StatPro re-certifies to SSAE16 Type II and ISAE3402 controls standard
StatPro Group plc the leading provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, today announced it has been re-certified for the SSAE16 Type II (SOC1) controls standard along with the International ISAE3402 certification. Both standards cover StatPro’s data operations, hosted services and the StatPro Revolution platform in North America.
As more and more investment managers migrate applications to the cloud, information security remains a critical requirement for the asset management industry. StatPro continues its commitment to externally audited information security standards to ensure the highest levels of control when it comes to the confidentiality, integrity and availability of client data. New technology and development platforms allow cloud-based applications to offer enhanced levels of security over legacy on-premise software. Having the management systems, processes and controls verified and audited in partnership with PwC helps demonstrate this to prospects and clients.
Justin Wheatley, StatPro Group CEO commented, “As a cloud-based solutions provider, maintaining high levels of information security are paramount when it comes to client data. These certifications demonstrate our continued commitment to robust and auditable data security processes and controls. Staying ahead with technological changes, opportunities and threats is key to delivering a high value service for our clients, that not only delivers powerful features, but also delivers on confidentiality, integrity and availability.”
StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.
The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.
StatPro has grown its Annualized Recurring Revenue from less than £1 million in 1999 to around £36 million at the end of June 2016. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.