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StatPro and Infovest step up SA presence

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StatPro optimistic about SA’s long-term prospects

StatPro Group PLC (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry is stepping up its South African presence, despite prevailing market concerns and downscaling by some international businesses operating in the country.

UK-headquartered StatPro and its wholly owned subsidiary, Infovest Consulting (Pty) Ltd, are set to move to larger, shared premises early next year as the company gears up to meet growing local demand for their advanced data and financial services solutions.

Craig Arenhold, CEO of both StatPro South Africa and Infovest, says the two companies will retain their individual identities, but will collectively offer clients a deeper level of support and service.

“The acquisition of Infovest, which was concluded early this year, aligns what is in effect a data management and compliance business – Infovest – with StatPro’s portfolio performance, attribution and risk solution. The strength of our proposition is that we are able to offer clients data rationalisation and an efficient data model. Essentially, we can help financial services organisations to do business better,” he says.

Arenhold says StatPro is seeing strong growth in interest in its new cloud-based portfolio analysis software, Revolution, which is expected to further support the company’s growth in South Africa. In addition to the two companies’ advanced solutions, they are winning the support of local financial services firms through their support levels and the fact that they price contracts in Rand.

StatPro and Infovest together now have a combined team topping 70 specialist resources, and there is room for further growth at the new 1 100m2 shared premises at Riverpark in Mowbray, Cape Town.

While many foreign investors may be cautious about South Africa’s growth prospects at this stage, Arenhold believes South Africa could be set for growth in the medium term: “We’re cautiously optimistic. South Africa already has increasing levels of transparency in terms of the economy and the management of fraud and corruption, so it may take a bit of time, but we believe things will get better.”

“We have many long-dated contracts in place with our loyal customers, and we are illustrating our commitment to them and our faith in the local economy by investing in growth,” Arenhold says.

About StatPro

StatPro is a global provider of award-winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs. Supporting over 500 clients in 39 countries out of its 11 offices around the world and has recurring revenues of around ZAR 1.0 billion.

About Infovest

Infovest Consulting (Pty) Ltd is part of the StatPro Group of Companies, and is a leading provider of investment data management, compliance, regulatory and client reporting solutions. Infovest’s suite of products encompasses post trade compliance, Investment Data Management, client reporting, and regulatory reporting solutions for today’s investment companies.  Infovest has offices in Boston, Cape Town and London.

Q3 trading update

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StatPro Group PLC

StatPro Group plc, (“StatPro”, “the Group”, AIM: SOG), the cloud-based portfolio analysis and asset
pricing services provider for the global asset management industry, provides a trading update for the
nine months ended 30 September 2018.

Revenue and profits continue to be in line with expectations for the current year.
In the 12 months to 30 September 2018, Group Annualised Recurring Revenue (“ARR”), increased by
3% to £54.8 million (September 2017: £53.1 million at constant currency), including the risk service of
ODDO BHF, which was acquired on 1 July 2018. Underlying ARR growth for StatPro Revolution
(excluding impact of acquired revenue and including conversions from StatPro Seven) was 16%.

The transition of the managed risk service of ODDO BHF to the Revolution platform is progressing
according to plan with a target date of 31 December 2018. Once migrated, the duplicate cost of thirdparty
software and data costs will be removed providing additional contribution to adjusted EBITDA.

The Group’s continued focus on fund administrators has resulted in a steady increase quarter on quarter
of new revenue from current fund administrator partners. As previously stated, the Board considers
that the market as a whole is trending towards outsourcing and StatPro is uniquely positioned to benefit
from this development due to its technology.

The migration of Delta is also progressing well. Delta clients will soon be able to add Revolution
functionality without needing to change any of their input or output files, reports or their GUI (Graphical
User Interface). Delta will be added to Revolution, which greatly expands the functionality for both
Delta and Revolution clients.

The recently announced contract win with a large South African financial institution is encouraging and
reflects the quality of the Infovest division. The Group expects the division to make steady progress
and provide a positive contribution to profits of the Group.

Justin Wheatley, Chief Executive, commented:
“Our flagship platform, Revolution continues to cement its position as the leading fintech
solution for performance and risk, with a special focus on the asset servicing sector. With
the addition of the risk service from ODDO BHF, we are well placed to augment our
capabilities in this area, especially in regards to fund administrators.

“The increase in functionality for Delta and the updated roadmap for its integration with
Revolution is a key milestone and importantly, it removes a decision point for clients of
Delta – they have warmly welcomed this development.

“As Revolution matures we continue to expect to see investment plateauing and an
increase in our margins.”

Enquiries:
StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director

Panmure Gordon – Nomad and Broker
Corporate Finance – Freddy Crossley / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking –James Stearns

Instinctif Partners
Adrian Duffield/Kay Larsen/Chantal Woolcock +44 (0) 20 7457 2020

About StatPro
StatPro is a global provider of award-winning portfolio analytics solutions for the investment community.
The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and
compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under
management, improve client service, meet tough regulations and reduce costs.
The Group’s integrated and global data coverage includes over 3.2 million securities such as equities,
bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides.
StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open
source Freedom Index.
The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of
clients in 39 countries around the world.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £55
million at the end of September 2018. Around 80% of recurring revenues are generated outside the
UK. StatPro Group plc shares are listed on AIM.

Large South African financial institution signs contract for ZAR 19.5 million (£1.0 million)

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StatPro Group PLC (“StatPro”, “the Group”, AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, has secured a five-year contract with a large South African financial institution for its Infovest service, worth approximately £1.0 million.

The financial institution is an existing client of the Group, with this being the first Infovest product it has purchased. It will use Infostore to provide a consolidated view of all its positions in the market on a daily basis. In addition, the solution will enable business intelligence and analytics.

Justin Wheatley, Group CEO, commented:

“This contract win is confirmation of the excellent quality of our Infovest data management solution. Infovest’s vast experience in providing data management solutions in the financial sector, along with its strong focus on data governance and excellent implementation track record, were significant factors in the awarding of the contract.

“We see data management and governance as significant growth drivers for StatPro as most asset managers and financial institutions need a cost effective and efficient way to manage ever increasing volumes of data.”

Enquiries

StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon – Nomad and Broker
Corporate Finance – Freddy Crossley / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking – James Stearns
Instinctif Partners
Adrian Duffield / Kay Larsen / Chantal Woolcock +44 (0) 20 7457 2020

 

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and
much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £54 million today.

Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

Atlantic Fund Services takes charge of post trade compliance with Infovest product

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U.S.-based third-party administrator Atlantic Fund Services has gained control and visibility over post trade compliance, thanks to Infovest’s Statistical Compliance Product (SPC) supported out of South Africa.

Atlantic Fund Services, which provides comprehensive fund servicing solutions for mutual funds, series trusts, closed-end funds, private funds and bank funds, called for a demonstration of SPC’s capabilities two years ago, when they encountered challenges in understanding the compliance rules logic in their existing global vendor’s solution.

Infovest were happy to take up the challenge and look to build on their foreign client base which already includes clients in UK, Ireland, Sweden, USA and Canada.

“What was supposed to be a brief demo at Atlantic’s offices in Portland, Maine, turned into a full-day workshop. The more the Atlantic team saw, the more they liked,” says SPC Product Manager Jenine Ellappen.

Atlantic had been challenged in managing its old solution– the team found the solution highly technical and its rules logic cumbersome. Seeking a simpler, more effective product, they went ahead with a SPC proof of concept and immediately saw benefits. The product, featuring compliance monitoring, data management, breach management, enquiries and reporting, went live in September 2017.

“As soon as we made the decision to license SPC, Infovest was very organised and ready to start planning the implementation,” says Dennis Mason, Atlantic Fund Services Fund Compliance Officer. “The Infovest product is paying off. SPC provides us transparency into the data loading process making us aware of problems almost immediately. The system provides automated internal reports, allowing our team to research breaches earlier and more effectively. We can review trades in SPC to help us determine the cause of breaches as well as easily view the attributes of the portfolio holdings. The session analysis enquiry is key to efficiently managing breaches because we can focus on new breaches and quickly assess older breaches to determine whether there are any changes than need further review. The team spends less time trying to figure out why a rule has been breached because the rule building process is simple and easy to understand,” he says.

Mason adds that the Infovest team is knowledgeable about SPC processes and functionality as well as portfolio compliance monitoring in general. “The Infovest team provided many creative rule writing solutions and never turned down a challenge.”

After receiving training, the team at Atlantic became super users.” says Infovest Compliance Consultant Jason Prudhomme. “They code their own rules and make changes where required.”

With compliance and control their key priorities, Atlantic Fund Services also gained a simplified understanding of the rules and related data, new levels of efficiency with automated reporting and batch reports, and a platform that freed up resources to offer clients better service.

About Infovest

Infovest Consulting (Pty) Ltd is part of the StatPro Group of Companies, and is a leading provider of investment data management, compliance, regulatory and client reporting solutions.

Our suite of products encompasses post trade compliance, Investment Data Management, client reporting, and regulatory reporting solutions for today’s investment companies. Infovest aims to reduce the cost of systems ownership and complexity with a flexible data management framework and a tried and tested methodology, all backed by an agile and experienced team of professional consultants. With offices in Boston, Cape Town and London, Infovest helps their clients meet their continually evolving requirements.

Curo gets competitive edge with Infovest IDM

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South African investment administration services provider Curo has implemented Infovest’s Investment Data Management solution to automate reporting and alerting, support data governance and enhance customer service.

With Infovest Investment Data Management (IDM) and Infovest Reporter enterprise client reporting solutions in place, Curo now benefits from advanced and streamlined reporting.

Infovest’s IDM solution delivers consistently clean data in a centralised data source and allows users to isolate system dependencies and consolidate data across departments. It has the ability to query, control and enrich static and reference data. Infovest Reporter, a key component to the solution, simplifies report production thereby delivering intelligent management around report structures and content. Further, it ensures accountability through clear workflow and an automatic audit trail.

“The new solutions also meet our requirement for self-sufficient and agile reporting, at a competitive price point. Our partnership offers our clients an efficient addition to our service offering,” says Curo Fund Services Product Development Executive Darren Botha.

With a 3-year licence term, the first phase of the Infovest solution was implemented in December 2017 to coincide with the decommissioning of Curo’s previous system. The implementation overcomes limitations in the way of Curo’s growth strategy; allowing the organisation to modify and expand its reporting capacity and respond faster to industry changes. This is in line with Curo’s focus on specialised fund administration expertise and market-leading flexibility.

Infovest CEO Craig Arenhold says: “We are delighted to be embarking on this partnership with Curo. It is worth noting that implementation has allowed for increased efficiency in reporting facilitating an enhanced client experience, which we are very pleased with. We look forward to a long and mutually rewarding association.”

About Infovest

Infovest Consulting (Pty) Ltd is part of the StatPro Group of Companies, and is a leading provider of investment data management, compliance, regulatory and client reporting solutions.

Our suite of products encompasses post trade compliance, Investment Data Management, client reporting, and regulatory reporting solutions for today’s investment companies. Infovest aims to reduce the cost of systems ownership and complexity with a flexible data management framework and a tried and tested methodology, all backed by an agile and experienced team of professional consultants. With offices in Boston, Cape Town and London, Infovest helps their clients meet their continually evolving requirements.

StatPro Group PLC – Solid growth in revenue and profit

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StatPro Group PLC

Solid growth in revenue and profit

StatPro Group plc, (AIM: SOG, “StatPro”, “the Group”), the leading provider of portfolio analysis and asset pricing services for the global asset management industry, has published its interim results for the six months ended 30 June 2018.

Six months ended 30 June 2018 Six months ended 30 June 2017       Restated (3) % change % change at constant currency
Revenue £27.24 m £22.41 m +22% +24%
Annualised Recurring Revenue (“ARR”) (1) £52.25 m £53.19 m (2%) 0%
Adjusted EBITDA (2) £4.34 m £3.53 m +23% +27%
Profit/(loss) before tax £0.90 m £(1.54) m
Earnings/(loss) per share – basic  1.1p  (2.4)p
Earnings per share – adjusted (2) 3.4p 2.7p +26%
Interim dividend per share 0.85p 0.85p

FINANCIAL HIGHLIGHTS:

  • Group revenue up 22% to £27.24 million (2017: £22.41 million)
    • Organic growth 3% (2017: 2%)
    • Currency impact down 2% (2017: up 11%)
  • Adjusted EBITDA increased by 23% to £4.34 million (2017: £3.53 million)
  • Profit before tax £0.90 million (2017: loss £1.54 million)
  • Interim dividend maintained at 0.85 pence per share
  • Free cash flow in H1 2018 £2.19 million (2017: £3.52 million)

OPERATING HIGHLIGHTS:

  • StatPro Revolution underlying ARR growth of 19% (4) (2017: 9%)
  • Software as a service (SaaS) as a percentage of software ARR now 84% (2017: 82%)
  • StatPro Revolution Fixed Income Attribution (FIA) beta launched – key module seeing considerable demand. First step towards achieving parity with Delta
  • Integration of Delta progressing well
  • Acquired in July 2018 ODDO BHF’s regulatory risk services bureau – adds managed regulatory risk services offering

(1) Annualised Recurring Revenue is the annual value of revenue contractually committed at period end.
(2) Adjusted EBITDA and adjusted earnings/losses per share are EBITDA and earnings/losses per share after adjustment for amortisation of acquired intangible assets, acquisition transaction, redundancy and other integration costs, fair value movement on non-controlling interest put option and share based payments (notes 2 and 5).
(3) The interim and full year accounts for 2017 have been restated to take into account the adoption of IFRS 15 (see notes 1 and 3).
(4) Underlying ARR growth relates to Revolution excluding the acquired revenues from Delta and Investor Analytics and including conversions from Seven (see note 3).

Justin Wheatley, Chief Executive of StatPro, commented:

“We are pleased with the solid growth in Group revenue and profits in the first half. In particular, Revolution’s underlying Annualised Recurring Revenue grew by 19%.

“The project to integrate Delta’s functionality into our flagship product, Revolution, is going well. The launch of Revolution Fixed Income Attribution in July is the first step towards achieving functionality parity with Delta.

“In preparation for the planned restructure of the business into three divisions, we have appointed a new divisional CEO to lead and develop Source: StatPro, our data division.  This division leverages our access to huge quantities of data covering global equities, bonds and other data such as global mutual fund information.

“In 2018 and beyond, we anticipate strong growth in specialised managed services for regulations, risk and performance. We are focused upon building our partnerships with Asset Service Providers to broaden the services they offer the asset management community.”

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).

A presentation for analysts of the interim results will be held at 9.30am today at the offices of Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ.

Enquiries

StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon – Nomad and Broker
Corporate Finance – Freddy Crossley / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking – James Stearns
Instinctif Partners
Adrian Duffield / Chris Birt +44 (0) 20 7457 2020

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

The Group has operations in Europe, North America, South Africa and Australia, with hundreds of clients in 39 countries around the world.

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £54 million today. Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

Our full 2018 interim results can be found here.

Investment firm gets simplified fund data visibility with Infovest solutions

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Cape Town, South Africa – March 2018:  An independent owner-operated investment firm has gained full oversight of its data, with Infovest’s Investment Data Management solution.

The investment firm, dedicated exclusively to fund management and managing R100bn across a range of equity, multi-asset and fixed income portfolios, elected to outsource its fund administration. To add oversight and additional governance and control over its investment data, the investment firm selected Infostore as their Investment Data Management repository and reporting platform.

The initial implementation, concluded in a rapid six-week roll-out, focussed on the integration of ASISA standard reporting format data files from the investment firm’s fund administrator. They went live with Infostore in February 2018 and immediately benefited from additional access, control and visibility of their fund accounting data.

“While the central administrator did offer control and visibility, the investment firm sought an additional layer of reporting assurance and flexibility. Infostor supports their data governance protocols and provides a foundation for future phases to incorporate additional information and to provide them with additional data visibility across a consolidated, multi-source data set,” says Infovest Consulting CEO Craig Arenhold.

About Infovest

Infovest Consulting (Pty) Ltd is part of the StatPro Group of Companies, and is a leading provider of investment data management, compliance, regulatory and client reporting solutions.

Our suite of products encompasses post trade compliance, Investment Data Management, client reporting, and regulatory reporting solutions for today’s investment companies. Infovest aims to reduce the cost of systems ownership and complexity with a flexible data management framework and a tried and tested methodology, all backed by an agile and experienced team of professional consultants. With offices in Boston, Cape Town and London, Infovest helps their clients meet their continually evolving requirements.

Acquisition of remaining shareholding in Infovest Consulting by StatPro Group PLC for £1.9m

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StatPro Group plc (AIM: SOG, “StatPro”, “the Group”), the AIM listed provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has acquired the remaining shareholding in Infovest Consulting (Pty) Ltd (“Infovest”), a South African headquartered software provider, specialising in data warehouse, ETL and reporting software for the asset management industry.  StatPro previously had a 72.7% holding.

The consideration for the remaining 27.3% shareholding was ZAR 30.4 million (£1.9 million) in cash.

The increase in shareholding is expected to be earnings enhancing in the current year and the Group will further benefit from Infovest’s growing revenues and profits. The valuation of this buy-out is based on a formula linked to recurring revenue but with a minimum profit level. The multiple is just over six times EBITDA.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).

 

Enquiries:

StatPro Group plc
Justin Wheatley, Chief Executive +44 (0) 20 8410 9876
Andrew Fabian, Finance Director
Panmure Gordon – Nomad and Broker
Corporate Finance – Freddy Crossley / Fabien Holler +44 (0) 20 7886 2500
Corporate Broking – Tom Salvesen / James Stearns
Instinctif Partners
Adrian Duffield / Chris Birt +44 (0) 20 7457 2020

 

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the open source Freedom Index.

The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.

StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £53 million at the end of December 2017. Over 75% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

Executive team changes for Infovest Consulting South Africa

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Cape Town – 2 February 2018

I am pleased to announce certain key changes and strategic appointments at Infovest Consulting South Africa, which are effective from 1 January 2018.

I have been appointed as Chief Executive Officer and will be working closely with the new Executive Team in the day to day delivery of solutions and service to our valued clients.

The additional appointments and changes to the Executive Team are as follows:

  • Ian Rivett has been appointed as Chief Operating Officer. Ian initially joined the business to head up the Project Office, however the intention was always to migrate him into a position of greater strategic responsibility within Infovest. Robin’s tragic passing has fast-tracked that promotion, and we are very glad to have Ian on the Executive Team. He will be responsible for the day to day operations of the business.
  • Jenny Donaldson has been appointed as Client Services Director, fulfilling a key role in making sure that you, the client, are cared for in a manner to which you are accustomed. Jenny will continue working closely with Infovest’s Business Solutions Team, ensuring the continual delivery of value added solutions and exceptional service.
  • Riaan Kirchner is moving from an Operations Director position to being the Chief Technology Officer for the business. His strong technical focus and dedication will ensure that the Infovest product set remains strategically positioned and defined as the business continues to morph and grow aggressively.

I am tremendously excited about these changes, and the opportunity to unlock the huge potential that Infovest has both in the South African and international markets.

Please feel free to contact me should you require any additional information.

 

Craig Arenhold
Chief Executive Officer

 

Atlantic Fund Services Selects Infovest for Post Trade Compliance

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Boston, MA (March, 2016)
Infovest Consulting (Pty) Ltd, a member of the StatPro Group of Companies, provider of investment data management, compliance, regulatory and client reporting solutions, today announced that Atlantic Fund Services, a leading, independent New England based fund administrator, will transition to Infovest post trade compliance software.

Atlantic Fund Services selected Infovest’s compliance solution to enhance their third party fund administration compliance offering with dynamic monitoring and client reporting . It is increasingly important that investment managers and fund service providers facilitate regulatory compliance programs effectively and efficiently. Infovest’s compliance solution is focused exclusively on the post trade domain and delivers comprehensive functionality in a solution that is easy to use and scale.

Chris Koons, Atlantic Fund Services’ Chief Operating Officer said, “We continuously evaluate our operations and technology to ensure we employ solutions that enhance our clients’ service experience. Infovest’s capabilities, including a user friendly rules builder, comprehensive breach monitoring , and turnkey management and client communications functionality, will increase efficiency in our daily workflow.” Mr. Koons added, “Infovest’s organization aligns well with our culture of high quality and highly responsive service.”

Simon Stillwell, Managing Director of Infovest U.S.A. commented, “We are delighted to be working with Atlantic Fund Services and to win another highly respected North American client. The fund administration space is highly competitive and by focusing exclusively on post trade compliance, we can deliver a solution that provides real value and flexibility to our clients. In turn this allows them to differentiate themselves by offering a state of the art service to their clients.”

About Atlantic Fund Services

Atlantic Fund Services is an independent, third-party administrator providing comprehensive fund servicing solutions for mutual funds, series trusts, closed-end funds, private funds and bank funds. Atlantic provides fund launch management, legal and regulatory administration, fund accounting and tax recordkeeping, performance reporting, financial reporting, transfer agency, shareholder services, and compliance services. Headquartered in Portland, Maine, Atlantic’s experienced professionals have provided high quality, customized services for over 30 years. For more information, please visit atlanticfundservices.com.

Contact: Chris Koons at +1 (207) 347 2012 or chris.koons@atlanticfundservices.com

About Infovest

Infovest is an international software business specializing in solutions for the buy-side and asset service providers alike. Our suite of products encompasses post trade compliance, Investment Data Management, client reporting, and regulatory reporting solutions for today’s investment companies. Infovest aims to reduce the cost of systems ownership and complexity with a flexible data management framework and a tried and tested methodology, all backed by an agile and experienced team of professional consultants. With offices in Boston, Cape Town, London and Sydney, Infovest helps their clients meet their continually evolving requirements.

Contact: Simon Stillwell on +1 (617) 401 5935 or simons@infovestusa.com

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