AIM-listed StatPro Group to acquire risk analytics brand UBS Delta for £11m

Cloud-based portfolio analysis and asset pricing services provider StatPro Group plc has announced its latest acquisition.

The AIM-listed firm has agreed to buy UBS Delta, the risk and performance analytics arm of global wealth and asset management company UBS, for £11m.

StatPro said the deal will enable it to extend its existing risk and performance analytics service from the middle office to the front office of asset managers.

Phased over the next three to five years, the transaction will see UBS Delta’s functionality incorporated into the company’s flagship StatPro Revolution product.

Justin Wheatley, the chief exec of StatPro, commented: “This acquisition transforms our scale and capabilities and we are delighted to be working with such a highly esteemed team.

“It will also enable us to offer a significantly enhanced product capability for all our clients.”

He continued: “The award winning UBS Delta platform will be maintained for the next five years while we incorporate the unique UBS Delta functionality into our flagship cloud platform, StatPro Revolution.

“All the UBS Delta clients will be supported fully and their current processes preserved until they are ready to migrate to StatPro Revolution.”

UBS Investment Bank’s global head of securities ecommerce, Hishaam Caramanli, commented: “We are incredibly proud of UBS Delta, our award-winning risk and performance analytics platform, and the talented team of people that provide this service to our clients.

“We are delighted to have entered into a transaction with StatPro, a leader in this market with the technical experience and growth capital to enhance the platform and create a next generation experience for our clients.”