Financial software provider StatPro Group has announced that its products are now being rolled out across a selection of funds run by Prudential Investment Managers (PIM), one of South Africa’s top ten largest investment managers, according to a company statement.
The rollout follows the signing of a five-year contract earlier this year between StatPro and PIM, which will use StatPro for traditional performance measurement services, as well as its cloud-based portfolio analysis platform.
The signing of the contract, according to the statement, reflects StatPro’s aggressive marketing in the South African space as well as a growing acceptance of cloud-based portfolio analysis among the world’s largest investment managers.
“StatPro Revolution’s cloud-based interface allows users to interrogate and understand data that traditionally lay buried in rows of numbers, and is an extremely beneficial product to any asset manager seeking greater transparency on their performance numbers,” says Justin Wheatley, StatPro Group CEO.
Under the terms of the contract StatPro will provide performance services to PIM for the next five years, gradually transitioning the investment manager from StatPro’s traditional product set and onto its cloud-based products like StatPro revolution.
“We were exhaustive in our search for a complete performance solution, and are pleased to have contracted with StatPro,” says Meagen Burnett, chief operating officer at PIM in a statement. “We believe this to be a best of breed solution in the South African market.”
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