LIGHTNING RELEASES: London (8/4/2014)- StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics for the global asset management industry, pledges to support the education of underprivileged children in South Africa. StatPro currently sponsors 40 students and since the programs inception in 2008, has donated R 2.8 million and sponsored 186 students.
Justin Wheatley, Group CEO of StatPro points out “In the long term, only education can eradicate poverty, reduce great discrepancies in wealth and stem the sources of social unrest. Without the opportunity to attend a good school and the aspiration to go to University, these children and their immediate families will remain in a state of poverty. A University degree in South Africa can increase an individual’s earning potential by five to ten times. Many of the children sponsored will go on to help their families and pay for younger relatives to attend school and University once they are earning salaries.”
More recently StatPro has partnered with Claremont High School, a maths and science school in Cape Town which only admits underprivileged students. As well as a large donation towards unpaid school fees, StatPro has promised to sponsor a teacher to help reduce overcrowded classrooms.
Murray Gibbon, Principal of Claremont High School explains “Pupils at our school are drawn from challenging backgrounds from all across Cape Town. These are youngsters with enormous potential and the drive to make a success of their lives. But the sad reality is that without access to a quality school it will be extremely difficult for them to realise this potential. Partnerships with companies like StatPro allow us to provide exactly that quality education at a minimal cost to the families. Access to these educational opportunities will, in many instances, change the trajectory of a family within one generation.”
IT and finance are StatPro’s main areas of expertise and we want to cultivate them. We aim to give the students we sponsor a real world experience of what it’s like to work in software and financial services by demonstrating what we do and forging one-on-one relationships with senior staff at StatPro. We’re proud to be sponsoring these children and making a real difference to their lives and our community. StatPro’s pledge to support the education of disadvantaged children in South Africa means that StatPro and our clients are helping to share our success with our community.
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than $1 million in 1999 to around $50 million at 31 December 2013. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.