StatPro and Prudential reach for the cloud 29 October 2014Cape Town Reporter: Stephanie Palmer
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StatPro Group and Prudential Investment Managers are cementing their relationship as StatPro products are rolled out across a selection of funds.
AIM-registered StatPro signed a five-year contract with Prudential earlier in the year to enable cloud-based access to portfolio analysis.
Meagen Burnett, COO of Prudential Investment Managers, said: “We were exhaustive in our search for a complete performance solution, and are pleased to have contracted with StatPro. We believe this to be a best of breed solution in the South African market.”
StatPro will be providing performance services for the next five years, overseeing a transition from its traditional products to cloud-based product StatPro Revolution and eventually, StatPro R+.
CEO Justin Wheatley said: “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.”
“StatPro’s portfolio-based model will allow unlimited users to access and interrogate portfolio performance in a highly secure cloud environment.”
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