LONDON -- (Marketwire) -- 03/19/13 -- StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and data solutions for the global asset management industry, today announces a new partnership with Interactive Data, a leading global data provider.
By integrating Interactive Data's extensive award winning fixed income evaluations data into StatPro Revolution, StatPro's cloud-based portfolio analysis platform, StatPro clients can now access evaluated prices for approximately 2.8m fixed income securities including investment grade and high yield corporate and sovereign securities, securitised securities and U.S. municipal securities.
Available online in the StatPro Revolution App Store for a portfolio based fee, evaluated pricing data can be easily incorporated into any existing portfolio within StatPro Revolution. By acquiring the data through the StatPro Revolution App Store, clients have a one-stop-shop for data and analytics through StatPro Revolution.
Justin Wheatley, CEO, StatPro, states: "This partnership with Interactive Data allows us to dramatically increase the data coverage we offer in StatPro Revolution. It's exciting to see such a large data vendor embrace per portfolio pricing through an online platform. Being able to offer Interactive Data fixed income evaluated prices to clients through the StatPro Revolution App Store means they can get what they want all in one place."
Anthony Belcher, director, EMEA Pricing and Reference Data at Interactive Data, comments: "Increased demand for transparency from portfolio reporting and new accounting standards are driving demand for high quality, fixed income evaluations to better manage portfolios and the valuation process. Through this agreement, StatPro's asset management clients can now quickly and easily access a broad range of Interactive Data's fixed income evaluation data that is used by thousands of financial institutions globally."
Visit www.statpro.com for more.
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 nearly 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 GBP 1 million in 1999 to around GBP 30 million at end December 2012 and currently enjoys a renewal rate of approximately 93%. 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 350 clients in 30 countries around the world.
About Interactive Data:
Interactive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data's offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data has over 2,500 employees in offices worldwide.
Pricing, evaluations and reference data are provided in the US through Interactive Data Pricing and Reference Data LLC and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd.
For more information about Interactive Data please visit: www.interactivedata.com.
Contact: Rachael Cooper Rachael.firstname.lastname@example.org