Boston, Nov. 20, 2014 (GLOBE NEWSWIRE) -- StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis for the asset management industry, today announced it has signed a five year contract renewal worth $1m with a large, global asset manager, for its leading Global Investment Performance Standards ("GIPS") compliance solution, StatPro Composites.
StatPro Composites is an industry leading product recognized globally for scalability, flexibility and customizability. It is a multi-lingual and multi-currency solution that has enabled over 500 GIPS compliance verifications globally.
Andrew Peddar, StatPro Group COO commented, 'This five year contract renewal from such an important global client reinforces the confidence in our ability to continue to deliver a global GIPS solution. It demonstrates the client's confidence in StatPro's technology roadmap and our next generation of performance management solutions. We are delighted at our continued partnership.'
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.
Contact:
Swati.bhoumick@statpro.com
HUG#1872883