StockMarketWire.com - StatPro signed a contract extension with a major fund administrator for StatPro Revolution worth $1.2m over the next three years as the fund administrator has secured a new client requiring StatPro's capabilities.
The company said fund administrators are an important distribution channel for StatPro, as the asset management market looks to outsource key data management functions.
StatPro Revolution is uniquely adapted to help fund administrators provide portfolio analytics to asset managers, combining a superior service and lower cost of ownership due to its cloud-based technology.
StatPro expects to see further growth from major fund administrators during the course of the year.
Story provided by StockMarketWire.com
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