– UK, London – StatPro Group plc, (AIM: SOG), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, is appointing David Courtley and Rory Curran as non-executive directors. They take up their appointments at the conclusion of today’s Annual General Meeting.
David John Courtley, 59, has been in the IT industry for over 25 years and has held a number of senior management roles including CEO of Phoenix IT Group, CEO of Fujitsu Services and Managing Director of EDS UK. He is currently CEO of Mozaic Services, a private company specialising in IT service integration, and is Senior Independent Director of AIM-listed The Science Group plc. David will become Chairman of the Group’s Remuneration Committee.
Rory Greenway Curran, 57, has also been in the IT industry for many years. Rory co-founded 1st Software, one of the first companies to use technology as a financial planning tool for building long-term client relationships in financial services companies. The business was sold in 2006. Rory left in 2008 and has since been a director and investor in a number of technology companies. He is currently a non-executive director of Andromeda Enterprises and Sammedia Limited, both cloud-based technology businesses.
As previously announced Stuart Clark, the Senior Independent Director and Chairman of the Remuneration Committee, decided not to seek re-election at today’s AGM and will cease to be a Director at the conclusion of the meeting.
Jane Tozer will assume the role of Senior Independent Director from today.
Carl Bacon, non-executive Chairman, commented: “We are delighted to welcome David, with his considerable expertise in IT services, and Rory with his expertise in financial services technology, to StatPro. Their wealth of experience in growing technology businesses will make a great contribution at this exciting time in our evolution.”
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 costs.
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 licence free Freedom Index.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £32 million at end December 2015. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 38 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.
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