Published on: February 12, 2016

StatPro acquires 51% of InfoVest Consulting

Following its recent purchase of Investor Analytics in the US, StatPro has announced the acquisition of a 51% shareholding in InfoVest Consulting, a privately-owned South African software provider which services the data integration and warehousing needs of the investment management industry. InfoVest currently manages all client services and business development functions around the StatPro Portfolio Control (SPC) compliance system. The purchase is settled by the transfer of SPC licence contracts to InfoVest. The deal (expected to close 1 March 2016) underpins support for SPC, brings further efficient data management software to the Group and adds access to new clients with associated cross-selling opportunities. We make no changes to estimates ahead of the FY15E results (expected 9 March) but note that management expects the deal to be earnings enhancing in 2016.

Related Content