Pittsburgh, PA and London, October 29, 2019 – Confluence Technologies, a global leader in investment data management automation for regulatory, financial and investor reporting, announced today that it has acquired StatPro Group plc (StatPro), a highly respected global provider of cloud-based portfolio analytics, asset data services and data management tools for the global asset management industry and asset management service providers.

The boards of directors of Confluence and StatPro are pleased to announce they have reached agreement on the terms of a recommended all cash offer pursuant to which Bidco will acquire the entire issued and to be issued ordinary share capital of StatPro (the “Acquisition”).

StatPro Group plc (AIM:SOG, “StatPro”, “the Group”), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, announces that it has completed the acquisition of the environmental, social and governance (“ESG”) research and index business unit (“ECPI”) from ECPI Group Srl. as announced on 12 June 2019. As a result, the initial cash consideration of €0.9 million (£0.8 million) was paid from existing debt facilities.

StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a conversion from its legacy StatPro Seven software to its cloud-based StatPro Revolution service with a large insurance company. This has resulted in a three-year contract with a minimum value of £1.5 million. This represents a 77% increase in annual subscription.

StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, and J.P. Morgan Corporate & Investment Bank (NYSE: JPM) have today announced a strategic partnership with an initial term of five years between J.P. Morgan’s Data and Analytics business and StatPro to develop Risk and Performance Attribution capabilities for portfolio managers through J.P. Morgan’s flagship data and analytics platform.

StatPro Group plc (AIM:SOG, “StatPro”, “the Group”), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired the environmental, social and governance (“ESG”) research and index business unit (“ECPI”) from ECPI Group Srl for a total estimated consideration (included deferred contingent consideration) of €2.9 million (£2.6 million) in cash.

StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a three-year contract with a top 20 Fund Administrator for Revolution, with a minimum contract value of £2.44 million.