11 December 2017
visit www.solutions.lexisnexis.com

StatPro buys UBS Delta

07 April 2017  |  5746 views  |  0 Graph with fingers measuring

UBS is selling its buyside risk and perfomance analytics toolbox UBS Delta and management and developer team to StatPro for £11 million.

StatPro says the acquisition will enable the firm to extend its risk and performance analytics service from the middle office to the front office of asset managers.

The company says it will integrate UBS Delta into its flagship cloud platform StatPro Revolution over the next three years. In the interim, UBS will continue to operate and support the product for its clients.

The takeover will add recurring annual revenues of £14.5 million to StatPro, giving the group a combined turnover of £53 million.

In a statement, the companies say: "The strong team of professionals that are behind the service have the knowledge and experience to make a real difference to StatPro. The way risk and performance is used in the front office of asset managers is functionally different to the way the middle office works, which is StatPro's traditional market."

Hishaam Caramanli, global head securities eCommerce, UBS Investment Bank says StatPro has "the technical experience and growth capital to enhance the platform and create a next generation experience for our clients".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

StatPro plans move to pure SaaS provider

StatPro plans move to pure SaaS provider

26 January 2011  |  5979 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.atos.netvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18103 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11027 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6637 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6412 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5820 views comments | 5 tweets | 12 linkedin

Featured job

Germany, Austria or Switzerland

Find your next job