First custodian joins Statpro 17 March 2011London Reporter: Ben Wilkie
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Portfolio analysis and asset pricing services provider Statpro Group has won the first custodian deal for its cloud-based StatPro Revolution service.
It has signed a multi-year contract with RBC Dexia Investor Services, which plans to roll out Revolution to its client base of fund managers, pension funds and insurance companies.
Terms of the deal were not revealed.
The new service went live on February 28 after being on beta since July. StatPro said more than 250 companies trialled the service and the first few trials had converted to paying users.
CEO Justin Wheatley said Revolution was an entirely new category of service for portfolio analytics, providing global access to sophisticated web-based analytics and reporting, as well as the ability to share portfolios between private groups.
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