StatPro Group plc has agreed to buy from UBS, its risk and performance analytics service, UBS Delta.
UBS Delta will enable StatPro to extend its risk and performance analytics service from the middle office to the front office of asset managers.
The acquisition is phased over three to five years as StatPro incorporates UBS Delta’s functionality into its flagship product, StatPro Revolution.
Throughout the transition, and until StatPro has fully integrated UBS Delta’s functionality, UBS will continue to operate and support UBS Delta for its clients.
Justin Wheatley, StatPro CEO, 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.
“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.”
Hishaam Caramanli, Global Head Securities eCommerce, UBS Investment Bank 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.”