StatPro Group, the portfolio analysis and asset valuation service, said that Spain’s Adepa Asset Management has signed a contract for components of Seven, StatPro’s new SaaS system.

The SaaS system is aimed at performance and risk specialists in large asset managers, StatPro said.  StatPro Seven combines zero IT footprint with full data management and automatic upgrades.

Adepa is a Spanish provider in Luxembourg of asset management, fund administration and corporate services for investment funds addressed to institutional clients, professional investors and high net worth individuals around the world.

StatPro provides Adepa with portfolio compliance, risk and data management services, within a hosted environment. StatPro Seven combines zero IT footprint with full data management and automatic upgrades.

“This agreement is our first deal for StatPro Seven in Luxembourg,” said Justin Wheatley, StatPro Group’s chief executive.