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European Asset Manager signs two year extension

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By LSE RNS

RNS Number : 5535Q
StatPro Group PLC
13 September 2017
 

 

 

13 September 2017

 

StatPro Group PLC

 

Large European Asset Manager signs two year extension worth £1.5m for Delta service.

 

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 two-year contract extension with a large European asset manager for its Delta service, worth £1.5m.

 

This existing client is extending as well as increasing its commitment to use the platform for ongoing risk analytics, in both the front and middle office, primarily across fixed income assets.

 

Justin Wheatley, Group CEO, commented:

 

"This contract extension, with an important client, underlines the quality of the recently acquired Delta service which offers unprecedented price accuracy and flexibility for our fixed income clients. 

 

"We are making rapid progress with our plans to reach functional parity between Delta and our flagship StatPro Revolution platform."

 

Enquiries:

 

StatPro Group plc



Justin Wheatley, Chief Executive


+44 (0) 20 8410 9876

 

Andrew Fabian, Finance Director  



 




 

Panmure Gordon - Nomad and Broker



 

Corporate Finance - Freddy Crossley / Fabien Holler


+44 (0) 20 7886 2500

 

Corporate Broking - Tom Salvesen / James Stearns



 




 

Instinctif Partners



 

Adrian Duffield / Chris Birt


+44 (0) 20 7457 2020

 

 

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.

 

The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.

 

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £53 million today. Over 75% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.


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