In line with its strategy to develop a complementary multi-product offering, StatPro Group plc, the AIM listed provider of portfolio analytics solutions for the global asset management industry, is pleased to announce the acquisition of Delve Limited ("Delve") which has developed a highly regarded enterprise and web reporting solution.
Reporting of performance and risk is now an essential part of the interaction between a fund manager and its clients. There is a competitive advantage to having excellent reporting which allows clients to drill down to obtain detailed, accurate and timely information in an efficient and reliable way. Since early 2004, we have been working closely with Delve to market their reporting solutions as part of our client offerings.
We anticipate sales interest from both our existing client base and from other
portfolio managers globally as they continuously seek to improve their portfolio performance and risk reporting.
Delve’s product, now named StatPro Enterprise Reports (SER), is the most powerful and flexible enterprise-wide reporting application that we have seen in the market today. Making use of cutting edge technology, SER offers business users the ability to easily automate the production of fact sheets, client valuation statements, marketing presentations and emails. SER allows you to offer world class online fund reporting.
Jonty Hurwitz, Managing Director of Delve and an expert in internet-based reporting solutions commented: "I have now been working with the team at StatPro for around two years and I was pleased with the collaboration which resulted in signing our first joint client last year. The team at StatPro are focussed on developing good client relationships and I look forward to working as part of the StatPro team."
Commenting on the transaction Justin Wheatley, Chief Executive of StatPro
Group, said: "There is considerable demand amongst fund managers to improve
client reporting and Delve has some of the most sophisticated technology to meet this demand. Combined with StatPro’s growing client base and wide distribution, we are confident that the acquisition of Delve will be a success and earnings enhancing."