StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, is pleased to announce that following the signing of a five year contract earlier this year with Prudential Investment Managers, one of South Africa’s top ten largest investment managers, StatPro products are now being rolled out across a selection of funds.
Prudential Investment Managers has selected StatPro to enable, amongst its other traditional performance services, secure cloud-based access to sophisticated portfolio analysis. This contract underlines StatPro’s leading position in the high growth South African asset management market. There is a growing acceptance of the cloud model for the delivery of portfolio analysis by some of the world’s largest investment managers.
Justin Wheatley, StatPro Group CEO, commented: “StatPro Revolution’s cloud-based interface allows users to interrogate and understand data that traditionally lay buried in rows of numbers, and is an extremely beneficial product to any asset manager seeking greater transparency on their performance numbers. StatPro’s portfolio-based model will allow unlimited users to access and interrogate portfolio performance in a highly secure cloud environment.”
Meagen Burnett, Chief Operating Officer at Prudential Investment Managers, adds: “We were exhaustive in our search for a complete performance solution, and are pleased to have contracted with StatPro. We believe this to be a best of breed solution in the South African market.”
The transaction will see StatPro providing performance services to Prudential Investment Management for the next five years, transitioning the investment manager from StatPro’s traditional product set and onto its cloud-based products namely StatPro Revolution and, when agreed to be ready, StatPro R+.