StatPro Group PLC StatPro signs three-year contract with FundBPO
July 31 2017 - 1:01AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
31 July 2017
RNS Reach
31 July 2017
StatPro Group PLC
StatPro signs three-year contract with leading independent fund
administrator, FundBPO Pty Ltd (FundBPO).
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
signed a three-year contract extension with FundBPO for StatPro
Revolution, including a portfolio usage increase and an extension
of consulting.
FundBPO Pty Ltd (FundBPO), one of Australia's leading
independent fund administrators, provides fund administration
services to more than 630 managed funds, administering more than
AUD$114 billion of funds globally.
As FundBPO is experiencing growth in demand for its middle
office services, it is looking for a solution to meet its growing
performance measurement and risk analytics needs. With a
long-standing and trusted relationship with StatPro, FundBPO
selected the Revolution platform to enhance their systems as they
continue to invest in technology, providing their clients with a
better experience.
Martin Smith, FundBPO Chief Executive Officer, commented:
"Our business is built on strong operational processes and
technology platforms and we partner with specialist vendors such as
StatPro to develop the applications we need to support our
operations. Revolution's performance and risk reporting helps us
create an optimal operating and reporting environment for our
clients and their investors."
Justin Wheatley, Group CEO, commented:
"We have worked with FundBPO for many years and seen their
tremendous growth. FundBPO is now in a position to adopt StatPro
Revolution, which is fast becoming the de facto solution for fund
administrators. This enables reduced turnaround time to clients by
using StatPro's highly scalable performance and risk service.
"As asset managers increasingly look to outsource their routine
processes due to regulation and cost pressures, they will gravitate
towards those fund administrators that have invested in the best
technology, which provides a service that asset managers cannot
match."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief +44 (0) 20 8410
Executive 9876
Andrew Fabian, Finance
Director
Panmure Gordon - Nomad
and Broker
Corporate Finance - Freddy +44 (0) 20 7886
Crossley / Fabien Holler 2500
Corporate Broking - Tom
Salvesen
Instinctif Partners
Adrian Duffield / Chris +44 (0) 20 7457
Birt 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.
StatPro has grown its Annualized Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million today. The Group
has operations in Europe, North America, South Africa, Asia and
Australia, with hundreds of clients in 39 countries around the
world. Approximately 80% 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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