Australian FundBPO chooses StatPro Revolution
StatPro Group plc announces that FundBPO is the most recent company to sign a deal for Revolution, StatPro's cloud based analytics suite which offers risk management and reporting solutions to the global asset management community.
- (1888PressRelease) March 31, 2011 - StatPro Group plc, a leading provider of portfolio analytics and data solutions for the global asset management industry, today announces that Australian fund administrator FundBPO has signed a deal for Revolution, StatPro's new cloud-based analytics suite.
Revolution is a cloud based portfolio analysis service offering performance, attribution, risk management and reporting for portfolio managers around the world. It was created to answer the industry's priorities - improving communication, transparency and distribution, whilst cutting costs. It is sold at a fraction of the price of traditional analytics solutions - US$100 per portfolio per month, for an unlimited number of users.
Martin Smith, Chief Operating Officer, FundBPO, commented: "StatPro Revolution gives us access to the most sophisticated portfolio analysis and reporting at a far lower price than we would normally pay for this quality of service. It enables our fund manager clients to see a complete picture of their portfolio asset allocation, risk performance and attribution on a daily basis. We have gone live with a domestic equity and an international equity portfolio and expect our clients will be able to produce a variety of reports with detailed analysis in a variety of formats on a daily basis. Revolution will give them timely decision support information and in turn give us some competitive advantage."
Justin Wheatley, CEO of StatPro Group plc commented: "We are really excited that FundBPO chose Revolution. After a very successful trial period with hundreds of beta users, the platform is now available to asset managers around the world. Technology that used to cost hundreds of thousands of dollars or more is now available to even the smallest asset manager."
For further information please contact:
Jeanine Leuckel, StatPro
Tel: 020 8410 8655
Email: jeanine.leuckel ( @ ) statpro dot com
About Revolution
SaaS technologies are transforming whole sectors across the business world and portfolio analytics is no exception. StatPro is the first company to offer a genuine SaaS solution that integrates data and software as a service for portfolio analysis. StatPro Revolution is an open platform with a toolkit for integration with third party solutions. The key objective is to offer an outstanding service and equal service to fund managers of all sizes at affordable prices.
For $100 per portfolio per month, Revolution includes risk, attribution, performance and reporting as well as unrestricted access to StatPro's data universe of more than 500,000 securities and 9000 benchmarks. This fee also includes access to an unlimited amount of report generation and unlimited amount of data imports.
To see StatPro Revolution and to sign up for a free trial account go to http://www.statpro.com
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