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StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics for the global asset management industry, today announced it has signed a 5 year contract renewal worth over £ 1.6m with a top 10 asset manager, for its leading GIPS compliance solution, StatPro Composites.
A key element to the renewal was the ability of StatPro Composites (part of the StatPro Seven product suite) to manage a global GIPS certification project which is essential for the client. Scalability was also crucial as the system is required to manage and report on Composites numbering in the thousands, a particular strength of the StatPro solution. The continued partnership also makes provision for the client to migrate the solution to StatPro's cloud-based platforms, StatPro Revolution and StatPro R+. This five year renewal demonstrates the client's confidence in StatPro's technology roadmap and our next generation of performance management solutions.
Justin Wheatley, StatPro Group CEO, commented, "This five year contract renewal from such an important global client, shows the confidence in our ability to continue to deliver a global GIPS solution. This top 10 asset manager has understood StatPro's commitment to new technology and demonstrated their belief in our roadmap by signing for a further five years. We are delighted to continue our partnership."
