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StatPro trading in line; integration of UBS Delta going well

Having been ahead of the field in switching to a software-as-a-service (SaaS) model, some 82% of annualised recurring revenue is now SaaSy.
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Integration of UBS Delta is going well

Portfolio analytics software provider StatPro Group PLC (LON:SOG) traded in line with expectations in the first half of the year.

Group annualised recurring revenue was up 47% to around £53.2mln from £36.2mln the year before.

The company, which bit the bullet early in terms of switching to a software-as-a-service (SaaS) model, said around 82% of annualised recurring revenue now comes from SaaS solutions, which is up from 74% in the first half of last year.

Back in April, the company agreed to pay £11mln for risk and performance analytics service UBS Delta, to beef up its “front office” (sales & trading) product capability.

READ StatPro Group seals £11mln earnings enhancing UBS Delta acquisition

StatPro said integration of UBS Delta is going well.

The company will release its Portfolio analytics software provider StatPro Group PLC (LON:SOG) traded in line with expectations in the first half of the year.

Group annualised recurring revenue was up 47% to around £53.2mln from £36.2mln the year before.

The company, which bit the bullet early in terms of switching to a software-as-a-service (SaaS) model, said around 82% of annualised recurring revenue now comes from SaaS solutions, which is up from 74% in the first half of last year.interim results on 2 August.

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