StatPro secures £1.5m contract extension
(ShareCast News) - Cloud-based portfolio analytics and asset pricing services firm StatPro Group announced on Wednesday that it has secured a two-year contract extension with a "large" European asset manager for its Delta service, worth £1.5m.
The AIM-traded company said the unnamed existing client was extending as well as increasing its commitment to use the platform for ongoing risk analytics, in both the front and middle office, primarily across fixed income assets.
"This contract extension, with an important client, underlines the quality of the recently acquired Delta service which offers unprecedented price accuracy and flexibility for our fixed income clients," said group CEO Justin Wheatley.
"We are making rapid progress with our plans to reach functional parity between Delta and our flagship StatPro Revolution platform."