StatPro Group plc, (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a five-year contract with a UK investment manager converting from StatPro Seven to StatPro Revolution, with a minimum contract value of £1.45 million and a significant uplift in annual value.
The investment manager currently uses StatPro Seven for all its client reporting processes and will replace this with StatPro Revolution.
Justin Wheatley, Group CEO, commented:
“The reporting requirements carried out by asset managers have become increasingly onerous as regulations have increased, asset types become more complex and clients more demanding. Investment managers are responding by improving efficiency and transparency via intelligent digital strategies – our flagship product, StatPro Revolution, is an ideal solution to meet the increasing requirements. This contract win and extension is very satisfying as it illustrates that StatPro Revolution has come of age and is now widely regarded as the leading performance and risk technology platform.”