London
07 April 2017
Reporter: Stephanie Palmer
StatPro sets sights on UBS Delta
Portfolio analysis and asset pricing service provider StatPro is set to acquire UBS Delta, the risk and performance analytics service of UBS.

According to StatPro, the acquisition is intended to extend its risk and performance analytics service and to broaden its potential market.

UBS Delta will be incorporated into the StatPro Revolution product over a three- to five-year phase-in period. UBS will continue to operate and support UBS Delta until the transition is complete.

Following this process, UBS clients will be able to migrate to StatPro Revolution. It is understood that the UBS Delta team will also transfer to StatPro.

Justin Wheatley, CEO 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.”

“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 of securities eCommerce at UBS Investment Bank, added: "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."

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Linedata bolsters TA solution
26 April 2017 | London | Reporter: Stephanie Palmer
Linedata has upgraded it Linedata solution for transfer agents, to help clients to cope with increasing regulatory reporting requirements
Esprow launches MiFID II compliance platform
26 April 2017 | New York | Reporter: Becky Butcher
Esprow has launched ETP GEMS, a global exchange and markets simulation platform that provides an on-demand testing environment to facilitate compliance with MiFID II
SWIFT tests distributed ledger technology for reconciliations
25 April 2017 | Brussels | Reporter: Drew Nicol
The results of the proof of concept will be presented at Sibos in Toronto in October
ENSO and RSRCHX pair up for MiFID II solution
25 April 2017 | New York | Reporter: Drew Nicol
The NEX Group's ENSO, a centralised treasury management solution for the buy side, is set to expand its broker vote tool to include research consumption for the second Markets in Financial Instruments Directive
Law firm sees rise in fintech patents
20 April 2017 | London | Reporter: Mark Dugdale
The number of financial technology patents filed through the international system administered by the World Intellectual Property Organization has increased 49 percent in five years
Nomura taps Indian fintech start-up talent
19 April 2017 | Mumbai | Reporter: Drew Nicol
Nomura is looking to engage with Indian fintech expertise for capital market solutions
Nasdaq and HKEX strengthen tech relationship
12 April 2017 | New York | Reporter: Stephanie Palmer
Hong Kong Exchanges and Clearing Limited has extended its relationship with Nasdaq, appointing it to upgrade the infrastructure of its derivatives market
More technology news