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StatPro Inc.: StatPro Group plc - Acquisition of majority shareholding in South African InfoVest Consulting

12 February 2016


StatPro Group plc

Acquisition of majority shareholding in South African InfoVest Consulting

StatPro Group plc, the London AIM listed provider of cloud-based portfolio
analysis and asset pricing services for the global asset management industry,
is acquiring a 51% shareholding in InfoVest Consulting (Pty) Ltd
("InfoVest"), a South African headquartered software provider, specialising
in data warehouse, ETL and reporting software for the asset management

The purchase of the 51% shareholding is being made via the transfer of StatPro
Portfolio Control ("SPC") licence agreements to InfoVest which StatPro
provides to South African clients and which InfoVest currently supports on
behalf of StatPro.

Given increased regulations there is a growing demand for compliance
management solutions such as SPC, which is a module of one of StatPro's
products, StatPro Seven. By taking a majority stake in InfoVest, StatPro will
benefit from this expanding market as well as improving the product and
services it offers.

InfoVest's data warehouse software is a cost effective solution for asset
managers and service providers to manage their internal data effectively in
order to provide both input data to other systems and for reporting. The
success of implementing a solution such as StatPro Revolution Performance
depends on a client's ability to provide data in a reliable manner.
InfoVest's software is designed to do precisely this.

In addition, StatPro and InfoVest have entered into a joint marketing
agreement to promote each other's products and services as part of StatPro.
InfoVest products will keep their current branding, whilst benefitting from
the marketing reach of StatPro.

Justin Wheatley,
Chief Executive of StatPro, commented:

"Owing to increased regulations there is clear demand for compliance
management solutions in a post trade environment such as SPC. With the
InfoVest team backing SPC, we can now supply this solution to more clients.
This partnership will also mean that StatPro and InfoVest will be able to
support and cross sell each other's products and services.

"Combining StatPro's expertise in building the Revolution suite of analytics
and InfoVest's specialised skillsets required to market and support SPC, we
are leveraging the comparative advantages of both businesses."

Robin Kemper
, CEO InfoVest commented:

"This transaction provides a fantastic platform for Infovest to expand rapidly
into new markets and territories in partnership with StatPro. We have already
built a strong relationship with StatPro around SPC and believe that we can
capitalise further on this relationship in the Investment Data Management and
Compliance reporting space in support of StatPro's core Revolution strategy."


| StatPro Group plc |
| Justin Wheatley, Chief Executive +44 (0) 20 8410 9876 |
| Andrew Fabian, Finance Director |
| Neil Smyth, Marketing and Technology Director |
| Robin Kemper, CEO InfoVest +27 (0) 21 685 9157 |
About StatPro

StatPro is a global provider of award winning portfolio analytics solutions
for the investment community. The Group's cloud-based platform provides vital
analysis of portfolio performance, attribution, risk and compliance. This
multi-asset class analytics platform helps StatPro's clients increase assets
under management, improve client service, meet tough regulations and reduce

The Group's integrated and global data coverage includes over 3.2 million
securities such as equities, bonds, mutual funds, FX rates, futures, options,
OTCs, sector classifications and much else besides. StatPro also covers most
families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open
source Freedom Index.

StatPro has grown its Annualised Recurring Revenue from less than £1 million
in 1999 to around £32 million today. The Group has operations in Europe,
North America, South Africa, Asia and Australia, with hundreds of clients in
37 countries around the world. Approximately 80% of recurring revenues are
generated outside the UK. StatPro Group plc shares are listed on AIM.

Further information is available

About Infovest

Infovest is one of South Africa's leading Investment Data Management software
providers based in Cape Town. Their focus is to provide a sound and practical
data management system to cater for the investment industry and apart from
supporting SPC, they develop, market and support two key products (data
warehouse and ETL tools).

Further information is available


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StatPro Inc. via Globenewswire


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