Statpro CEO Justin Wheatley buys 50,000 shares in company

Statpro Group PLC (LON:SOG), provider of portfolio analytics and evaluation services to the global asset management industry, said it was notified that chief executive Justin Wheatley, over the last two trading days, purchased a total of 50,000 ordinary shares at 104 pence each.
Wheatley is now interested in 7,159,367 Statpro shares, representing approximately 11.8% of the issued share capital and options over 1,135,000 shares.
The company sells a SaaS-based (Software as a Service) analytics and data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.

StatPro has grown its recurring revenue from less than £1 million in 1999 to £28.4 million at end-December 2009.

StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The group has operations in Europe, North America, South Africa and Australia, with approximately 75 percent of recurring revenues being generated outside the UK.