Justin Wheatley

From Wikipedia, the free encyclopedia

Justin Wheatley (b. Justin Marius Benedict Thomas Wheatley in 1965^[1]) 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.^[2]

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.^[3] 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."^[4]