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Published on: September 5, 2016

Seven contract win

StatPro has announced another good-sized contract win – this time for its StatPro Seven GIPS (Global Investment Performance Standards) Composites service. The minimum value of the contract with a US-based top 10 global asset manager is £1.5 million over three-and-a-half years. This StatPro Composites contract follows good momentum in the business as a whole in the first half of the current financial year – including two flagship deals for StatPro Revolution that were announced in that period. At the half year, StatPro noted that the Composites module continued to be actively marketed and that it was not among the three StatPro Seven modules whose clients are initially targeted for migration to the Revolution platform. In addition, the Composites module continues to be developed in line with market regulations and requirements. This contract win obviously adds further support to our estimates but, for the moment, we leave them unchanged.

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