StatPro has secured a £1.5m two-year contract extension with a large European asset manager for its Delta service. This deal alleviates any concern over potential client churn post StatPro’s acquisition of Delta, highlights the value of the Delta service to its users, and confirms StatPro’s ability to strengthen relationships with existing clients. We make no changes to our forecasts, recommendation or target price.
13 Sep 2017
N+1 Singer - StatPro Group - research1@agco.com
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N+1 Singer - StatPro Group - research1@agco.com
Statpro Group (SOG:LON) | 0 0 (-0.8%) | Mkt Cap: 159.5m
- Published:
13 Sep 2017 -
Author:
N+1 Singer Team -
Pages:
3
StatPro has secured a £1.5m two-year contract extension with a large European asset manager for its Delta service. This deal alleviates any concern over potential client churn post StatPro’s acquisition of Delta, highlights the value of the Delta service to its users, and confirms StatPro’s ability to strengthen relationships with existing clients. We make no changes to our forecasts, recommendation or target price.