StatPro Group Plc Market Leading Cloud based Portfolio Analytics And Asset Pricing Services For The Global Investment Management Industry
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StatPro Group Plc Market Leading Cloud‐based Portfolio Analytics And Asset Pricing Services For The Global Investment Management Industry April 2019 1
StatPro Group: The Market Leading Provider of Cloud‐based Portfolio Analytics and Asset
Pricing Services for the Global Investment Management Industry
I. Performance, Attribution, Risk And Compliance Solutions All On One Integrated, Cloud‐based Platform 3
II. Comprehensive Product Suite 5
III. Innovative Cloud‐based Technology 12
IV. Well‐Positioned To Capture A Share Of A Very Large Market 17
V. 450+ Clients In 40 Countries 22
VI. Experienced Management Team 28
VII. Attractive Financial Profile 31
VIII. Case Studies 46
2
The Market Leader in Transaction‐based Performance, Attribution, Risk and Compliance
Solutions all on One Integrated, Cloud‐based Platform
StatPro is a Fast‐growing Provider of Portfolio Analytics Revenue and ARR(2) Have Almost Doubled In 4 Years
for the Global Investment Management Industry
Figures in $M 72.4
71.3
69.0
64.0
• StatPro offers a comprehensive range of portfolio management
solutions to the global investment management industry including 51.1
48.8
portfolio valuations, fixed income and equity attribution, risk
management, composites, governance, and analytics reporting
39.2
37.3
• Innovative cloud‐based technology delivers a fast, scalable, secure
and flexible SaaS product suite
• Data coverage of more than 3.2 million securities including bonds,
mutual funds, FX rates, futures, options, OTCs, sector
classifications, as well as most families of benchmarks including
MCSI, FTSE, Russell, NASDAQ and the open source Freedom index
• 10 offices in 8 countries 2015 2016 2017 2018
• United Kingdom(HQ), South Africa, United States, Canada, Revenue ARR
France, Germany, Italy and Australia
$11.7M Adjusted EBITDA in
• 304 global employees 96% Recurring Revenue
2018
• 450+ clients in 40+ countries
• Including 10 of the world’s largest asset managers 90%+ ARR Retention 32% YoY EBITDA Growth
• Four recent acquisitions expand StatPro’s capabilities
• Regulatory Risk Services Bureau of ODDO BHF (2018) Total ARR Doubled Over 4 Cloud Services ARR Quadrupled
• UBS Delta (2017) Years Over 4 Years
• Infovest (2016) Average Client ARR Up 51% 96% Growth in Cash From
• Investor Analytics (2016) Over 4 Years Operations Over 4 Years
(1) Constant Exchange Rate of £1 = US$1.3
3 (2) ARR = Annual Recurring Revenue
StatPro’s Strategy is to Grow Organically and through Select Strategic Acquisitions
2019+
Cloud + Acquisitions = Growth New
divisional
structure will
2018 make
Acquired operations of
2017 Regulatory the business
Risk Services clearer,
Acquired Bureau from provide
2016 Delta from ODDO BHF; distinct
UBS – Risk Acquired divisional
Acquired and remaining management
2012 Investor Analytics stake in focus and
Analytics platform Infovest drive more
Pure‐cloud (cloud‐based
2011 strategy risk product)
growth. New
global
StatPro announced; and rebranded agreement
2009 Revolution Launch of as StatPro with top 5
launched Risk Bureau Revolution
Launch of global bank.
2006 SaaS commercially Service, Alpha;
Transaction
2003 Acquired Data platform; Processing
Acquired 51%
Started stake in
2000 Acquired Risk Solutions &
development
Service Infovest
Portfolio
1998 IPO on
Management
Management of Revolution
(managed
1994 London Stock
product;
System (FRI);
service), and
Signed first Transferred Risk Limits
Founded by 4 contracts; Exchange; listing to AIM Acquired Monitoring
Justin Developed Acquired Alphai (ASP module
Wheatley composites Performance performance)
product & Attribution and Kizen
Product (governance)
Beginning Public Transition to the Cloud
4
Comprehensive Product Suite 5
StatPro Offers a Robust Suite of Solutions to Address Complex Challenges of the Investment
Management Industry…and it’s All in the Cloud
Revolution
A suite of performance measurement and advanced SaaS portfolio
analytics, risk management and compliance solutions all in one
integrated cloud‐based platform designed to help clients measure StatPro
performance, manage risks, comply with regulations, increase Single Source
Data and
productivity and lower costs. Analytics
Revolution Source:StatPro
Cloud Analytics Managed Data
Infovest
Integration and data management services including proprietary data
3rd Party Data
warehouse, ETL (‘Extract, Transform and Load’) and reporting tool, Managed Service
Managed Data &
and regulatory post‐trade compliance tool. Warehousing / ETL
and Analytics
Source:StatPro
A high‐quality evaluated bond pricing service, global ETF valuation
service (including constituents), managed benchmark index service Infovest
and high‐quality yield curve service. Source:StatPro also offers models Data Warehousing / ETL
for complex assets and proprietary Freedom Indexes together with
analytics and a wide range of asset classification data.
6
Revolution Allows Clients to Measure Portfolio Performance, Manage Risk, Comply with
Regulations, Increase Productivity and Lower Costs All on a Single SaaS, Cloud‐based Platform
Fully Integrated Market Data and Analytics Award Winning Risk Limits Compliance
Extensive Regulatory Compliance Flexible Reporting and Web API
Coverage of Complex Assets Fixed Income Analytics
Cloud‐Based with Zero IT Footprint Advanced Attribution Analysis
Massively Scalable Performance Calculations Visual Workflow with Extensive Oversight
Increased Sales and AuM Improved Client Service Regulation Compliance Reduced Operational Costs
Expands view of any portfolio Replaces manual reporting processes Manages regulated funds directly in Reduces portfolio analysis costs
Presents users with dynamic and with a controlled digital platform compared to terminal‐based systems
interactive analysis from portfolio to communication channel Produces data and reports with online – no per user or site costs
security level Replaces rigid report model with collaboration and sign‐off Lowers total costs through no local IT
Provides clients and stakeholders with custom‐built analysis and reporting Exposes any potential breaches with systems
controlled access to analysis and Adds value over static PDFs with specific details through visual Increases level of service without
reporting interactive online analysis overview of all regulated funds increasing headcount
7
Investment Managers Leverage Revolution’s Modern Technology to Meet the Complex
Challenges of Performance Measurement, Risk Management, Compliance and Reporting
People & Businesses Have Money Investment Managers Help They Do This Using StatPro
To Invest Manage That Money Revolution
Investment managers use
Which helps them:
StatPro Revolution to enhance
their investment process and Analyze performance
to keep their clients informed Monitor portfolio risk
Comply with regulations
Generate investment returns
for clients
Thousands Of Investment
Professionals Use Revolution
Which helps them:
Increase sales and AUM
Portfolio analysis Improve client services
Data Management Meet tough regulations
Reporting Online Reduce costs
Distribution
Annual subscription to the StatPro
Revolution Platform
8
The Addition of Delta + Revolution = Advanced Multi‐asset Risk and Performance Tools Across
Fixed Income, Credit, FX, Equity, Alternative Assets and More
Full Product Integration in 2020
Risk Management
• Detailed fixed income risk factor decomposition
• Key rate durations (KRDs) and sensitivities
• State of the art issuer level credit curves
• Historical, Parametric and Monte‐Carlo VaR models
• Full revaluation scenario analysis for sophisticated stress testing
Risk Management
Performance Measurement and Attribution
• Transaction and holdings‐based performance measurement and attribution
• Advanced fixed income models (KRD and DTS models) to accurately explain portfolio returns
• The approval monitor streamlines the performance, reconciliation and results sign‐off workflow
Performance • Ability to incorporate client “end‐of‐day” prices to improve the quality of the analysis
Measurement and
Attribution
Market Data & Analytics
• Market leading credit curves
• Market standard measures and bespoke analytics across interest rate, credit, inflation and FX
• Portfolio slice‐and‐dice across a wide range of system or client defined classification
Market Data & • Coverage of complex assets including OTC, derivatives, structured instruments, illiquid and more
Analytics
Flexible Flexible Reporting
Reporting • Reporting Across Categories & Analytics
• Standard templates: ALM, risk, performance, compliance
• Automated/self‐managed delivery
• Scheduled reports
(1) Formerly UBS Delta – Acquired by StatPro in
9 2017
Infovest’s Integration and Data Management Tools Enable Clients to Ingest, Harmonize,
Manage and Use Massive Amounts of Securities Data from Disparate Sources Efficiently and
Reliably
Data Warehouse, ETL (‘Extract, Transform And Load’) And Reporting Tool, Regulatory Post‐trade Compliance Tool StatPro Portfolio Manager
And StatPro Enterprise Reporting
Before After Implementing Infovest
Infovest
Revolution
Market Market
Data Data
External Trading External
Trading
Parties Parties
Fund Fund
Compliance Compliance Accounting
Accounting
Infovest
Reporting GIPS Reporting GIPS
Performance Risk Performance Risk
Attribution Attribution
Inefficient, complicated and intricate web of data that needs Results in accessible information with the ability to query,
to be managed slice, dice, control and enrich static and reference data
10Source: StatPro Offers High‐quality Aggregated Market Data Combined With a Proprietary and
Sophisticated Benchmarks Index Data, Yield Curves, and Managed Pricing Service for Global
Securities
Data Management
Challenge Valuation Service
A managed data service providing one off, intraday and EOD valuations for
portfolio valuation and NAV calculation
• Asset management industry
growing by volume and
complexity Data Delivery Service (“SIS”)
StatPro Index Service, providing a global equity and fixed income benchmark
• Analytics and valuations require data service, into 3rd party analytics platforms
a wider and more diverse range
of data
Yield Curves (“D” Curves)
• Data sources and volumes Fixed income credit curves developed by UBS for risk modeling in Delta
increase, formats vary and more
complex to integrate
• Data management and QA Complex Asset Pricing
become commensurately more Independent, transparent and comprehensive complex asset pricing for
time consuming regulatory compliance and valuation purposes
• Limited and valuable resources
are diverted to providing a Freedom Indices
uniform data universe A proprietary disruptive index and benchmark initiative
11Innovative Cloud‐based Technology 12
Revolution’s Multi‐tenant, SaaS Portfolio Analytics Solution Provides a Broad Range of
Functionality Across Performance, Risk, Compliance and Reporting on a Single Cloud‐based
Platform
Superior Data Quality
Efficiently manage large data sets through visual
workflow, control and exception management
Sophisticated Cloud‐based Analytics
Provide multi‐asset class performance, risk and
compliance analytics supporting a variety of industry
standard models in a single platform
Reliable Digital Distribution
Flexible distribution of data supporting various
business models, including configurable web
interfaces and Web APIs
13StatPro’s Web API Allows Clients to Extract Data Remotely and Securely from the Revolution
Platform into Virtually Any Application, Website or Data Warehouse
Connected
Users can stay connected and remove
data silos and add high‐value portfolio
analytics to any application with
programmatic access to Revolution data
Extensive
Extensive coverage of calculated and fully
scalable to meet users data extraction
demands and automated processes
Supported
Add portfolio analytics data to
other cloud‐based or on‐premise systems,
with continued support all Web API calls
Cloud
Easily maintain connections between
cloud and on‐premise systems and add
value to your process by centralizing and
re‐using valuable data
14StatPro Leverages the Latest SaaS Technologies Including Microsoft Azure and Amazon Web
Services to Deliver Ultra‐scalable Performance in Multiple Cloud‐based Platforms
AWS (Canada, Ireland, US, Germany) Canada Data Center Azure (Canada)
Publicly Accessible APIs
Public User Interface
Private User Interface
Shared Services
15The Result: Industry‐leading and Peer‐recognized Performance
2018 Best Buy‐side Risk
2019 Performance Attribution 2018 Performance Measurement
Management Initiative Over The 2017 European Technology Award
Product of The Year System
Last 12 Months
2018 Best Buy‐side Performance
2018 Performance Attribution 2018 Best Use of Cloud
Measurement and Attribution 2016 US Technology Award
Product of The Year Technology
Product
2016 Best Investment Analytics
2018 Best Performance Measurement 2016 Best Overall Technology 2016 Best Portfolio Analysis
Solution & Most Innovative Analytics
and Attribution System Provider Provider: UBS Delta Software
Software
16Well‐Positioned To Capture A Share Of A Very Large Market 17
StatPro has Captured $72.4M of a $1.9B Market
Figures in $M
FY18 Market
$100M Market Segment Opportunity
ARR Share
$50M
Fixed Income for Front Office $400 $19.1 5%
$400M
$150M Managed Services for PBOR $300 $2.4Modern Cloud‐based Technology is the Best Way for Investment Managers to Meet Client
Needs, Comply with Regulation Reduce Costs, Manage Risk, and Compete Efficiently
Increased Volume, Regulatory Pressure
Variety & Velocity Competition (MiFID, UCITS, AIFMD,
of Data etc.)
Advanced Analytics
Demand for Flexibility Increasing Fee
& Scalability Pressure
Cloud Economics
Improved Efficiency
Process Automation
Need For Modern & Robust Technology Solutions
Programable APIs
19Investment Management Firms across the Globe are Adopting SaaS Cloud‐based Delivery
Models
Percentage Of Firms Implementing SaaS as Primary Delivery Models
Front Office Middle Office Back Office
82%
75% 74%
71% 72%
67%
59% 59%
55%
53%
51%
48% 47%
44%
42%
38%
36% 36%
Marketing / asset Asset / portfolio Risk management Compliance Back‐office operations HR / finance back‐office
gathering management support
US Europe APAC
(1) 2018 Investment Management Outlook,
20 DeloitteStatPro Revolution Combines Transaction‐based Sophisticated Performance Measurement
with Robust Risk Analytics and Compliance/Reporting Tools on a Single Cloud‐based Platform
System Providers Market Data Companies
Specialist Risk Analytics Providers Niche Players
21450+ Clients In 40 Countries 22
450+ of the World’s Most Sophisticated Investment Managers Choose StatPro
Revolution Infovest Source: StatPro
VALUATIONS
SIS
‘D’ Curves
CAP
Freedom Indices
(1) Includes Revolution, Seven, Delta and ODDO
23 Clients
(2) Company provided materialsStatPro Serves the Buy‐side…
Asset Managers Brokers Other
& Bankers 5%
Use StatPro to enhance the investment process while
5%
reducing operational costs
Private Wealth
6%
Custodians & Administrators
Use StatPro to enhance client service levels
Pension Funds
Pension Funds 7%
Use StatPro to get a more comprehensive picture of 2018 Total ARR:
their performance, attribution and risk
Private Wealth
$72.4M Asset Managers
55%
Use StatPro to provide enhanced portfolio analytics
and wealth management tools to their clients Custodians &
Administrators
Brokers & Bankers 22%
Use StatPro to enhance their processes and reduce
operational cost
(1) Constant Exchange Rate of £1 = US$1.3
24…In 40 Countries…
Asia Pacific Other
• Australia • Saudi Arabia
• China • United Arab Emirates
Other
• Hong Kong
1%
• Indonesia
• Japan Asia Pacific Europe
• Malaysia 5% • Austria
• Mauritius South Africa • Belgium
• Philippines 9% • Croatia
• Singapore • Denmark
• South Korea • Finland
Europe
• Sri Lanka • France
36%
• Germany
• Holy See
2018 Total ARR: • Hungary
• Ireland
$72.4M •
•
Italy
Jersey
North America • Liechtenstein
29%
• Luxembourg
• Malta
• Netherlands
North America • Netherlands Antilles
• Canada • Norway
• United States • Portugal
United Kingdom • Slovenia
20% • Spain
• Sweden
• Switzerland
(1) Constant Exchange Rate of £1 = US$1.3
25…And They Stay
15 Years
Clients On 3‐year 1‐3 Years
13%
16%
contracts or longer
4‐5 Years
85% 9%
Avg. Lifetime:
Of New Revenue
From Existing Clients
10.2 Years
6‐7 Years 11‐15 Years
10% 32%
90%+
8‐10 Years
Client ARR Retention 16%
(1) Constant Exchange Rate of £1 = US$1.3
26StatPro is well Diversified
StatPro’s Top 10 Clients Account for ~25% of ARR and the Largest Client is Less Than 5% of ARR
Client 2018 ARR ($000’s) % of 2018 ARR
Tier‐1 Global Asset Manager 3,364 5%
Global Investment Bank 2,838 4%
Global Investment Bank 2,090 3%
Global Investment Manager 2,066 3%
Global Commercial Bank 1,807 2%
Global Commercial Bank 1,435 2%
Tier‐1 Insurance Provider 1,308 2%
Global Investment Bank 1,214 2%
Global Investment Bank 1,145 2%
Global Asset Manager 982 1%
Top 10 Clients 18,248 25%
Other Clients 54,138 75%
Total 72,386 100%
(1) Constant Exchange Rate of £1 = US$1.3
27 (2) Company provided informationExperienced Management Team 28
StatPro is Led by an Experienced Management Team
Justin Wheatley Andrew Fabian Dario Cintioli Craig Arenhold Gordon Bloor
Chief Executive / Founder Finance Director CEO: Revolution CEO: Infovest CEO: Source: StatPro
Joined StatPro: 1994 Joined StatPro: 2000 Joined StatPro: 2003 Joined StatPro: 2013 Joined StatPro: 2018
Justin began his career in 1989 as a Prior to joining StatPro, Andrew was Dario joined StatPro in 2003 Craig joined StatPro in October Gordon joined StatPro in June 2018
salesman with Micropal, a provider of Group Financial Controller at following StatPro’s investment in 2013 as the South African CEO. in preparation for the launch of
independent information on mutual William Baird PLC and has RiskMap. Dario was the original Prior to joining StatPro, he seeded Source: StatPro division and
funds. He set up an agency for previously held senior finance roles creator of StatPro Risk and ran a pre-eminent South has a wealth of expertise and
Micropal in 1991 in Switzerland and at De La Rue plc and Deloitte & Management. He is an expert in risk African fund accounting business extensive background in market
grew the business to cover France Touche. He is a fellow of both the management, fixed income and had been involved in the data business development. He
and Luxembourg. In 1994, he founded ICAEW and the Association of attribution and reporting techniques, trading and derivative structuring was previously CEO of Tenfore, a
StatPro, floating the business in May Corporate Treasurers (‘ACT’) and including ‘Value at Risk’, which space. Subsequent to StatPro’s real-time data provider covering
2000, raising £5mm to build up served for three years on the ACT’s provides a monetary measure of the acquisition of Infovest Consulting in both Exchange traded and OTC
StatPro’s international expansion. governing council. Andrew is risk of a portfolio. Before 2018, that business was added to markets. As CEO, Gordon led
StatPro’s revenues have grown from responsible for the global finance establishing RiskMap and joining Craig’s portfolio. Within the newly Tenfore until its sale to Morningstar
under £3mm to more than £54mm function at StatPro. Andrew was StatPro, Dario spent ten years in formulated divisional construct in 2008 and remained CEO of
since 2000. He has day-to-day appointed Company Secretary in leading Italian financial institutions, Craig is now the CEO of the Morningstar’s real-time data division
responsibility for the Group. 2012. In 2012, Andrew was as Head of Interest Rate Infovest division, while still retaining until 2012, continuing to
awarded a ranking in the ‘Hot 20 Derivatives and Head of his sales and leadership successfully grow the business.
FDs’ in the TMT sector by BDO LLP Quantitative Analysis. Today, Dario responsibilities as CEO of StatPro Since leaving Morningstar, he co-
and was a winner at the Finance is responsible for all StatPro’s South Africa. founded a Capital Markets
Monthly CFO Awards in 2017. products including software and Intelligence business and
data services as well as sales, additionally worked as an advisor in
client services, marketing and IT. both M&A and business
development within the Market Data
and FinTech sectors.
29Backed by an Experienced, Educated Group of 300+ Employees
304 Employees
Educated And Accomplished Workforce
10 Global Office Locations
UK – London (HQ) France – Paris
South Africa – Cape Town Italy – Milan
57% 31% 6% 10% 6%
Hold A Hold A Hold A Professionally Chartered
USA – Boston, New York Germany – Frankfurt Bachelor’s Master’s Doctorate Published Financial
Canada – Montreal, Toronto Australia – Sydney Degree Degree Work Analysts
Longstanding Employee Relationships
20% 14% 21% 21% 24%Attractive Financial Profile 31
StatPro’s Revenue has Grown Across All Three Product Lines
$71.3M
$64.0M $6.5M
$6.2M $6.9M
$6.2M
$48.8M
$5.3M
$39.2M
$5.2M
$4.7M
$3.4M
$57.9M
$51.7M
$38.4M
$31.2M
2015A 2016A 2017A 2018A
Revolution Infovest Source: StatPro
(1) Constant Exchange Rate of £1 = US$1.3
32 (2) Company provided informationRevolution is Growing at a 23% CAGR
$57.9M
$1.7M
$51.7M
$1.8M
$38.4M
$2.5M
$31.2M
$2.0M
$56.2M
$49.9M
$35.9M
$29.2M
2015A 2016A 2017A 2018A
License Consulting
(1) Constant Exchange Rate of £1 = US$1.3
33 (2) Company provided informationInfovest is Growing at a 27% CAGR
$6.9M
7,000
$6.2M $0.9M
6,000
$0.8M
$5.2M
5,000
$0.8M
4,000
$3.4M
$0.1M
3,000 $6.0M
$5.4M
$4.4M
2,000
$3.2M
1,000
–
2015A 2016A 2017A 2018A
License Consulting
(1) Constant Exchange Rate of £1 = US$1.3
34 (2) Company provided informationSource: StatPro is Growing at a 11% CAGR
7,000
$6.5M
$6.2M
6,000 $6.3K
$5.3M $1.8M
$4.7M $4.2K $1.9M
5,000
$41.5K
$1.6M
4,000 $1.4M
3,000
$4.7M
2,000 $4.2M
$3.6M
$3.3M
1,000
–
2015A 2016A 2017A 2018A
License Data Overage Consulting
(1) Constant Exchange Rate of £1 = US$1.3
35 (2) Company provided informationStatPro has Nearly Doubled Total ARR in 4 Years…
+$35.1M $72.4M
$69.0M
$7.2M
$7.1M
$6.4M
$6.1M
$51.1M
$6.5M
$5.3M
$37.3M
$58.8M
$5.0M $55.8M
$3.4M
$39.3M
$28.9M
2015 2016 2017 2018
Revolution Infovest Source: StatPro
(1) Constant Exchange Rate of £1 = US$1.3
36 (2) Company provided information…And has Increased Per‐client ARR 51% over 4 Years
160 +$53K $157K
150
140 $138K
130
120
$113K
110
$104K
100
90
80
70
60
2015 2016 2017 2018
(1) Constant Exchange Rate of £1 = US$1.3
37 (2) Company provided informationStatPro Has Almost Doubled its Investment in Cloud Research & Development Since
2015
$1.8M
$1.1M $0.7M
$0.3M R&D Costs:
R&D Costs:
$6.4M $11.0M
$4.9M
$8.6M
Cloud Non‐Cloud Support & Maintenance
(1) Constant Exchange Rate of £1 = US$1.3
38 (2) Company provided informationAnd the Result is that StatPro has more than Quadrupled Total ARR from Cloud Services in
Four Years…
+$33.4M $43.5M
$39.1M
$19.5M
$10.1M
2015 2016 2017 2018
Revolution Acquired
(1) Constant Exchange Rate of £1 = US$1.3
39 (2) Company provided information…And Tripled Per‐client ARR for Cloud Services
+$85K $127K
$108K
$65K
$42K
2015 2016 2017 2018
(1) Constant Exchange Rate of £1 = US$1.3
40 (2) Company provided informationStatPro’s Return On Investment For Customer Acquisitions is
Almost Triple The Industry Benchmark For A Successful SaaS Business
Figures in $000s 2017 2018
Average Cost of Acquiring Customers (CAC) 167 171
Implied Customer Lifetime Value (LTV) 1,296 1,448
LTV:CAC 7.8 8.5
A value of 3 or higher LTV:CAC is considered the industry
benchmark for a successful SaaS business (1)
(1) Source: Corporate Finance Institute
41 (2) Constant Exchange Rate of £1 = US$1.3
(3) Company provided informationEBITDA has Doubled
12,000 17.0%
2.2X $11.7M
16.0%
10,000
$8.9M 15.0%
8,000
16.4% 14.0%
6,000 $6.6M
13.0%
$5.3M
4,000 13.9%
13.6% 12.0%
13.4%
2,000
11.0%
– 10.0%
2015A 2016A 2017A 2018A
EBITDA EBITDA Margin (%)
(1) Constant Exchange Rate of £1 = US$1.3
42 (2) Company provided informationCash Flow has Nearly Doubled…
+$8.2M $16.7M
$13.9M
$9.7M
$8.5M
2015 2016 2017 2018
…and StatPro will continue to increase operating efficiency
• $1.5M – $2M additional anticipated annualized savings by 2021 – 2022 post‐completion of
transition from the Seven platform to Revolution
• $1.5M additional anticipated annualized savings by 2021 – 2022 post‐completion of
transition of Delta from the UBS IT infrastructure
(1) Constant Exchange Rate of £1 = US$1.3
43 (2) Company provided informationIn Summary, StatPro Provides A Comprehensive, Integrated Suite Of Performance And Risk Tools To
The Global Investment Management Industry All on One Cloud‐based Platform
Comprehensive Product Suite
Revolution, Infovest, and Source: StatPro provide comprehensive solutions to address the
complex challenges of the global investment management industry
Innovative Cloud‐based Technology
Secure and scalable cloud‐based platform leverages Microsoft Azure and AWS delivered
through an open web API
Data coverage of more than 3.2 million securities
Including bonds, FX rates, futures, options, OTCs, sector classifications, as well as most families
of benchmarks
Well‐Positioned To Capture A Share Of A Very Large Market
As the middle office outsourcing market grows, StatPro is positioned to help clients combat
margin pressures, heightened regulation, and legacy technology limitations
450+ Clients In 40 Countries
Some of the world’s most sophisticated asset managers, custodians & administrators, pension
funds, brokers & bankers and private wealth managers rely on StatPro’s innovative technology
Experienced Management Team
StatPro’s management team boasts 130+ years of cumulative experience in the industry
Robust Financial Profile
96% recurring revenue, 90% ARR retention, 96% growth in cash flow in 4 years and substantial
near‐term opportunities to continue growing top‐line revenue and increasing profitability
44For Additional Information
Company Website:
www.statpro.com
StatPro Investor Center:
www.statpro.com/investors
Client Testimonials and Case Studies:
www.statpro.com/case‐study
45Case Studies
Case Study: Tier‐1 Global Asset Manager Uses Revolution Delta for Asset Liability
Management (ALM) and Risk to Satisfy Regulatory Requirements
Background Solution
• Client: A Global Alternative Asset Manager • Revolution Delta allows the client to monitor
(~$300 billion AUM) based in the UK; business ALM and risk management across the asset
model includes acquiring insurance companies manager’s entire portfolio of insurance assets
and subsequently managing their balance in real‐time
sheet assets • Revolution Delta acts as an aggregation
• Signed: September 2016 engine and analytics tool allowing the client
• Challenge: Tracking and reporting ALM and to visualize its ALM and risk positions and
risk across entire insurance portfolio to produce automated reports to satisfy its
comply with Solvency II requirements Solvency II requirements
47Case Study: Defined Contribution (DC) Plan Uses Revolution Delta for Liability Driven
Investments and Risk Analysis
Background Solution
• Client: A DC Plan (~€11.5 billion AUM) for • Revolution Delta allows the client to integrate
employees of a European multinational and match asset side and liability side reports
technology company • Revolution Delta runs the client’s ‘on‐the‐fly’
• Signed: March 2019 risk analysis / stress test as well as Strategic
• Challenge: 1) Matching asset side and liability Asset Allocation (SAA)
side reports for liability‐driven investments
(LDI); 2) Running ‘On‐the‐fly’ risk analysis and
stress tests
48Case Study: Tier‐1 Global Investment Bank Uses Revolution for Portfolio Analysis
Background Solution
• Client: Tier‐1 Global Investment Bank advising • Revolution combines aggregated advisory
clients across all aspects of finance portfolios with segregated mandates and
• Signed: March 2012 insurance products
• Challenge: Producing end‐client portfolio • Revolution provides various types of portfolio
analysis and reports for HNWI and UHNWI analysis and produces comprehensive and
individuals (across multiple portfolios utilizing intuitive overview reports, allowing the client
different accounting systems) to understand where performance / sources
of risk are originating from and performing
scenario analysis
INTEGRATED ENHANCE SERVICE UNLEASH REDUCE
PERFORMANCE AND LEVELS PRODUCTIVITY OPERATIONAL RISK
RISK AND COSTS
49Case Study: Global Asset Manager Uses Revolution Risk and Performance &
Attribution for Performance Measurement and Risk Control
Background Solution
• Client: An Asset Manager that launches and • Revolution has already been used for
manages equity, fixed income, mutual funds Performance and Fund Factsheet Creation
and hedge funds for its institutional and retail • Revolution Risk Control capabilities were able
clients to match incumbent risk services used by the
• Signed: February 2018 client and Ucits / AIF regulatory requirements
• Challenge: Using one platform for two • The client signed Revolution for both
functions (1) Performance Measurement and Performance Measurement and Risk Control;
2) Risk Control (which used to be performed this allows the client to leverage data already
across multiple disparate platforms) loaded in the platform for risk control
purposes
50Case Study: Global Asset Manager Uses Revolution Delta for Fixed Income Portfolio
Performance Measurement
Background Solution
• Client: Asset Manager (€39bn AUM) with • Revolution Delta successfully replaced the
long‐term capital growth strategies client’s in‐house development Fixed Income
• Signed: June 2018 Performance & Attribution tool
• Challenge: 1) Replacing existing in‐house • Revolution Delta provides key reports for
development Fixed Income Performance & each fixed income portfolio in real‐time to
Attribution tools; 2) Delivering analytics to the the portfolio management team, marketing
Fixed Income portfolio managers team and product & sales team
51Case Study: Public Pension Fund Uses Infovest Investment Data Management (IDM) to Review of All Active Positions in the Market Background Solution • Client: A Public Pension Fund (~$150 billion • Infovest IDM allows the client to gather data AUM) that manages pension contributions for from a wide range of internal and external government employees on a multimanager‐ sources, and subsequently consolidate, store, type basis access and use the data to obtain daily • Signed: October 2018 market positions and manage portfolios • Challenge: Monitoring positions across all asset mangers 52
Case Study: Multi‐Billion Dollar Global Fintech Leader Has Integrated Revolution for
Performance and Analytics
Background Solution
• Client: A Global Fintech leader that provides • Revolution provides a cost‐efficient
investor communications and technology‐ performance and analytics solution
driven solutions to financial institutions • Revolution is fully integrated into the client’s
• Signed: December 2017 eco‐system
• Challenge: Finding a performance and • Given that Revolution is cloud‐based, there
analytics solution that possesses the capability are virtually no support requirements that
to add value to the client’s asset management burden the client’s resources
solution offerings • Revolution allows the client to migrate all
customers off of its legacy platform, enabling
them to realize significant cost savings
53Case Study: Trillion Dollar Tier‐1 Custodian Bank / Asset Manager Uses Revolution
for Portfolio Processing and Analytics
Background Solution
• Client: Global Custodian Bank / Asset Manager • Revolution is used to process more than
(~$2.7 trillion AUM and ~$17 trillion AUA) that 5,000 portfolios from 8 clients (~$1.7 Trillion
offers managed services to asset managers for AUA) with different analytics requirements
performance and attribution • While processing the portfolios, Revolution
• Signed: June 2016 sifts out errors and automatically highlights
• Challenge: Using one platform to replace inconsistencies
several disparate, legacy platforms that were • Revolution leverages the Boston, Cape Town,
being utilized for different clients London, Milan and Sydney offices to provide
a 24‐hour operation that ensures the client
meets its SLAs
Massive Opportunity for Further Penetration:
Revolution currently only processes ~10% of
the client’s AUA
54Case Study: Tier‐1 Asset Manager Relies on StatPro Portfolio Management (SPM)
(Part of the Revolution Offering) for Statement Generation
Background Solution
• Client: Tier‐1 private wealth manager (~$49bn • StatPro partnered with the client and
AUA) providing wealth management services identified four main components that could
to doctors and their families enhance the workflow efficiency: index,
• Signed: June 2004 performance calculation, calculation of
• Full Review: January 2016 composites and client statement generation
• Challenge: Delivering statements to its large • Revolution’s SPM tackled each of the four
client base in a shorter time frame (previously components with its technology within the
took 30 days) hosted infrastructure combining automation
services and enabling the client to deliver
statements by the 10th business day of each
month
55Case Study: Global Custodian Bank Uses Revolution for Performance, Analytics and
Portfolio Risk Reporting
Background Solution
• Client: A division of a global Custodian Bank • Working with StatPro’s team, the bank
(~$400bn AUM) that offers managed services migrated all 35 key clients to Revolution in
to asset mangers and pension funds for under 15 months
performance, attribution and portfolio risk • Revolution allows the client to process more
reporting than 3,000 portfolios with different analytics
• Signed: May 2016 requirements
• Implemented: September 2017 • Revolution provides a 24‐hour operation to
• Challenge: Migrating existing clients from ensure that each client meets its SLAs
three legacy platforms to one scalable, fast
and flexible “off‐the‐shelf” platform (tried but
failed with other platforms before selecting
StatPro)
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