StatPro Group PLC AGM statement and trading update (0995P)
May 24 2018 - 1:00AM
UK Regulatory
TIDMSOG
RNS Number : 0995P
StatPro Group PLC
24 May 2018
24 May 2018
StatPro Group PLC
AGM statement and trading update
StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM
listed provider of cloud-based portfolio analysis and asset pricing
services for the global asset management industry, is holding its
Annual General Meeting today.
Rory Curran, the Group's Chairman, will make the following
statement:
"Trading in the current financial year is in line with
expectations.
"New sales of our cloud service, StatPro Revolution, have
progressed well, including sales to both new clients and
conversions and upsells to existing clients. We continue to make
good progress towards becoming the world leading cloud-based
portfolio analytics service provider.
"A key part of our strategy is to address the needs of the
global fund administration industry to provide best in class
cloud-based portfolio analytics technology to their asset
management clients. As previously announced, a top 10 global fund
administrator is to convert to StatPro's cloud-based Revolution
platform in a deal worth at least $500,000 per annum, illustrating
the value of our strategic investment in our state of the art
technology platform.
"As part of our continued investment in the important area of
fixed income analytics and the integration of the Delta
functionality into the Revolution platform, the Revolution fixed
income module will be launched, as planned, in early Q3 2018.
"In our view, with our investment in a massively scalable
state-of-the-art cloud technology platform, StatPro is uniquely
placed to leverage this capability to meet the pressing needs of
asset managers."
Enquiries:
StatPro Group plc
Justin Wheatley, Chief +44 (0) 20
Executive 8410 9876
Andrew Fabian, Finance
Director
Panmure Gordon - Nomad
and Broker
Corporate Finance - Freddy +44 (0) 20
Crossley / Fabien Holler 7886 2500
Corporate Broking - James
Stearns
Instinctif Partners
Adrian Duffield / Chris +44 (0) 20
Birt 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.
StatPro has grown its Annualized Recurring Revenue from less
than GBP1 million in 1999 to around GBP53 million at the end of
December 2017. 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.
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END
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