StatPro Group PLC Broadridge partners with StatPro
June 06 2018 - 2:00AM
RNS Non-Regulatory
TIDMSOG
StatPro Group PLC
06 June 2018
RNS Reach
Broadridge partners with StatPro to deliver comprehensive
Performance Analytics
New strategic partnership enables Broadridge to better serve
institutional asset management and
alternatives clients
LAKE SUCCESS, N.Y., June 6, 2018 - Broadridge Financial
Solutions, Inc. (NYSE:BR), a global fintech leader, today announced
a new strategic partnership with StatPro Group, the leading
provider of cloud-based portfolio analytics and asset pricing
services for the global asset management industry. This partnership
enhances the existing Broadridge Performance Reporting platform,
which allows clients to receive customized daily performance
calculations and is another example of how Broadridge is delivering
real business value through technology-driven solutions.
The strategic partnership with StatPro provides comprehensive
analytics for alternative and traditional asset managers working to
meet an increased demand for performance measurement, attribution
and risk analytics. StatPro's cloud-based performance and risk
platform will streamline the analytics process through automating
the upload of client portfolio data into the system, triggering
performance calculations instantaneously and making results
available for download to Broadridge's data warehouse to support
the investment process and client reporting.
"As Broadridge expands its investment management capabilities
for its growing base of asset management clients, we are investing
in partnerships that we believe will provide the analytics and
tools our client base requires," said Eric Bernstein, head of
Broadridge's asset management solutions. "With its connections to
index data providers and aggregators, StatPro will help provide
data we believe will add significant value to our clients. Our
shared goal is to save time for asset managers so they can focus on
generating returns and serving their clients."
"StatPro firmly believes that as the asset management industry
matures and competition intensifies, asset managers will turn to
the best platform providers for comprehensive services," said
Justin Wheatley, CEO at StatPro. "Broadridge has proved itself to
be a leading provider in this market and we are proud to partner
with them to provide their clients with our full range of portfolio
analytics ranging from performance measurement to risk management
tools, including complex fixed income analysis using StatPro
Revolution: our super-scalable cloud-based portfolio analytics
platform."
The transition to StatPro is already in progress for existing
Broadridge performance clients and is expected to be completed by
the end of 2018.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), the $4 billion
global fintech leader, provides investor communications and
technology-driven solutions for broker-dealers, banks, mutual funds
and corporate issuers globally. Broadridge's investor
communications, securities processing and managed services
solutions help clients reduce their capital investments in
operations infrastructure, allowing them to increase their focus on
core business activities. With over 50 years of experience,
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes more than $5 trillion in fixed income and equity trades
per day. Broadridge employs approximately 10,000 full-time
associates in 16 countries. For more information about Broadridge,
please visit www.broadridge.com.
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.
###
Enquiries
StatPro
Neil Smyth
neil.smyth@statpro.com
+44 (0)20 8410 9876
Broadridge
Matthew Luongo
Prosek Partners
mluongo@prosek.com
+1 646-396-0966
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END
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