StatPro signs cloud conversion deal with fund administrator

Source: StatPro

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has signed a multi-year cloud conversion and extension contract from StatPro Seven to StatPro Revolution with a top 10 global fund administrator, which has over $1.5 trillion funds under administration.

The contract, worth at least $500,000 per annum, is aligned with the Group’s strategy to target global fund administrators, partnering to build state of the art technology platforms to provide improved services to the asset management industry.

Fund administrators are increasingly required to provide a wide range of complex technologies to deliver the services that asset managers need. StatPro Revolution has been tailor-made to address these complex portfolio analytics requirements, using advanced technology to fulfil these needs under a single platform solution.

Justin Wheatley, Group CEO, commented: "As asset managers increasingly look to outsource their routine processes due to regulation and cost pressures, they will increasingly gravitate towards those fund administrators that have invested in the best technology and unmatched service.

"Our strategy is to address the needs of the global fund administration industry to provide best in class cloud-based portfolio analytics technology to their asset management clients.”

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