will be able to view highly visual daily performance, risk, contribution, and attribution analysis, all in one place.

Mr. Youngha Han, Ph.D, Managing Director of NICE P&I commented, "We are pleased to be partnering with StatPro, a globally renowned player in portfolio analytics solutions. Working together in the future we will be able to satisfy the needs of domestic and global investors by fully committing our expertise in bond pricing and asset management."

Justin Wheatley, Chief Executive of StatPro, commented: "StatPro Revolution's cloud-based delivery model enables us to service clients anywhere in the world without the need for a significant on-the-ground presence, and we believe the best way to capitalise on opportunities in new territories is through partnerships with experts in their respective markets. This agreement with NICE P&I represents not only a new territory for StatPro but is also an excellent example of our growing indirect distribution network."

"With NICE P&I we will be able to satisfy a growing demand in the Korean market for enhanced portfolio analytics and reporting solutions. The partnership also tackles the traditional market's data issue by providing a platform for distributing Korean indices to the clients of StatPro Revolution. We are understandably excited to see what the future holds."

- Ends -

For further information, please contact:

About StatPro

StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution, risk and compliance. Hundreds of investment professionals use our services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.

With over 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes over 3.2 million securities such as global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.

StatPro has grown its recurring revenue from less than £1 million in 1999 to around £28 million at 30 June 2014. 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 and approximately 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. 

About NICE P&I

Established in June 2000, NICE P&I is a major provider of price and pricing information on diverse financial securities covering domestic and foreign bonds, derivatives and unlisted stocks. Combining pricing information with IT, it also offers financial consulting services such as bond management support systems and financial solution services including a credit risk management system(/w NICE C&I) and GIPS Verification System (/w N-GIPs). In addition, Nice P&I supports investment professionals with the yearly NICE BOND ACADEMY.

NICE P&I carries out its commitment to provide fair price estimates on financial securities by building sound networks in the market, and applying and maintaining a fair and credible pricing model in the hands of in-house pricing specialists to further improve integrity and credibility of financial markets and to support appropriate accounting management.