StatPro, the AIM listed provider of portfolio analytics and data solutions for the global asset management industry, today announced the acquisition of Performa Consultants UK Limited (“Performa”), a supplier of software solutions to asset managers for complying with Global Investment Performance Standards (GIPS®).
The combination of StatPro and Performa will create a leading force in the global composites marketplace. The acquisition allows StatPro to further develop its product offerings and offer unrivalled distribution and client support.
Commenting on the acquisition, Justin Wheatley, Chief Executive of StatPro Group, said: “The team at Performa has built a strong profitable business focussed on delivering excellent value to clients. The combination of StatPro and Performa offers a strong proposition in the global composites market at a time when there is considerably more focus on reporting and compliance with regulations such as GIPS ® and MiFID.”
Commenting on the acquisition, Dean Brown, CEO of Performa, said: “StatPro’s global coverage is an excellent fit with Performa’s specialist products and staff. The additional products that StatPro provide, along with their global support structure, will enhance our overall offering and service to our existing and potential customers.”
StatPro has an established track record of identifying and acquiring entrepreneurial businesses which have excellent products and technical skills. By combining these successful entrepreneurial teams into the expanding StatPro global distribution network, and providing the investment and support to take the products to the next stage of development StatPro is able to create products that respond to the evolution of financial markets worldwide.
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