StatPro Group plc, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announces that Australian fund administrator FundBPO has signed a deal for Revolution, StatPro's new cloud-based analytics suite.
Revolution is a cloud based portfolio analysis service offering performance, attribution, risk management and reporting for portfolio managers around the world. It was created to answer the industry's priorities - improving communication, transparency and distribution, while cutting costs. It is sold at a fraction of the price of traditional analytics solutions - US$100 per portfolio per month, for 100 users and unlimited report generation.
Martin Smith, CEO, FundBPO, commented: "StatPro Revolution gives us access to the most sophisticated portfolio analysis and reporting at a far lower price than we would normally pay for this quality of service. It enables our fund manager clients to see a complete picture of their portfolio asset allocation, risk performance and attribution on a daily basis. We have gone live with a domestic equity and an international equity portfolio and expect our clients will be able to produce a variety of reports with detailed analysis in a variety of formats on a daily basis. Revolution will give them timely decision support information and in turn give us some competitive advantage."
Justin Wheatley, CEO of StatPro Group plc commented: "We are really excited that FundBPO chose Revolution. After a very successful trial period with hundreds of beta users, the platform is now available to asset managers around the world. Technology that used to cost hundreds of thousands of dollars or more is now available to even the smallest asset manager."