STATPRO GROUP PLC - StatPro signs Valletta Fund Services in Malta

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13 June 2016 STATPRO GROUP PLC StatPro signs Valletta Fund Services in Malta StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, announced today that ...

13 June 2016


StatPro signs Valletta Fund Services in Malta

StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, announced today that Valletta Fund Services, the largest fund administrator in the Maltese market, has extended it's offering to include StatPro Revolution, a sophisticated cloud-based risk and analytics platform.

Along with daily performance, contribution and attribution analysis, Valletta Fund Services' clients will gain access to StatPro Revolution's award winning risk limits monitoring to manage UCITS and AIFMD regulated funds and a complete suite of risk models including historical risk simulation VaR, Monte-Carlo, Variance/Co-variance (parametric) VaR, Factor-based risk analytics and comprehensive sensitivity analysis.

Joseph M Camilleri, Chief Officer at Valletta Fund Services stated that the company's extensive service offering will be enhanced further through this useful tool. "VFS's leading position in the marketplace in Malta has been driven by its on-going innovation, by ensuring that it identifies those areas that our investment management client base is seeking to address in the most effective and efficient manner. Increasingly investment managers are outsourcing functions to external parties, and it is VFS' mission to ensure that such support services are provided by it. This alliance with StatPro falls squarely within this mindset aimed at providing investment managers with a useful and professional tool that assists them in their Risk Management decisions."

Paolo Orlandi, Head of Business Development at StatPro said "The partnership with Valletta Fund Services means that their clients can now gain access to our flagship portfolio analytics, with no implementation effort. Malta's investment industry is growing rapidly and interpreting the regulatory landscape in the right way is important. With StatPro Revolution, Valletta Fund Services can now satisfy the increasing demand of portfolio analytics and risk management. The cloud-based platform offers a complete and cost effective risk solution, ready to respond rapidly to changing regulation and broadens the range of sophisticated analytics available to our clients."


- Ends -

For further information, please contact:

StatPro Group plc 
Neil Smyth, Marketing & Technology Director +4420 8410 8747
Larry Poon, Global Marketing Manager +4420 8410 8671

Valletta Fund Services Ltd
Joseph Camilleri, Executive Head Business Development and Corporate Services

+356 22755599

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free Freedom Index.

StatPro has grown its annualized recurring revenue from less than £1 million in 1999 to around £32 million today (including Investor Analytics on a pro forma basis). The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

About Valletta Fund Services

Valletta Fund Services (VFS), incorporated in 2006, is the leading provider of fund administration services in Malta, and a fully owned subsidiary of Bank of Valletta (BOV). VFS complements the BOV Group's expertise in the fund business supporting the Group's growth strategy in the light of the fast changing developments taking place in Malta which has fast developed into an internationally renowned financial center.

VFS is very well positioned to provide to the fund management industry with an integrated range of high quality fund administration solutions.  Its strengths are derived from a strong complement of experienced employees coupled with the significant investment that has been made in state-of-the-art technology.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via Globenewswire


Source(s) : StatPro Inc.

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