StatPro Group secured a three-year contract with an EU investment manager for Revolution Delta with a minimum contract value of €1.2m. The contract includes a considerable uplift in the annual value.
StatPro’s investment manager utilises Revolution Delta for several purposes, and has now added a new module to cover the new EU Money Market Regulations to provide risk reporting to the regulator.
Justin Wheatley, the group’s CEO, commented: “This contract win and extension for Revolution Delta, our flagship fixed income service, is a clear demonstration of our capabilities to widen our services to existing customers. Our new EU Money Market Risk service forms an essential part of our risk compliance offering and is increasingly attractive as active asset managers are under growing cost pressure from both competition and regulation – only technology can ensure that they can remain competitive.”