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LONDON, Mar 13, 2015 - (ACN Newswire) - StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis for the asset management industry, today announced that on March 7th it released version 62 of StatPro Revolution to all clients. This release marks the first update of 2015 to the cloud-based platform. Developing for the cloud allows StatPro to create updates more frequently than traditional software and clients do not have to go through an upgrade process or costly IT project.
Version 62 now supports market values as import data allowing a more accurate weight and return to be calculated. This provides additional flexibility alongside the existing quantity based holdings data and the security weights and returns option. This new version also supports switching from current data models to the new data model to preserve historical performance.
We have also updated the Portfolio Admin section to make it easier to create and edit portfolio settings. It's also easier to browse and sort larger number of portfolios using the new portfolio picker screen.
This upgrade also enables multiple NAV series data imports for a single portfolio. This provides additional flexibility for portfolios containing multiple share classes for example.
Dario Cintioli, StatPro Managing Director commented, "these latest enhancements focus on the usability of StatPro Revolution enabling our clients the flexibility they require. We have also been preparing the system for additional risk analysis functionality including migrating to a new StatPro Risk API service that will perform many risk calculations on behalf of StatPro Revolution. This important work will allow us to accelerate the development of advanced risk analytics including relative risk and risk factor decomposition during 2015."
About StatPro
StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. Thousands of investment professionals use StatPro's premium services directly or through a fund administrator or partner to perform advanced portfolio analysis, data management, reporting and online distribution every day. This multi asset-class, analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.
With over 20 years' experience combining technology and industry expertise, StatPro believes portfolio analytics should add value, insight and competitive advantage while being flexible, scalable and cost effective. The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free; Freedom Index.
StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to around GBP 29 million at 31 December 2014. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia, and approximately 500 clients in 37 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.
For further enquires please contact:
Rachael Cooper
Global Marketing Manager, StatPro
Tel: +44 (0)20 8410 8655
rachael.cooper@statpro.com
Swati Bhoumick
Marketing Manager North America & APAC, StatPro
Tel: +1 (617) 692 1140
swati.bhoumick@statpro.com
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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via Globenewswire
Topic: Press release summary
Source: StatPro Inc.
https://www.acnnewswire.com
From the Asia Corporate News Network
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