BOSTON, July 9, 2014 (GLOBE NEWSWIRE) -- StatPro Group plc (LSE: SOG ), the AIM listed provider of cloud-based portfolio analytics for the global asset management industry, today announced it has joined NASDAQ's Elite Index Data Partner Program. This allows StatPro Revolution customers access to the complete suite of more than 41,000 indexes offered by the NASDAQ Global Index Family. Says Justin Wheatley, Group CEO of StatPro, "We are excited to be partnering with NASDAQ to supply their high quality indexes in StatPro Revolution, our cloud based portfolio analytics service. For the first time, asset managers of any size will be able to perform sophisticated attribution analysis by buying index data on a per portfolio basis. For investors, the high integrity of the NASDAQ brand means that they can be confident that any comparison between a fund manager's portfolio and the NASDAQ indexes will be as good, if not better, than any alternative index provider. For asset managers, the combination of brand, quality and price point makes this an unbeatable combination."
StatPro Revolution's App Store will feature the NASDAQ indexes, both on a constituent and total level, and will allow clients the opportunity to buy benchmark data on a per portfolio basis. By combining the power of StatPro Revolution's cloud-based portfolio analytics and NASDAQ's high-quality low cost benchmark data, asset managers will have access to deeper insights at a significantly lower cost.
Further, NASDAQ's Index Level Performance available in StatPro Revolution can be redistributed by downstream clients in their own reports without the need for a direct license or associated fees, enabling investor communications without incurring additional fees for reporting rights, typically charged by other benchmark providers.
Says Oliver Albers, Vice President Sales for Index & Data at NASDAQ OMX, "Partnering with StatPro Revolution to offer the NASDAQ Global Index Family is an exciting opportunity for both companies that creates unsurpassed value for the buy-side community. The combination of StatPro's cloud-based analytics platform and NASDAQ's deep global index content enables investment managers of all sizes to conduct sophisticated portfolio attribution analysis at an affordable price."
About StatPro
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than $1 million in 1999 to around $50 million at 31 December 2013. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 450 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.
StatPro contact Swati Bhoumick
