17 August 2017
Find out more

StatPro Q3 trading in line

19 October 2010  |  2091 views  |  0 Source: StatPro

StatPro Group plc (AIM:SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today provides a trading update for the nine months ended 30 September 2010.


· Trading in Q3 in line with management's expectations

· Continued strong progress with key product offerings:

o Signing of new clients onto StatPro Seven

o StatPro Revolution selected by major global custodian bank

Trading in the three months to September 2010 was in line with management's expectations and the Board remains confident of a successful outcome for the year as a whole.

We continue to make good progress in the development of StatPro Seven and StatPro Revolution, and Phase II of the public beta of StatPro Revolution was released on 4 October 2010.

SaaS technologies are transforming whole sectors across the business world and portfolio analytics is no exception. With StatPro Revolution, StatPro is the first business to offer a genuine SaaS solution that integrates data and software as a service for portfolio analysis, the key objective of which is to offer an outstanding and equal service to fund managers of all sizes at affordable prices. It is an open platform with a toolkit for integration with third party solutions.

Following a successful feasibility study, a global custodian bank has now contracted to integrate its client data with StatPro Revolution. The custodian aims to offer all its clients easy access to the most sophisticated portfolio analysis and reporting using StatPro Revolution.

Justin Wheatley, CEO of StatPro Group plc commented, "Trading in Q3 was in line with our expectations and we continue to have success with signing new clients for our StatPro Seven platform. Contracting with a major custodian bank for the use of StatPro Revolution is a significant milestone for us, endorsing our investment and validating the market potential. Following the successful Phase II launch of our public Beta earlier this month we look forward to welcoming more beta clients and the continued growth of the business."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comvisit www.dorsum.eu

Who is commenting?

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10532 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9938 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9902 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8256 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7712 views 0 | 1 tweets | 8 linkedin