www.statpro.com
StatPro has evolved into a leading provider of performance and risk management solutions for the investment community. We do this by offering software combined with pre-packaged data on our own IT platform. In this way, we can provide a complete solution for our clients in the most cost-effective manner possible.
StatPro Group director Mark Adorian increases shareholding
StatPro Group PLC (LON:SOG) was notified that the wife of non-excutive director Mark Adorian bought 25,000 shares in the company yesterday at 86.5 pence each.
Mark Adorian is now interested in 2,545,698 shares, representing approximately 4.19 percent of the company's share capital.
StatPro provides portfolio analytics services for asset management firms and has hundreds of clients worldwide.
The company announced last month that trading for the third quarter had been in line with expectations and that it is “confident of a successful outcome for the year”.
Revenue and profits for the nine months to the end of September 2011 were in line with the firm’s expectations, it said.
StatPro said that revenues in 2011 for its Revolution cloud-based portfolio analysis and research service would be modest, but that this service had added further clients and portfolios during Q3 2011. The firm added that there are “positive indications” that it shall make further progress in signing new clients in both Q4 2011 and 2012, which will be the service’s first full year since its launch.
StatPro said that new business for its StatPro Seven product in the third quarter “was satisfactory in what is typically the lowest quarter for signing new commitments”. The firm said it signed its first client for its new StatPro Seven Risk bureau service that was launched in Q3 2011. Renewal rates “remain high” and are projected to be around 90 per cent or better for the full year.


















