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StatPro signs $1.97m contract with SA asset manager for cloud migration

Africa Global Funds
Jan. 27, 2017, midnight
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StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has entered into a 5-year contract with a global South African asset manager for a minimum value of approximately $1.97m (ZAR 26.6m).  

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StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has entered into a 5-year contract with a global South African asset manager for a minimum value of approximately $1.97m (ZAR 26.6m).  

The client will continue to use StatPro Seven before migrating to StatPro Revolution.

In 2017, the asset manager will start a proof of concept with StatPro Revolution Performance with a view to deploying the full StatPro Revolution suite in 2018.

Justin Wheatley, Group CEO, said: “The process of converting our clients from our older technology for performance and risk, StatPro Seven, to the cutting-edge cloud technology of StatPro Revolution is accelerating.”

“This client’s commitment to a long-term relationship, with their requirement to use our innovative cloud solution for performance and risk analytics, is a good example of how we are expanding our client contracts as they switch to StatPro Revolution Performance,” he said.

StatPro Revolution is a platform, which allows to access portfolio performance measurement, attribution, contribution, allocation, risk, and compliance analytics.

The platform covers over 3.2 million global securities including equities, fixed income, mutual funds, listed futures contacts, FX forwards, inter-bank deposits, options and OTCs. 

StatPro Revolution also cover most families of benchmarks including MSCI, Russell, FTSE, NASDAQ and also the license free, Freedom Index.

StatPro Revolution supports multiple data models, which gives the flexibility to choose which data model suits which portfolio and investment process. 

The data models include; transaction-based, holdings based, market values, pre-calculated weights and returns from StatPro Seven, or even pre-calculated weights and returns from other performance systems.

“Our current focus to migrate performance and risk clients to StatPro Revolution is expected to be largely completed over the next two years,” said Wheatley.

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