StatPro has announced the acquisition of Investor Analytics (IA), a US cloud-based risk analytics company, for an initial cash consideration of U$10 million with a further potential Earn Out of up to U$6 million. IA adds complementary risk models to StatPro Revolution’s existing Advanced Risk Management module, producing a complete product offer to clients. Funded from increased debt facilities, StatPro expects the deal to be earnings enhancing on a pro forma basis in 2016 following int
22 Jan 2016
Acquisition of Investor Analytics
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Acquisition of Investor Analytics
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
22 Jan 2016 -
Author:
Gareth Evans -
Pages:
3
StatPro has announced the acquisition of Investor Analytics (IA), a US cloud-based risk analytics company, for an initial cash consideration of U$10 million with a further potential Earn Out of up to U$6 million. IA adds complementary risk models to StatPro Revolution’s existing Advanced Risk Management module, producing a complete product offer to clients. Funded from increased debt facilities, StatPro expects the deal to be earnings enhancing on a pro forma basis in 2016 following int