StatPro Group, an AIM-listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract, including a significant uplift in annual value with an EU investment manager for Revolution Delta, with a minimum contract value of EUR1.2 million.
The investment manager currently uses Revolution Delta for a variety of purposes but has now added a new module to cover the new EU Money Market Regulations in order to provide risk reporting to the regulator.
As regulations evolve, so StatPro is providing its clients with extended services to mitigate their cost of meeting onerous and multiple requirements.
Justin Wheatley, Group CEO, says: “This contract win and extension for Revolution Delta, our flagship fixed income service, is a clear demonstration of our capabilities to widen our services to existing customers.
“Our new EU Money Market Risk service forms an essential part of our risk compliance offering and is increasingly attractive as active asset managers are under growing cost pressure from both competition and regulation – only technology can ensure that they can remain competitive.”
