20 July 2018
Visit www.avoka.com

StatPro migrates to Microsoft Azure

09 April 2018  |  1962 views  |  0 Source: StatPro

StatPro Group plc, (“StatPro”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has migrated a key StatPro Revolution portfolio analytics engine to the Microsoft Azure Data Lake Analytics platform.

StatPro Revolution’s cloud processor engine was already leveraging the Microsoft Azure cloud platform using a HDInsight server cluster. In order to harness the power and elasticity of the cloud better, and to offload big data analysis and storage further from the core Revolution system to serverless cloud computing, StatPro has selected the Azure Data Lake Analytics service.

Microsoft Azure Data Lake Analytics offers a cloud-based data processing architecture, enabling processing of extremely large data sets and true parallel processing of structured and unstructured data. StatPro is using the technology for processing anonymized assets and non-client identifiable information for large benchmark calculations and Fixed Income analytics processing.

In recent tests, StatPro was able to process full benchmark re-calculation results for over 600 million rows of data in under 17 minutes compared to over two and a half hours using the previous engine technology.

Justin Wheatley, Chief Executive, commented:

“StatPro continues to research and invest in the best cloud technologies suited to our clients needs. As we develop new Fixed Income and benchmark analytics, we require enormous amounts of on-demand computing power to deliver results in totally new timeframes versus other systems.

“Reducing calculation times and providing analytics results faster than ever before provides real advantages and benefits to our clients." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit iliad-solutions.com/Visit https://secure.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12974 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10453 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9791 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6841 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6666 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job