StatPro has announced a €3m six-year agreement with an existing European asset manager client that is converting from Seven to the full Revolution offering. This deal will deliver an uplift in revenue and lengthier contract terms, and therefore highlights the additional value deliverable from existing customer migration. More news like this will help convince the market of the success of the cloud strategy. We make no changes to our forecasts, recommendation or target price.
06 Mar 2017
N+1 Singer - StatPro Group - Contract win
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N+1 Singer - StatPro Group - Contract win
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
06 Mar 2017 -
Author:
N+1 Singer Team -
Pages:
3
StatPro has announced a €3m six-year agreement with an existing European asset manager client that is converting from Seven to the full Revolution offering. This deal will deliver an uplift in revenue and lengthier contract terms, and therefore highlights the additional value deliverable from existing customer migration. More news like this will help convince the market of the success of the cloud strategy. We make no changes to our forecasts, recommendation or target price.