Portfolio Analytics House Buys UBS Business

Tom Burroughes

10 April 2017

StatPro Group, the UK-quoted portfolio analysis and asset price services business, has agreed to buy UBS Delta from UBS. Financial terms of the transaction weren’t disclosed.

The acquisition means StatPro has grown its annualised recurring revenue from less than £1 million ($1.24 million) in 1999 to around £53 million, it said in a statement late last week. About 80 per cent of its revenues are earned outside the UK.

UBS Delta offers risk and performance analytics, a statement from StatPro said. The deal will enable StatPro to extend services to front-office asset managers; at present, it serves mid-office clients.

The acquisition is phased over three to five years. StatPro will incorporate UBS Delta into the StatPro Revolution product. Throughout the transition, and until StatPro has fully integrated UBS Delta’s functionality, UBS will continue to operate and support UBS Delta for its clients.

StatPro’s cloud-based platform provides analysis of portfolio performance, attribution, risk and compliance. Data coverage includes more than 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs and sector classifications. The business covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.