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Two multi-year StatPro Revolution contracts

18th Jun 2012 07:00

RNS Number : 5324F
Statpro Group PLC
18 June 2012
 

 

For Release at 07.00 18 June 2012

 

STATPRO GROUP PLC

("StatPro" or the "Group")

 

Two of the world's largest Custodian Banks sign multi-year contracts for StatPro Revolution

Total number of StatPro Revolution customers now in excess of 100 including 10 Fund Administrators from around the globe

 

StatPro Group plc (AIM: SOG), a global leader in portfolio analytics services, is pleased to announce that it has signed multi-year contracts with two of the world's leading custodian banks ("the Customers") for the supply of StatPro Revolution to the Customers' clients. Based in Asia and Europe, together the Customers serve a global market of many thousands of mutual funds and pension funds with over USD10 trillion assets under custody. These are the largest StatPro Revolution deals to be signed since the launch of the service in March 2011 and bring the number of fund administrators using the StatPro Revolution service to ten, and the number of StatPro Revolution customers in total to over 100.

 

StatPro Revolution is the world's first cloud-based portfolio analytics and reporting platform. Asset managers using the platform are able to reduce their IT costs, comply with regulations and increase assets under custody through the provision of dynamic fund performance data to new and prospective clients. Fund administrators represent a key market for StatPro as they can act as distributors of the StatPro Revolution service.

 

The service is now supporting over 100 market participants, ranging from small fund managers with assets under custody of USD20 million up to very large custodian banks with over USD10 trillion assets under custody, located across North and South America, Africa, Asia, Australia, Europe and the Middle East.

 

Justin Wheatley, CEO, StatPro commented, "We are proud that so many asset management companies have already put their faith in StatPro Revolution, our innovative, cloud-based service, a little over one year since launch. Getting to 100 clients within such a short space of time is a real achievement and the range of market participants using the service and their variety of locations underscores the broad appeal of StatPro Revolution and its large potential market. These significant fund administrator contracts are evidence of the growing momentum behind StatPro Revolution and we remain confident in achieving a successful outcome to the year."

 

 

--End--

For further information, please contact:

 

StatPro Group plc

www.statpro.com

Justin Wheatley, Chief Executive

020 8410 9876

Andrew Fabian, Finance Director

Cenkos Securities

Stephen Keys

020 7397 8926

Adrian Hargrave

020 7397 8922

Julian Morse (Sales)

020 7397 1931

Newgate Threadneedle

Caroline Evans-Jones/ Hilary Millar

020 7653 9850

 

 

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 and risk for hundreds of fund managers, RIAs, CEOs, heads of risk, sales directors, marketing managers and authorised corporate directors. They are now using our cloud services and software products to perform sophisticated analysis, reporting and distribution every day.

 

With 18 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.

 

StatPro has operations in Europe, North America, South Africa, Asia and Australia and more than 300 clients in 25 countries around the world.

 

StatPro has grown its recurring revenue from less than £1 million in 1999 to £29 million at end December 2011 and currently enjoys a renewal rate of approximately 92%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Company has operations in Europe, North America, South Africa and Australia, with approximately 80% of recurring revenues being generated outside the UK.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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