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Statpro Corporate Overview

StatPro is a leading provider of portfolio analytics and data solutions for the global asset management industry. Having grown from a one-product company StatPro now offers our clients eight core products including data and enterprise reporting solutions. This range of products enables StatPro to provide a unique integrated product offering with a strong competitive advantage.

Brief history of StatPro


Year Key Events

1994 Founded by Justin Wheatley

1994-8 Developed Composites product (SC)

1998 Signed first 4 client contracts

1999 Signed 7 new contracts resulting in total of 11 client contracts

2000 Acquired Performance & Attribution (SPA) product
Floated on London Stock Exchange raising £5.5 million
Increased client contracts to 74

2001 Arranged secondary fund raising (£1.7 million) and committed bank debt facility (£3 million)

2002 Acquired Fixed Income Attribution prototype product (SFI)

2003 Transferred listing to AIM for more flexibility
Reported first profit as quoted company
Acquired Risk Management product (SRM)

2004 Invested in SiSoft to develop internet version of Composites (SC)

2005 Bank debt repaid
Acquired Enterprise Reporting product (SER)
Declared maiden dividend as listed company

2006 Acquired Alphai - leading ASP performance company in Australia
Acquired Kizen - Portfolio Control product (SPC)
Raised £13 million in equity
Arranged £14.5 million bank facilities
Acquired FRI - data solutions (SDS) and portfolio management system (SPM)

2007 Completed FRI integration
Disposal of real-time data business
Acquired Initram - bond data solutions

2008 Arranged an increase to bank facilities to £22.5 million
Acquired Performa adding £2.1 million of recurring revenue
Increased client contracts to over 400
Increased recurring revenue to over £22 million

StatPro's strategy is to build an international business by establishing a global distribution network, building a complementary product suite through a combination of acquisitions and internal development, and cross-selling acquired products and services to existing clients and prospects. StatPro has created a business with over £22 million of annualised repeat revenue contracts (94% renewal rate in 2007) with a strong brand associated with a high level of customer satisfaction.

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