StatPro Group (AIM: SOG), the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, announces its has signed new or extended multi-year contracts for a variety of data and analytics services with 11 asset management firms in North America, Europe and South Africa.
The contracts were signed with Nomura Asset Management, MFC Global Investment Management, Aviva, Alexander Forbes, JO Hambro Capital Management, Société General Securities Services, Credem, Bank Syz, State Street, RBC Dexia Investor Services and Hyperion Brookfield Asset Management. These contracts support StatPro's business objectives for the year and add to the Group's high levels of recurring revenue under contract.
Commenting on progress during the summer Justin Wheatley, Chief Executive of StatPro said, 'StatPro's goal is to provide high quality data and analytics to our global customers via our new SaaS platform. StatPro leads the way in innovative and useful analysis of managed portfolios and through reducing the total cost of ownership via the SaaS model we aim to make our services available to a far larger addressable market. This high level of business over the summer months means we continue to be on track with our business objectives.'