StatPro provides portfolio analytics services for asset management firms. With hundreds of clients worldwide, StatPro is one of the leading companies in its field. Its business model is to charge annual subscription fees, typically on three year contracts. This provides stable and growing revenues and profits allowing StatPro to invest heavily in new technology: over 30% of StatPro’s staff work in R&D.
The latest innovation from StatPro is a new “Software as a Service” product aimed at the vast market of smaller asset managers which offers performance and risk analytics for a fraction of the usual price.
30/01/12
Holding(s) in Company26/01/12
Trading Update, Notice of Results19/12/11
Issue of Shares25/11/11
Director/PDMR Shareholding19/10/11
Q3 Trading Update
26/01/12
Statpro's Revolution, the low cost, high spec cloud-based analytics package for fund managers, was launched at the end of last March and in just nine months has built a commendable revenue base of just under £500,000 after it signed 50 clients.
26/01/12
StatPro Group chief executive Justin Wheatley said he is “pleased” with the early commercial performance of StatPro Revolution, its low cost, high spec analytics package for fund managers.
14/07/11
StatPro Group said it had increased investment in its newly launched cloud based product StatPro Revolution while remaining profitable and cash generative.
18/05/11
StatPro revealed this morning it has signed its first distribution agreement for the Revolution product, its newly-launched portfolio analysis platform for asset managers. It will be sold by Trasset International, which provides back office systems to the financial sector and which has 50 clients in asset management and private wealth.
26/01/11
Today's trading update told us that the company is on course to match the City's revenue and profit targets. Here we look at 2011, a pivotal year for StatPro as it launches Revolution, a low cost portfolio analysis platform that has the capacity to transform its prospects.
30/01/12
Statpro: WAY Group buys Revolution package17/01/12
StatPro's Revolution endorsed by US wealth management firm30/11/11
StatPro's Revolution wins best newcomer accolade at technology awards25/11/11
StatPro Group director Mark Adorian increases shareholding19/10/11
StatPro’s Revolution software substantially broadens potential market, says Edison
08/02/2012
08/12/2010
StatPro has evolved into a leading provider of asset management software for the global investment community. We do this by offering portfolio analytics software combined with pre-packaged evaluation services on our own IT platform. In this way, we can provide a complete solution for our clients in the most cost-effective manner possible.
Portfolio analysis and asset valuation services around the world
Founded in 1994, we now have more than 250 clients in 25 countries around the world. We have constantly developed and evolved our products to meet the changing demands and needs of our target client base.
Our beliefs
We believe in providing great value for money and superb customer service and have grown revenues every year since being listed on the London Stock Exchange in 2000. We aim to continue to maintain these simple principles whatever the market conditions.
StatPro's Portfolio Analytics Solutions for Front and Middle Office of all money managers
With years of experience in portfolio analytics StatPro is now able to offer analysis solutions tailored to the specific requirements of our broad client base.
Analytics for the Middle Office
StatPro Seven, our hosted portfolio analytics platform, is targeted at your middle office team enabling them to run detailed, transaction based analysis on all your portfolios. Seven covers the key functions the middle office is in charge of – performance analysis, attribution, risk, compliance and reporting.
Learn more about StatPro Seven
Analytics for the Front Office
StatPro Revolution, our brand new, web based analytics service, is aimed at front office professionals, smaller money managers interested in a complete, easy and affordable solution and companies wanting to monitor performance of their investment teams in different locations. Revolution is the ideal platform for everyone interested in sophisticated, interactive reporting either internally or to their clients. Set up in seconds StatPro Revolution puts a wealth of analysis at your fingertips at a fraction of the cost.
Read more about StatPro Revolution
Combined Analytics Solutions
Combining StatPro Revolution and StatPro Seven in one solution will enable you to reconcile your performance and attribution numbers from your Middle Office with your various Front Office analytics products.
Read more about our combined analytics
Carl Bacon joined StatPro Group plc as Chairman in April 2000. Prior to joining StatPro Carl was Director of Risk Control and Performance at Foreign & Colonial Management Ltd, Vice President Head of Performance (Europe) for J P Morgan Investment Management Inc., and Head of Performance for Royal Insurance Asset Management. Carl holds a B.Sc. Hons. in Mathematics from Manchester University and is an executive committee member of Investment-Performance.com. A founder member of both the Investment Performance Council and GIPS®, Carl is ex-chair the IPC Interpretations & IPC Verification Sub-Committees, and is a member of the Advisory Board of the Journal of Performance Measurement. Carl is also the author of "Practical Portfolio Performance Measurement & Attribution" part of the Wiley Finance Series, and editor of "Advanced Portfolio Attribution Analysis".
Justin, 44, began his career with Micropal in 1988. In 1991 he set up an agency to sell Micropal products in Switzerland and from there grew the business by expanding it in France and Luxembourg. In 1994 he founded StatPro to develop portfolio analytics systems. In 1999 he sold off the Micropal agency to raise £1.7 million to fund StatPro's growth and in May 2000 he floated StatPro by raising £5.0 million to build up StatPro's international expansion. Since flotation, Justin has led several secondary fund raisings, acquired 10 businesses and disposed of one business unit. He has day to responsibility for the Group.
Andrew, 47, was appointed Finance Director in 2000. Prior to joining StatPro, he was Group Financial Controller at William Baird PLC. Andrew has significant experience in the financial services sector, both through senior finance roles at William Baird PLC and De La Rue plc, and also through advising financial institutions as a management consultant at Deloitte & Touche. Andrew is a chartered accountant and qualified corporate treasurer. He is a Fellow of the Association of Corporate Treasurers and served for three years on the ACT's governing council. Andrew is responsible for the finance and operations functions at StatPro.
Charles has many years' experience in the media sector and in growing entrepreneurial companies. Previously he worked for Pearson plc, both as finance director of Pearson New Entertainment Limited, a start-up division with interests in computer publishing which was sold to Apax Partners in 1998 for £142 million, and as Group Chief Accountant. Charles is currently also a non-executive director of AIM listed company Research Now Plc and Chairman of Brightview Group plc. Charles chairs the Group's Audit Committee and chaired the Remuneration Committee up to 1 January 2007.
Mark was appointed to the Board in 2002. He was previously Managing Director of Standard & Poor's Fund Services. Mark co-founded Micropal, the global fund performance analysis company in 1986, becoming their Sales & Marketing Director in 1987. In 1992 he became Managing Director of Micropal, and subsequently in 1997 negotiated the sale of Micropal to Standard & Poor's, a division of the McGraw-Hill Companies. Between 1999 and 2001, Mark was Managing Director of Standard & Poor's Fund Services, a business created through the merger of Micropal together with two existing Standard & Poor's businesses and another acquisition. His specific responsibilities included the global development of the enlarged entity. With effect from 1 January 2007 Mark now chairs the Group's Nominations and Remuneration Committees.
Stuart James Clark, 61, has been employed in the financial information industry since 1968. From 1995 to 2009 Stuart held various senior positions at Interactive Data Corporation ("IDC") and served as a member of the board of directors since 2000. As President and CEO from 2000, Stuart led the business through nine years of continuous and strong growth, with revenues more than doubling to US$750 million with profitability and cash flow growing more than threefold. IDC consistently outperformed the market in growth over that period and, at around 30%, had close to the highest EBITA margin amongst major comparable players in its industry. IDC has a current market capitalisation of approximately US$2.1 billion.
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Registrar
Capita IRG Plc
Northern House
Woodsome Park
Fenay Bridge
Huddersfield
HD8 0LA
Nomad and Broker
Cenkos Securities
6.7.8 Tokenhouse Yard
London
EC2R 7AS
Registered Auditors
Ernst & Young LLP
1 More London Place
London
SE1 2AF
StatPro Group plc
81-87 Hartfield Road
Wimbledon
London SW19 3TJ
United Kingdom
Tel: +44 (0)20 8410 9876
Fax: +44 (0)20 8410 9877
Email: info@statpro.com
Contact individual departments:
sales: sales@statpro.com
HR: hr@statpro.com
support: support@statpro.com
investors: investors@statpro.com
The Company has been notified, in accordance with the Disclosure and Transparency Rules, of the following disclosable shareholdings representing 3% or more of the voting rights in the Company's issued share capital:
Number of shares in issue: 60,804,432 Ordinary Shares in Issue, as at Last Close.
| Shareholder Name (* - Director) | Amount | % Holding |
|---|---|---|
| JMBT Wheatley | 7,159,367 | 11.8 |
| Herald Investment Trust | 6,981,784 | 11.5 |
| AXA Framlington | 6,638,750 | 10.9 |
| Liontrust Asset Management | 4,576,467 | 7.5 |
| Artemis Investment Management | 3,897,670 | 6.4 |
| Brown Brothers Harriman & Co | 3,014,166 | 5.0 |
| Strategic Equity Capital | 2,627,307 | 4.3 |
| MC Adorian | 2,520,698 | 4.2 |
Last Updated: 14/03/2011
| Director Name | Amount | % Holding |
|---|---|---|
| Michael Charles Fairbairn | 779,834 | 1.28 |
| Carl Rafe Bacon | 755,000 | 1.24 |
| Andrew M Fabian | 207,795 | 0.34 |
| Justin Marius Wheatley | (N) | 0.20 |
| Stuart Clark | nil | nil |
In addition to the above interests, JMBT Wheatley and GFMT Wheatley (Company Secretary) hold 162,000 ordinary shares in a family trust, both of them being a trustee and potential beneficiary of the trust.
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Updated from StatPro's website on 20/12/11
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