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| Monday, 15 December 2014, 15:15 HKT/SGT | |
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Source: StatPro Inc. | |
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LONDON, Dec 15, 2014 - (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 December 8th it released version 61 of StatPro Revolution to all clients. This release marks the fifth update of 2014 to the cloud-based platform, a year which has seen a significant increase in StatPro Revolution's functionality. As StatPro Revolution is a cloud based product, this allows StatPro to provide updates every two months to all its clients which compares well to traditional software where updates are infrequent and clients do not have to go through an upgrade process or costly IT project. With no legacy versions to support, StatPro's development efforts are always focused on future releases (the next of which is planned for February 2015).
Some of the key features added during 2014 include;
- Advanced Equity Attribution including Top Down Single and Multi-Level Attribution Models with Advanced Currency Overlay
- Access to over 1,300 risk stress test scenarios for analysis at portfolio, sector and security level
- A complete and award winning Risk Limits and Commitment Leverage Monitoring Module designed to help asset managers with UCITS IV and AIFMD compliance
- Advanced user management and sign-off allowing for secure portfolio sharing and content management
- Security spotlight to show detailed security level information, including P&L, balance sheet and cash flow information
- Enhanced reporting and notifications enabling multiple reports to be generated across multiple portfolios with the ability to save settings for quicker and easier report production
- Improved classification management for date stamped, dynamic band, and hierarchical security classifiers.
Dario Cintioli, StatPro Managing Director commented, "Our outstanding development momentum during 2014 has allowed us to deliver further enhancements and key functionality to all our clients. We are especially proud of our award winning* Risk Limits and Commitment Leverage Monitoring Module that helps clients with the complex calculations required for regulations such as UCITS IV and AIFMD. We are excited about next year and look forward to building on the success of 2014 with further new functionality such as Advanced Risk Management and our new performance measurement and data management platform, StatPro R+."
* StatPro Revolution won Best Risk Initiative at the Waters Buy-Side Technology Awards in London in November 2014.
About StatPro
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution, risk and compliance. Hundreds of investment professionals use our services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With over 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes over 3.2 million securities such as global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to around GBP 28 million at 30 June 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 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. www.statpro.com
Contact:
info@statpro.com
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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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