StatPro acquires Performa, enhances GIPS-compliance functionality

StatPro, the London-based provider of buy-side portfolio analytics and data systems, has acquired Performa Consultants UK, a supplier of technology to help asset managers in their compliance with the Global Investment Performance Stand-ards (GIPS). The deal was signed for a cash and stock value of roughly £7 million. StatPro says the acquisition will enable it to better support its clients as they focus increasingly on reporting and compliance with GIPS and Mifid. Performa was established in