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15/03/2012

StatPro CEO says StatPro Revolution enables a global sales strategy

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Market: AIM
Sector: Software & Computer Services
EPIC: SOG
Latest Price: 89.00p  (0,00%)
52-week High: 119.00p
52-week Low: 74.50p
Market Cap: 54.63M
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StatPro
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.

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StatPro's Revolution wins best newcomer accolade at technology awards

30th Nov 2011, 10:26 am by Giles Gwinnett Marketing and technology director Neil Smyth and CEO (EMEA) Simon Johns collect the award from former New Zealand rugby captain Sean Fitzpatrick (centre)

StatPro's (LON:SOG) Revolution software product has received a seal of approval - by being judged the best newcomer in the last year at the waterstechnology Buy-Side Technology Awards.

The accolade means the web-based product, which offers online business portfolio analysis, joins a distinguished list of winners - including Alphacet's Discovery and Knight Direct's Oasis.

There were 18 entrants for the category.

In its entry form for the competition, StatPro said that its goal had been to create " a brand new product built from the ground up that would transform the portfolio analysis arena".

It said Software as a Service (SaaS) and cloud computing - which delivers services via a network, typically the internet - were just beginning to prove themselves as methods of delivering software.

"Our ambition was to create a pure play cloud computing platform with a zero software footprint," it said.

The firm's Revolution service is accessible via a browser from anywhere so there are no hefty implementation costs and businesses can start getting value immediately, the firm had also highlighted.

Users can very quickly make calculations and view information, including risk scenarios showing portfolio, segment and security level impacts and more than 200 different statistics that can be viewed and charted showing trends over time, it added.

The Revolution product has capacity for tens of thousands of users and portfolios and the product's front end components are deployed on over 60,000 internet servers around the world, the firm told the judges of the competition.

Last month, research house Edison, in a note, said StatPro's new software substantially broadened the group’s potential market by targeting front offices and smaller players in the wealth management industry.

Analyst Richard Jeans explained that modular investment analysis software was historically sold to ‘middle offices’ of larger firms and it would have been installed on site.

However, with the lower cost Revolution software – which is hosted on the ‘cloud’ - StatPro has lowered the traditional customer entry level for sophisticated investment analysis software and as a result it now has a much broader market, he said.

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