StatPro Group (SOG), a UK-based provider of cloud-based portfolio analytics for the global asset management industry, has signed a multi-year contract with a major Italian asset manager for its StatPro Revolution service.
Under the terms of the agreement, StatPro has secured the contract worth a minimum of $1.1m over three years from the asset manager, which now has assets under management of over 18 billion.
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The asset manager has signed a deal with StatPro to control and share portfolio analysis across the entire organization with no extra cost.
Through this contract, the asset manger will use StatPro Revolution service to expand its wealth management arm with a selection of advisory portfolios and clients.
As part of the deal, the StatPro service will enable the asset manager to enhance their risk and performance analysis and distribution across its funds.
Justin Wheatley, CEO, StatPro Group, said: "Adding a major European asset manager shows how the product is maturing with sophisticated levels of portfolio analysis and unrivaled distribution with our ability to share interactive analysis online. We’re very excited to see another client embracing an online, self-service approach when it comes to portfolio analysis reporting."
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