StatPro Group PLC, a portfolio analysis and asset pricing services provider, agreed to buy UBS’ risk and performance analytics unit, UBS Delta.
StatPro, which is a cloud-based provider, said in a news release Friday that the deal will extend its risk and performance analytics service to the front office of money management firms, from the middle office.
The acquisition will take place in phases over three to five years, with StatPro incorporating UBS Delta into its flagship StatPro Revolution platform. Until UBS Delta is fully integrated into StatPro, UBS will continue to operate and support the unit on behalf of its clients.
UBS Delta focuses on fixed-income attribution and risk.