Financial software specialist StatPro (LON:SOG) unveiled a new distribution channel for its new StatPro Revolution product, as Phoenix Fund Services rolls the software out to its clients.
It announced the first install through this new distribution agreement this morning. The new cloud-based analytics software platform has now been implemented for Unicorn Asset Management.
StatPro highlighted that Phoenix – who provide a range of investment administration services to boutique investment management firms – and it is now offering the Revolution platform to all its clients.
The new software provides a cost effective, cloud-based, portfolio analysis service.
"We are really delighted to provide Revolution to Phoenix Fund Services and its clients,” Statpro finance director Justin Wheatley said.
“Thanks to StatPro Revolution, investment firms of all sizes can now afford to provide accurate reporting and analysis to their clients. We call it 'analytics for the people' and we're proud to be helping the industry to become more transparent."
Phoenix founder Steve King said: "StatPro Revolution enables Phoenix to provide our clients with access to the most sophisticated portfolio analysis and reporting at a great price.
He added: “Revolution provides real added value to our clients, who are sophisticated boutique and specialist investment managers that in the past would have struggled to justify the costs of accessing such a quality service."