December 02, 2010

StatPro Inc. said it has signed new multi-year contracts with several institutional customers as well as banks in North America, Europe and Asia for the company’s portfolio analytics platform and evaluated pricing services.

The contracts were signed with TCW, State Street Global Advisors, Indus Capital Management, PIMCO, Horizon Asset Management and BofA Merrill Lynch in North America; Adepa, Banco Finat, Bank of Ireland, Barclays Capital, CACEIS, NGAI, Polar Capital, SIA SSB, Royal Mail, River and Mercantile Asset Management and Liverpool Victoria Asset Management in Europe; Nedbank in Africa and a major asset manager in Singapore. These contracts support StatPro’s business objectives for the year and add to the Group’s high levels of recurring revenue under contract, stated the company.

The new customer contracts include a variety of StatPro products, including the StatPro Seven portfolio analytics platform and the company’s evaluated pricing services.

“StatPro’s integrated product strategy and SaaS [Software-as-a- Service] delivery model offers a wide range of functionality to help customers meet the ongoing challenges of portfolio analysis,” commented Mark Bramley, CEO of StatPro North America in today's release. “Our SaaS model allows customers to benefit from faster, easier system updates, improved service and reduced costs.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...