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 three-year contract with a top 20 Fund Administrator for Revolution, with a minimum contract value of £2.44 million.
The Fund Administrator currently uses Revolution to provide services to over 30 clients for performance, attribution and risk. This contract extension sees its renewed commitment to Revolution and future expansion of the services available on the Revolution platform, including fixed income risk and attribution.
The use of Revolution and its underlying technology has transformed the service that the Fund Administrator has been able to provide its clients and given it a significant competitive advantage.
Justin Wheatley, Group CEO, commented:
“There is no doubt that our technology was the central reason for this contract win and extension as our cloud based solution offers unbeatable scalability and speed as well as comprehensive functionality.”