StatPro Group has signed a five-year contract worth about £1.0m (ZAR 19.5m) with a large South African financial institution for its Infovest service.
This is the first Infovest product that has been purchased from the financial institution, which is an existing client of the group. The company would use Infostore to provide a consolidated view of all its positions in the market on a daily basis and to enable business intelligence and analytics.
Justin Wheatley, group CEO, commented: “This contract win is confirmation of the excellent quality of our Infovest data management solution. Infovest’s vast experience in providing data management solutions in the financial sector, along with its strong focus on data governance and excellent implementation track record, were significant factors in the awarding of the contract.”