StatPro Group has entered into a contract with a US-headquartered top ten global asset manager for a minimum value of £1.5 million for its GIPS®

OREANDA-NEWS. StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio analysis and asset pricing services provider for the global asset management industry, has entered into a three-and-a-half-year contract with a US-headquartered top ten global asset manager for a minimum value of 1.5 million pounds for its GIPS^® ("Global Investment Performance Standards") Composites service.

Whilst StatPro is focused on converting its clients of StatPro Seven to StatPro Revolution, StatPro Composites continues to be a world-leading solution for GIPS^® Composite regulations for asset managers.

StatPro Composites is used by over 100 asset managers around the world, including seven of the top ten managers by value of assets. StatPro intends to add composite functionality to StatPro Revolution and meanwhile continues to develop StatPro Composites in line with market regulations and requirements.

Justin Wheatley, Chief Executive, commented:

"This is an important win and a strong validation of our best-in-class solution: StatPro Composites.

"We have seen a strong increase in interest for StatPro Composites as asset managers look to replace in-house internal systems with a robust, scalable, hosted solution that can meet the ever-more complex regulatory requirements that asset managers face."

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