StatPro (SOG) – which provides cloud-based portfolio analytics and asset pricing services for the asset management industry – has signed a five-year contract with a “large South African financial institution”. The deal, worth ZAR19.5m (£1m), will see the respective institution use StatPro’s Infovest service. Infovest is an integration and data business. In March 2018, StatPro acquired the outstanding shares in Infovest that it didn’t already own for ZAR30.4m.
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The institution is already a client of StatPro’s, but this is the first Infovest product that it has bought. It will give the client a consolidated view of its positions in the market every day.
