StatPro Group PLC (LON:SOG), the provider of cloud-based portfolio analysis and asset pricing services for the global asset management industry, has traded in line this year.
Rory Curran, the group’s chairman, was set to tell shareholders at today’s annual general meeting (AGM) that new sales of its cloud service, StatPro Revolution, have progressed well.
READ: StatPro says major fund administrator to migrate to StatPro Revolution; shares gain
“A key part of our strategy is to address the needs of the global fund administration industry to provide best in class cloud-based portfolio analytics technology to their asset management clients. As previously announced, a top 10 global fund administrator is to convert to StatPro's cloud-based Revolution platform in a deal worth at least US$500,000 per annum, illustrating the value of our strategic investment in our state of the art technology platform,” Curran’s AGM statement said.
Curran also confirmed that the Revolution fixed income module will be launched, as planned, in the early part of the third quarter.
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