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15/03/2012

StatPro CEO says StatPro Revolution enables a global sales strategy

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Additional Information
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 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: WAY Group buys Revolution package

30th Jan 2012, 2:54 pm by Ian Lyall Last week StatPro said it is changing the focus of its sales operation to concentrate solely on Revolution

Fund administrator WAY Group has purchased Revolution, StatPro’s (LON:SOG) new low cost, high spec analytics package, it was revealed today.

This latest contract takes to 51 the number of customers using the new cloud-based product.

StatPro chief executive Justin Wheatley reckons the price and functionality of Revolution are opening a whole new market for the company.

"Before StatPro Revolution, many investment managers were unable to afford performance measurement, attribution and risk analytics,” he added.

“Our cloud-based platform enables them to have access to a market leading service at a compelling price."

Way chairman Paul Wilcox agreed: "This service not only enables asset managers to reduce costs but increase assets under management, which in turn benefits us as the fund administrator."

Last week StatPro said it is changing the focus of its sales operation to concentrate solely on Revolution.

Its other product, Seven, is the responsible for the majority of the company’s turnover, but is on a slowly declining sales trajectory.

The range of clients and the geographic spread of the new sales has marked Revolution out as a product with true global potential.

It was also used by customers ranging from the small, independent fund managers with several million under management to a large.

"StatPro Revolution is revolutionary in that it is a comprehensive cloud based portfolio analytics solution bringing substantial benefits to asset managers as well as fund administrators globally," said WAY chairman Wilcox.

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