Justin Wheatley

Justin Wheatley (b. Justin Marius Benedict Thomas Wheatley in 1965cite web| title=StatPro IPO Prospectus Press Release 18 May 2000| url=http://www.statpro.com/press_releases/downloads/statpro_ipo.pdf | accessdate=September 18 | accessyear=2007 ] ) set up the StatPro Group in 1994 having established himself in the software and data solutions industry. In 1991, Wheatley set up a Micropal branch in Switzerland that distributed Micropal products. Two years later he wrote the first version of TAP which filled a previous gap in the market for such a product.

The same year that StatPro was founded, Wheatley took over the French Micropal agency through acquiring Micropal France SA. The company, which had been relatively unsuccessful, increased its annual turnover fourfold in the subsequent four year period. This agency was sold to S&P for just under £2 million, which was put towards the financing of StatPro's international growth.

In May 2000, he took StatPro to IPO, which raised over £5 million.cite web | title=Justin Wheatley Biography @ StatPro.com | url=http://www.statpro.com/executives_justin_wheatley.asp | accessdate=September 18 | accessyear=2007]

Six years later, he was looking to expand StatPro's international operations through acquisition on top of its organic growth. This began in April 2006 with the takeover of ALPHAI, a leading Australian performance measurement software business. In October of the same year, it was announced that StatPro was proposing to acquire the investment management solutions company FRI Corporation that was based in Canada. This acquisition of the securities information services, asset management and wealth and trading management software solutions provider required an aggregate consideration of CDN$53 million or £25 million.cite web| title=Justin Wheatley Testimonial @ WestchesterUSA.com| url=http://www.westchesterusa.com/testimonials-jwheatley.html | accessdate=September 20 | accessyear=2007 ] Wheatley commented at the time on the transaction, "The acquisition continues our stated strategy to grow by acquiring new products and investing in such products for growth, rather than developing products from inception."cite web | title="StatPro to buy Canada's FRI Corporation @ Finextra.com | url=http://216.239.59.104/search?q=cache:uHg1zGZv7QMJ:www.fricorporation.com/friweb.nsf/NewsReleases/F13582620187E07C852571F6003E94F3!OpenDocument+StatPro+FRI+acquisition&hl=en&ct=clnk&cd=9&gl=uk | accessdate=September 20 | accessyear=2007]

References

External links

* [http://www.statpro.com/executives_justin_wheatley.asp Justin Wheatley Biography @ StatPro.com]
* [http://www.statpro.com StatPro.com]
* [http://www.zoominfo.com/Search/CompanyDetail.aspx?CompanyID=91373745&cs=QFFckCx08 StatPro Group Company Profile @ ZoomInfo.com]
* [http://www.hemscott.com/companies/company-summary.do?companyId=3947 StatPro Group Company Summary @ Hemscott.com]
* [http://www.abcmoney.co.uk/pinfo/STATPRO_GROUP.htm Latest News on StatPro from ABCmoney.co.uk]
* [http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0006300213GBGBXAIMI0630021SOG Latest StatPro Share Data from the London Stock Exchange]
* [http://www.smallcapnews.co.uk/company/Statpro_Group_plc/279.aspx Latest StatPro Share Data from SmallCapNews.co.uk]